(Geneva) – Young entrepreneurs with green, sustainable businesses can now apply to participate in a global accelerator programme of the United Nations with
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Gaia Impact Fund Completes Undisclosed Equity Investment in Innovex
Innovex raises funds from Gaia Impact Fund to expand its cooperation with solar energy providers in Africa.
Innovex Founders; Douglas Baguma and David Tusubira pose for a photo with a solar panel. (Courtesy Photo)
Innovex, Ugandan-based startup that provides digital solutions for the payment and remote monitoring of solar photovoltaic installations, concluded an equity investment in its capital with Gaia Impact Fund, a French investment fund dedicated to renewable energy.
The investment was undisclosed, however, Gaia believes that the funds injected into the company will be used to expand its digital services in the burgeoning solar energy market in Uganda and across Africa.
January 21 2021 / Modified on January 20 2021 Gaia Impact Fund has just completed an equity investment in Innovex. The Ugandan-based company provides digital solutions for the payment and remote monitoring of solar photovoltaic installations.
Innovex obtains funds to expand its cooperation with solar energy providers in Africa. The Ugandan-based company has concluded an equity investment in its capital with Gaia Impact Fund, a French investment fund dedicated to renewable energy. The terms of this investment have not been specified. However, Gaia believes that the funds injected into the company will be used to expand its digital services in the burgeoning solar energy market in Uganda and elsewhere in Africa.