UAE-Based Solar Energy Startup Pawame Raises Over USD2 Million

Pawame, a UAEbased off-grid solar start-up,has announced that it has successfully raised USD 2million in funding through Gulf-based investorsfor its operations in Africa.

Pawame aims to electrify 150 million households in sub-Saharan Africa that do not have access to grid power. The company provides reliable, cost-effective pay-as-you-go solar home systemsto remote areas of Africa on a micro-finance basis, making it affordable for everyone. Itsinvestors are primarily GCC based, with its largest shareholder beingsenior executives from the largest power utility companies of the Middle East.