Lagos — NXT Grid BV, a solar mini-grid rental company, with focus on online automation and standardisation to empower local mini-grid developers in Sub-Saharan Africa, SSA, has secured an investment from All On, a Nigerian impact investing firm seeded by Shell.
“To close the massive energy access gap in Nigeria, we need continuous innovation. NXT Grid’s low cost mini-grid model offers a new way to scale mini-grids rapidly with multiple partners.
“We are excited about this investment and confident that leveraging their technology tools and access to finance we will be able to provide the market another alternative to lighting up thousands of households and small businesses across the country,” the company said.
