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Okra Solar secures $7 million debt facility from British International Investment to expand mesh-grid solar connections across rural Nigeria.

PRIVATENov 02, 2026

Amount Raised

$7 Million

Round Type

Debt Financing

Sydney

Investors

British International Investment

Description

Okra Solar has secured a $7 million debt financing facility from British International Investment (BII) to expand electricity connections in underserved rural communities across Nigeria. The financing will support procurement of solar equipment, batteries, and components needed to accelerate deployment of the company's mesh-grid technology. The investment could enable approximately 150,000 new electricity connections, potentially providing power access to as many as 750,000 people. Okra Solar's mesh-grid system combines solar panels, battery storage, smart meters, and wireless communication technology to allow communities without conventional power grid access to share electricity.

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Company Information

Company

Okra Solar

Location

Sydney, New South Wales, Australia

About

There are more than 770 million people around the world that don't have access to modern energy services. Okra provides IoT and AI-enabled hardware and software to last-mile energy companies so they can profitably energise remote off-grid communities. Okra's technology allows for all assets - from solar panels to batteries and inverters - to be distributed and interconnected as a mesh-grid where power is shared autonomously to reduce the chance of blackout and increase the overall energy available to each household. Grid operators use Okra's software to monitor, maintain, service and receive payment from end-users via the cloud whilst scaling up projects and building a profitable business.

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