WeLight

A rural mini-grid operator that builds and operates solar mini-grids for villages. By its 2023 fundraising it had 40 mini-grids serving 9,000 households across 8 regions of Madagascar. A EUR 19 million raise from the European Investment Bank, Triodos Investment Management, EDFI ElectriFI and existing shareholders AXIAN Group, Sagemcom and Norfund funded expansion into a further 120 villages across 17 regions, targeting 45,000 newly connected households and about 250,000 people. By late 2024 the company reported 172 electrified villages in Madagascar, with 14 more in Mali.