Founded in 2013, Beacon Power Services (BPS) is on a mission to address Africa’s energy challenges with cutting-edge data-driven solutions. Recently, the energy-tech startup raised Series A funding, backed by global VC Partech and notable investors including FinnFund, Gaia Impact, and Proparco Group. The funds aim to support BPS’s expansion across Eastern and Southern Africa, marking a critical step in its efforts to boost power reliability.
With over 600 million Africans lacking electricity, BPS is using technology to close the gap. Its innovative tools, Customer and Asset Information Management System (CAIMS) and Adora, provide advanced data management and live power distribution capabilities. While CAIMS optimizes service delivery by organizing critical power data, Adora makes it possible to track power distribution in real-time, making BPS a standout solution for African utilities.
Countries like Ghana, Rwanda, and Kenya are on track to reach complete electricity access by 2030. However, Nigeria, facing significant energy infrastructure hurdles and frequent power grid failures, lags behind. BPS has already made strides by partnering with the Electricity Company of Ghana (ECG), assisting them in doubling revenue and expanding access to five million customers.
In a statement, Partech General Partner Cyril Collon praised BPS for its “track record in transforming grid management,” emphasizing their commitment to scaling BPS’s operations. With this investment, Partech’s Africa Fund II aims to support BPS’s vision of reliable, data-enhanced power solutions across the continent.
With a team of over 200 people across Nigeria, Ghana, Kenya, and the United States, BPS continues to drive Africa’s energy evolution, hoping to contribute its quota towards a more connected future.
