EDF joins SunCulture’s existing institutional investors, Energy Access Ventures and Partners Group.

Over the past fifty years, the EDF Group has provided more than 500,000 people in Africa with access to electricity. EDF will share its experience selling and installing off-grid solutions designed for residential customers and its knowledge of Central and West African markets with SunCulture. EDF will also assist in setting up financing vehicles designed to help farmers afford these solar irrigation solutions under SunCulture’s Pay-As-You-Grow platform.

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“EDFs commitment to partnering with local companies to create lasting impact represents an important shift in the way multinationals are doing business in Africa. We’re excited about this partnership, which gives us the opportunity to work with EDF to increase rural household productivity across the continent,” said Samir Ibrahim, SunCulture’s Chief Executive Officer and Co-Founder.

Four out of five African families depend on agriculture for their livelihoods, but just 4 percent use irrigation, with the rest relying on increasingly unreliable rainfall. Although switching to irrigated agriculture increases yields by 90 percent when compared to nearby rain-fed farms, high diesel costs make irrigation an unaffordable expense for many small farmers. With 620 million Africans lacking a connection to the electricity grid, mains-connected electric water pumps are also not a viable option.

Andrew Reicher, SunCulture’s Board Chair, adds: “EDF’s investment will finance SunCulture’s plans to scale up and reach millions of customers by continent-wide distribution and introducing credit. EDF brings much more than just money, though. A shared philosophy and commitment to work closely and cooperatively together, access to deep knowhow within EDF, and the opening to us of their extensive contact network, will all significantly increase the probability of success for SunCulture.”