Caterpillar Ventures Joins Powerhive to Develop Off-grid Energy Access

January 25, 2016

Caterpillar Venture Capital has made an equity investment in Powerhive, an energy solutions provider for emerging markets.

Caterpillar is one of eight investors in a $20 million Series A round led by Prelude Ventures. The venture financing will support Powerhive’s global expansion and continued growth in East Africa where the company has operated rural microgrids since 2012. The collaboration between Powerhive and Caterpillar will combine Caterpillar’s depth of experience in emerging markets, technical expertise and scale with Powerhive’s pioneering microgrid solutions allowing both  to serve energy demand growth in emerging markets.

Powerhive uses its proprietary technology platform to develop and operate renewable microgrids that supply affordable and reliable electricity to off-grid remote and underserved regions, reducing energy poverty and providing more resilient energy infrastructures in some of the world’s most vulnerable communities.

Source: Caterpillar