OverviewSuggest Edit

BBOXX is an international business that offers solar power to families without reliable access to electricity. BBOXX engineers, manufactures, finances and sells plug & play solar systems, leading The Solar Revolution across the developing world. BBOXX retails solar kits on monthly payment plans, reducing the barrier of upfront costs and unlocking solar for the mass market. Through SMART Solar, BBOXX links products and data to benefit customers and provide superior responsive customer service. Thus far, 41,000 BBOXX products have been sold in more than 35 countries, improving the lives of more than 205,000 people. BBOXX PRODCUTS BBOXX produces solar kits, residential solar installations, energy kiosks and efficient accessories for sales in the developing world. Solar kits offer 10Wh to 1kWh of electricity, while solar installations offer 2kWh to 20kWh of electricity. BBOXX solar kits and installations are charged by solar panels and/or grid electricity where available. BBOXX Energy Kiosks rent solar kits to local communities, providing basic electricity for lights and phone charging. By also offering accessories such as LED lights, phone chargers, televisions and refrigerators. BBOXX provides more than just solar lanterns, BBOXX provides complete energy solutions. BBOXX IMPACT Since 2010, BBOXX has sold 41,000 units in 35 countries, providing 205,000 people with electricity. By using BBOXX people have longer working or studying hours, in addition to safety and environmental benefits. BBOXX GROWTH In December 2013, the Financial Times called BBOXX “one of the UK’s fastest growing companies”. As income levels in rural communities rise, more people can afford access to electricity services, and BBOXX is there to serve them. BBOXX has 30 rural shops in 3 countries, and by the end of 2014, will grow to 60 shops in 4 countries.

TypePrivate
Founded2010
HQLondon, GB
Websitebboxx.co.uk
Employee Ratings4.2

Latest Updates

Employees (est.) (Oct 2019)388
Revenue (FY, 2017)£3.6 M

Key People/Management at BBOXX

Mansoor Hamayun

Mansoor Hamayun

CEO & Co-Founder
Laurent Van Houcke

Laurent Van Houcke

Co-Founder & COO
Christopher Baker-Brian

Christopher Baker-Brian

Co-Founder & CTO
Anshul Patel

Anshul Patel

VP of Projects
Sudeep Desaraju

Sudeep Desaraju

Corporate Development
Joe Segal

Joe Segal

Global Head of Sales and Logistics
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BBOXX Office Locations

BBOXX has offices in London, Greater London, Franklinville, and in 13 other locations
London, GB (HQ)
111 Power Road
Greater London, GB
9b Power Rd
Silverwater, AU
79 63 Parramatta Rd
Addis Ababa, ET
Unnamed
Cublize, FR
0 Les Pins
Nouakchott, MR
Rue de I Ambassade du Senegal
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BBOXX Financials and Metrics

Summary Metrics

Founding Date

2010

BBOXX total Funding

$164.9 m

BBOXX latest funding size

$50 m

Time since last funding

2 months ago

BBOXX investors

BBOXX's latest funding round in August 2019 was reported to be $50 m. In total, BBOXX has raised $164.9 m
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BBOXX Revenue

BBOXX's revenue was reported to be £3.60 m in FY, 2017
GBP

Revenue (FY, 2017)

3.6m

Gross profit (FY, 2017)

1.3m

Gross profit margin (FY, 2017), %

37.5%

Net income (FY, 2017)

(8.9m)

EBITDA (FY, 2017)

(9.6m)

EBIT (FY, 2017)

(10.5m)

Cash (31-Dec-2017)

2.2m
GBPFY, 2017

Revenue

3.6m

Cost of goods sold

2.2m

Gross profit

1.3m

Gross profit Margin, %

38%
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

514.016.6k27.5k45.4k837.7k1.2m2.2m

Accounts Receivable

14.2k20.6k1.4m1.3k506.0560.4k

Inventories

3.0m

Current Assets

19.2k30.6k48.0k1.5m7.6m14.7m7.4m
GBPFY, 2017

Net Income

(8.9m)

Cash From Operating Activities

(5.7m)

Cash From Financing Activities

10.9m

Net Change in Cash

191.1k
GBPY, 2017

Revenue/Employee

18.6k

Debt/Equity

0.1 x

Financial Leverage

3.5 x
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BBOXX Online and Social Media Presence

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BBOXX News and Updates

Mitsubishi Leads $50 Million Investment In Off-Grid Utility BBOXX

Mitsubishi makes a substantial investment in “next-generation” utility BBOXX with global growth and new product segments on the horizon.

BBOXX raises $50 mln

BBOXX said Aug. 28 that it raised $50 million in a Series D funding round. Investors include Mitsubishi Corp, ENGIE Rassembleurs d’Energies, Bamboo Capital Partners, DOEN Participaties and MacKinnon, Bennett & Co. BBOXX, of London, is a next generation utility.

How pay-as-you-go solar solutions can electrify Africa — and generate profits for you

Over 1.1 billion people have no access to electricity worldwide. Instead, they rely on kerosene lamps, candles, and inefficient cookstoves, which by themselves cause health and environmental problems. In Africa, alone, around 600 million people are left in the dark. Yet, for many people where basic …

2018 Zayed Future Energy Prize (Cleantech Oscars) Finalists — Vote Now!

The 2018 Zayed Future Energy Prize awards ceremony is tomorrow, January 15. I'm here in Abu Dhabi for the awards since I was on the Review Committee and will be moderating a panel discussion between some of this year's and previous years' winners later in the week. I will also be covering the awards…

BBOXX Blogs

Research Brief (Issue 03)

Research Brief (Issue 03): How do our customers learn about us? The trend is shifting. The post Research Brief (Issue 03) appeared first on BBOXX.

BBOXX unveils BBOXX ePay in Rwanda

BBOXX unveils BBOXX ePay in Rwanda – a new service unlocking potential by allowing family and friends to send energy back home from anywhere By Mansoor Hamayun, CEO and Co-founder of BBOXX 3 September 2019 – BBOXX has been providing remotely monitored solar home systems (SHS) to urban and rural area…

BBOXX closes a $50 million series D funding round led by Mitsubishi

BBOXX set to accelerate global expansion with $ 50 million series D funding round led by Mitsubishi Corporation 28 August 2019 – BBOXX, a next generation utility, has successfully closed a $50 million Series D funding round. The financial milestone includes a substantial investment from Mitsubishi C…

BBOXX unveils BBOXX Cook

BBOXX unveils new initiative to help tackle the global clean cooking crisis 19 July 2019 – BBOXX is unveiling a new initiative today which marks a major stride towards tackling the global clean cooking crisis and reducing greenhouse gas emissions. BBOXX Cook provides clean cooking services for both …

Research Brief (Issue 02): Not only affordability: What do customers value the most?

The post Research Brief (Issue 02): Not only affordability: What do customers value the most? appeared first on BBOXX.

BBOXX secures loan to turbocharge energy access in Rwanda

22nd May 2019 – BBOXX, the next generation utility, has secured an USD$8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF). The local currency loan – one of the first to be made since the fund’s launch last year – accelerates BBOXX’s roll-out of solar home sy…
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BBOXX Frequently Asked Questions

  • When was BBOXX founded?

    BBOXX was founded in 2010.

  • Who are BBOXX key executives?

    BBOXX's key executives are Mansoor Hamayun, Laurent Van Houcke and Christopher Baker-Brian.

  • How many employees does BBOXX have?

    BBOXX has 388 employees.

  • What is BBOXX revenue?

    Latest BBOXX annual revenue is £3.6 m.

  • What is BBOXX revenue per employee?

    Latest BBOXX revenue per employee is £9.3 k.

  • Who are BBOXX competitors?

    Competitors of BBOXX include Next Kraftwerke, Edison International and PV Squared.

  • Where is BBOXX headquarters?

    BBOXX headquarters is located at 111 Power Road, London.

  • Where are BBOXX offices?

    BBOXX has offices in London, Greater London, Franklinville, and in 13 other locations.

  • How many offices does BBOXX have?

    BBOXX has 22 offices.