Amped Innovation

Project overview

Amped is a US-based company designing, manufacturing and supplying solar home systems equipment to distributors in frontier markets. Amped designs high efficiency, lower cost solar home systems and appliances, with a specific focus on productive use equipment.

ElectriFI invested USD 4m from its global facility and USD 2m from the Nigeria Country Window to support Amped Innovation. Through the Burundi Country Window, ElectriFI announced an additional commitment of USD 1m in August 2023.

Funding objective

EDFI ElectriFI USD 7M debt facility aims at funding the company’s working capital needs, allowing Amped to allocate its cash resources on general corporate purposes including the research and development.

In Burundi, the primary objective is to provide clean and reliable energy solutions to over 3.000 Burundian households, significantly contributing to improving energy access in the country.

Investment rationale

EDFI ElectriFI is supporting Amped  Innovation’s initiative to develop new productive use appliances designed specifically for off-grid usage. Indirectly, our investment support the creation of specialised SHS distributors across sub-Saharan Africa who can rely on Amped Innovation for all equipment supply.

Read more:

• Amped Innovation | ElectriFI
• Amped Innovation contracts USD 6m with EU-funded facility EDFI ElectriFI to provide solar home systems to 500 000+ people in frontier markets | ElectriFI