Introduction
Altech Group is transforming energy access in the Democratic Republic of Congo (DRC) by providing affordable PayGo solar solutions to off-grid households and businesses. As a recipient of the Emerging Distributor Finance Fund (EDFF), managed by SIMA Funds, Altech has expanded its reach, diversified its product offerings, and scaled its operations to become the leading provider of solar energy solutions in the DRC.
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Scaling Clean Energy: The Impact of SIMA’s Investment
With the financial backing from SIMA’s EDFF, Altech Group has achieved several transformational milestones:
- Expanding Access to Renewable Energy: With 170 retail locations across the DRC, Altech has extended its reach into underserved regions, bringing solar solutions to thousands of off-grid households and businesses.
- Introducing Innovative Products: Altech has diversified its offerings by launching advanced solar home systems and clean cookstoves, addressing both energy access and clean cooking needs.
- Boosting Revenue Growth: Since receiving SIMA’s investment, Altech’s revenue has increased by 300%, driven by higher sales volume, expanded customer reach, and a diversified product portfolio.
- Creating Economic Opportunities: Altech’s expansion has led to the creation of over 2,000 new jobs in sales, customer service, and logistics, strengthening the company’s ability to serve customers effectively.
- Avoiding CO₂ Emissions: Altech’s solar solutions have prevented over 550,000 tons of CO₂ emission.
A Catalyst for Financial Growth and Market Leadership Market Leadership
The funding from SIMA’s EDFF came at a critical time for Solektra Rwanda, allowing the company to achieve several major milestones:- Increasing Inventory: Ensuring products remain accessible and affordable for more households.
- Enhancing Technology and Infrastructure: Supporting operational efficiency and customer service.
- Expanding Market Presence: Solidifying Altech’s position as the market leader in PayGo solar in the DRC.
Sustainable Impact: Lighting Up the DRC with Solar Energy
Altech’s mission goes beyond energy access—it is about transforming lives and empowering communities. With every solar system installed:- Families gain reliable electricity, reducing dependency on polluting and expensive energy sources.
- Businesses thrive, as access to power enables growth and productivity.
- Women and children benefit, with improved safety, education opportunities, and better indoor air quality.
About Altech Group
Altech Group is the leading provider of affordable, high-quality solar energy solutions in the Democratic Republic of Congo. With a network of 170 retail locations and a diverse range of solar home systems, clean cookstoves, and PayGo solutions, Altech is at the forefront of expanding energy access across the country. Its mission is to empower off-grid communities, drive economic growth, and reduce environmental impact through innovative renewable energy technologies.
About SIMA Funds
SIMA Funds is a global impact investment firm that finances high-impact businesses driving clean energy, financial inclusion, and sustainability. Through initiatives like the Emerging Distributor Finance Fund (EDFF), SIMA provides catalytic capital to renewable energy providers, ensuring they can scale their impact and serve off-grid communities. By investing in mission-driven enterprises like Altech Group, SIMA Funds is accelerating the global transition to clean, affordable energy and economic resilience.