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ALTECH
Leading energy access solution provider in DRC
TECHNOLOGY AND BUSINESS MODEL
Provider of energy access solutions including off-grid solar systems and cookstoves
COUNTRIES OF OPERATION
DRC
E&S RISK CLASSIFICATION
B - Medium Risk
SPARK+ INVESTMENT
$3 million senior secured loan
USE OF PROCEEDS
Financing to develop in-country assembly facilities to produce fuel-efficient cookstoves in conjunction with a leading Chinese stove design company.
WEBSITE
Altech Group is a leading provider of energy access solutions in the Democratic Republic of
Congo with a network of more than 3,500 solar ambassadors working across 22 provinces and delivering more than
10,000 products to customers each month. Since inception, the Company has delivered more than 300,000 products, impacted more than 1.5 million lives, and created more than 4,000 jobs.
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The 48-month debt facility will enable the company to scale-up its partnership with Zhejiang Huiwenmei Stove Co., Ltd (d/b/a “SSM”), a leading Chinese designer and manufacturer of improved cookstoves. During the loan tenor, the Company is expected to deliver energy solutions to more than 1 million low-income customers, and establish six in-country assembly facilities capable of producing more than 30,000 stoves per month.
