Nigerian cleantech startup secures funding to scale solar energy for SMEs
- Madica invests in Earthbond, a Nigerian climate tech startup.
- Earthbond provides affordable solar energy solutions to SMEs.
- Investment will enable Earthbond to scale operations and enhance offerings.
The investment in Earthbond by Madica represents a significant step towards addressing the clean energy gap in Nigeria, particularly for SMEs burdened by high energy costs. This partnership not only empowers innovative solutions but also aligns with global sustainability goals. However, the challenge of high upfront installation costs remains a barrier that needs to be addressed to ensure broader adoption of solar energy.
