Baobab+ is a French West African distributor of solar home systems that sells energy and digital products through a pay-as-you-go (progressive payment) model. It operates in Senegal, Côte d’Ivoire, Mali, and Madagascar and is being deployed in Nigeria and the Democratic Republic of Congo. The company helps households and microentrepreneurs gain energy independence and digital connectivity to support financial inclusion. Despite the COVID-19 pandemic, Baobab+ sustained 60% growth in its PAYG energy and digital distribution business in 2020. Since 2015 it has distributed over 100,000 products in Senegal and since 2016 over 50,000 products in Côte d’Ivoire. Baobab+ plans to extend its product range and expand its distribution network, with a focus on micro-entrepreneurs in Senegal and Côte d’Ivoire.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2021