Crowdfunding for off-grid power business
Connectivity contributes enormously to economic growth in frontier markets and BuffaloGrid is on a mission to connect the unconnected.
The company uses a network of solar-powered hubs to provide mobile power and internet service to off-grid communities.
BuffaloGrid raised £500,000 of equity – over double its campaign target – on London based crowdfunding platform Crowdcube. Buffalo Grid received a £20,000 contribution during the campaign from energy 4 Impact’s Crowd Power programme, which is funded by UK Aid.
Since the campaign, the company has refined the product for mass production. The design is now complete and the first batch of mass-produced Buffalo Grid hubs was deployed in early 2018. They are now taking pre-orders for their second batch. This will allow Buffalo Grid to scale up its service to provide mobile power and internet access to hunderds of villages across India and off-grid communities in sub-Saharan Africa.