$26m investment for Azuri Technologies will help it extend solar home solutions in Africa

Azuri Technologies, the Milton-based pioneer of solar home solutions for off-grid homes in Africa, has received a $26million equity investment.

The money will help it accelerate its growth plans in East and West Africa and open up new opportunities.

The strategic investment was led by Japanese company Marubeni Corporation, a Fortune Global 500 company. Existing shareholders, including FTSE 250 company IP Group plc, also participated.

Azuri base in Winship House, provides solar home systems on a pay-as-you-go basis to off-grid consumers living in sub-Saharan Africa. It offers them access to electric lighting, satellite TV and phone charging, enabling them to use the internet.

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