Imperial spinout lands Silicon Valley investor
An Imperial spinout company that brings solar energy products to developing countries lands a major investment from a Silicon Valley financier. The company BBOXX , a provider of solar power technology systems for homes in developing countries, has received a $US 1.5 million investment from Vinod Khosla, one of the founders of the computer company Sun Microsystems who now runs a billion dollar venture capital business based in California. BBOXX also received a further $US400,000 from the British venture capital fund Synergy Growth. Currently, 1.4 billion people in the world live without access to electricity. Providing electricity enables people to improve their quality of life. For example, providing solar power can improve local economies enabling people to establish small enterprises such barber shops in their local communities. The investment will enable the team at BBOXX to realise their goal of bringing electricity to 20 million people in developing countries across the world by 2020.
