San Francisco Startup Secures $55M to Expand Solar, Storage in Africa

Off Grid Electric, a San Francisco-based company that develops rooftop solar and battery systems in Africa, has raised $55 million as it expands into Ghana. The Series D round was led by Helios Investment Partners and included GE Ventures, the venture capital subsidiary of General Electric Co., Off Grid said in a statement Thursday. The company’s Ghana expansion is part of a partnership with Electricite de France SA.

Source: Renewable Energy