Lighting Up Africa: CrossBoundary Access Secures $5M to Power Rural Communities

CrossBoundary Access is thrilled to announce that it has successfully raised $5,000,000 in a recent funding round, further energizing its mission to revolutionize rural electrification across Africa. With over 600 million people currently without power on the continent, the urgent need for innovative, efficient, and sustainable energy solutions has never been clearer. Studies have highlighted that mini-grids represent the most cost-effective way to extend electricity to over 260 million people, supplementing grid extensions and solar home systems. Armed with this insight, CrossBoundary Access is on a transformative journey to build a distributed utility—the grid of the future—designed specifically to reach rural households, community institutions, and businesses with high-quality, renewable power. The new capital will be strategically deployed to finance, own, and operate additional mini-grids and complementary technologies, accelerating the company’s ambitious goal to bring power to 1 million people by 2025. This funding not only underscores the confidence investors have in CrossBoundary Access’ innovative approach to distributed power but also signals a strong commitment to creating scalable energy solutions that can fundamentally change lives. By focusing on rural electrification, the company is laying down a robust foundation for economic growth and social development, ensuring that communities have access to reliable energy as a catalyst to end poverty. The infusion of $5,000,000 is a testament to the growing momentum behind sustainable energy initiatives and reinforces CrossBoundary Access' reputation as a leader in building the distributed utility of tomorrow.