EDFI ElectriFI provides Okra with a USD 4.5 million, in revolving working capital facility to be used for financing manufacturing of actual client orders in Nigeria.
Okra offers an innovative technology, the Mesh-Grid, that can transform and accelerate the development of off-grid energy for rural electrification and bolster the
use of productive appliances by households. Founded in 2016, Okra achieved projects in different geographies and received multiple awards for the technology. They are now focusing on the highly strategic Nigerian market, where they are currently developing multiple pilot projects with local and
EDFI ElectriFI provides Okra with a revolving working capital facility to be used for financing manufacturing of actual client orders in Nigeria.
EDFI ElectriFI’s investment shall enable the company to fund scale-up orders from clients in the Nigerian market, ultimately providing thousands of households with energy access and enabling productive use deployment. Rural electrification rate in Nigeria barely
reaches 39%, hence the high need for off-grid
Working capital loan
USD 4.5m (equiv EUR 4.15)