Spark+ has extended USD 2 million in financing to Jibu Inc to support the expansion of its product line to include Liquefied Petroleum Gas (LPG).
Information on the Target
Jibu Inc is an innovative company focused on providing affordable and sustainable solutions for water and energy challenges in underserved markets. Their operations have garnered recognition for addressing critical issues such as access to clean water and the need for reliable energy sources. With this recent financing from Spark+, Jibu aims to expand its product line to include Liquefied Petroleum Gas (LPG), further enhancing its ability to meet diverse energy needs.
With a strong commitment to social impact, Jibu combines its business model with a mission to empower communities through accessible energy. This expansion into LPG aligns with the company's vision of providing holistic energy solutions and maximizing its outreach in emerging markets.
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Industry Overview in the Target’s Specific Country
Jibu operates primarily in several African countries where energy and water shortages significantly impact daily life and economic growth. The demand for convenient and sustainable energy solutions remains high as urba
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Disclosed details
Transaction Size: $2M