Beacon Power Services (BPS), an innovative Nigerian energy technology company, has successfully secured Series A funding, positioning itself for accelerated growth across Africa. This financing round, led by Partech, attracted significant investment from a consortium of backers, including FinnFund, Gaia Impact, Proparco Group, Kaleo Ventures, Seedstars Africa Ventures, Clermont, Global Brain, JCG Mirai (its corporate venture capital partner), and On Capital. With this new capital, BPS is set to scale its operations and expand its cutting-edge data-driven grid management solutions to further strengthen the power infrastructure in the region.
Founded in 2013 by Bimbola Adisa, BPS has been focused on transforming Africa’s electricity sector through technology-driven solutions that streamline power distribution, making it more reliable and accessible. Through two flagship tools—Customer and Asset Information Management System (CAIMS) and Adora—BPS addresses crucial infrastructure issues. CAIMS, an advanced AI-powered data management tool, helps utilities manage customer and asset information efficiently, enabling smarter, data-backed decisions. Meanwhile, Adora, a real-time grid monitoring platform, empowers utility providers to control power distribution effectively, minimizing outages and enhancing operational efficiency. Together, these solutions are designed to tackle the unique power supply challenges in Africa, particularly in regions with limited electricity access.
This new funding enables BPS to expand its footprint into Eastern and Southern Africa, adding to its established operations in Nigeria, Ghana, Kenya, and Zambia. In recent years, BPS has made a significant impact in Ghana, partnering with the Electricity Company of Ghana (ECG) to implement data solutions that have doubled ECG’s revenue in just two years. In early 2024, BPS also supported ECG’s launch of a mobile app, simplifying access to power services for millions of Ghanaians.
BPS’s work comes at a critical time for sub-Saharan Africa, where over 600 million people—approximately 43% of the population—still live without access to electricity. While countries like Ghana, Rwanda, and Kenya are making strides toward universal electricity access by 2030, Nigeria continues to struggle with recurring grid instability. Against this backdrop, BPS’s solutions are tailored to meet the continent’s urgent needs, offering utilities critical real-time data insights and actionable intelligence for sustainable grid management.
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As CEO Bimbola Adisa noted, “We’re at the forefront of Africa’s energy transformation, using advanced software to help utilities provide more dependable electricity, optimize their operations, and reduce reliance on diesel generators. By delivering actionable insights to utility companies, we’re driving efficiency and supporting critical urban centers.”
Partech’s General Partner Cyril Collon underscored the value of BPS’s mission: “BPS has set a high standard in grid management across Nigeria and Ghana, tackling Africa’s energy challenges with data-driven solutions. Companies like BPS are precisely why we established our Partech Africa Fund II. We’re excited to support them as they scale their operations and create lasting impact.”
Since its 2022 seed round, BPS has rapidly expanded, employing over 200 people across Nigeria, Ghana, Kenya, Zambia, and the United States. Now, with this fresh infusion of capital, BPS is poised to serve over 50 million customers, leveraging its global team to drive data-centric strategies that power Africa’s future. This funding marks a pivotal moment in BPS’s journey to transform Africa’s energy infrastructure and meet the continent’s pressing power needs.
