Sunlabob Renewable Energy, the Laos-based company specializing in rural renewable energy and clean water solutions, this week finalized a $2.1 million investment from Truestone Global Impact Fund, a UK-based impact investment fund jointly managed by Uberis Capital and Truestone Impact Investment Management.
The investment will aid the continued international growth of Sunlabob, which has to-date provided its off-grid renewable energy services in more than 20 countries throughout Asia, Africa and the Pacific.
Andy Schroeter, Sunlabob CEO, said: “This investment underscores Sunlabob’s transition from a Laos-focused start-up to an international-reaching company providing off-grid sustainable energy expertise throughout the developing world. We’re proud to leverage our 15 years of experience in remote, challenging areas of Laos to be able to now catalyze access to clean energy and water in places ranging from the islands of Micronesia to communities in sub-Saharan Africa.”
Founded in 2000 with a focus on combining high-quality technology with village-based training and operational models, Sunlabob provides its integrated expertise of rural electrification and off-grid energy to governments, multilateral development agencies, non-profit organizations and the private sector.
The company’s products, services and programs have enabled access to clean energy or water for more than 250,000 people in rural areas of Laos and more than 600,000 people internationally.
“Sunlabob has, for years, demonstrated a first-rate understanding of renewable energy engineering and rural community development, a skill-set that is proving valuable not only in Laos but throughout the developing world,” said Cyrille Antignac, a partner in the Truestone Global Impact Fund, which focuses its investments on positive social and environmental impacts.
“We’re pleased to fund a business like Sunlabob that has shown sustainable growth while providing critical, life-changing services like electricity and clean water to underserved and unreached populations around the world,” added Antignac.
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About Sunlabob Renewable Energy Ltd.
Sunlabob Renewable Energy is a Laos-based venture-backed company specializing in renewable energy and clean water solutions throughout the developing world. Experts in rural remote areas, Sunlabob offers a wide range of products and services that achieve one common goal: to enable long-term access to clean energy and water.
Established in 2000, the company has expanded far beyond its initial focus in Laos, now providing its integrated expertise of rural electrification to governments, multilateral development agencies, multinational companies, NGOs and private individuals throughout Asia, Africa and the Pacific.
For more information please visit www.sunlabob.com. You can also keep in touch with Sunlabob through https://twitter.com/Sunlabob and http://www.facebook.com/Sunlabob.
About Truestone Impact Investment Management
Truestone is a specialist impact investment manager mainly focused in frontier markets, helping support and develop SMEs for private equity investment. Truestone also provides liquid portfolios of screened funds that seek the most positive social and environmental outcomes, suitable for both retail and institutional investors. For more information visit www.truestoneimpactinvestment.co.uk.
About Uberis Capital
Uberis Capital is an impact investing venture capital firm based in Phnom Penh, Cambodia and London, United Kingdom. It supports the founding and expansion of high growth social enterprises that serve the base of the socio-economic pyramid. For more information, please visit www.uberiscapital.com.