Biniyog Briddhi Partners with SOLshare Ltd.

LightCastle Analytics Wing
June 1, 2021
Biniyog Briddhi Partners with SOLshare Ltd.

B-Briddhi teams up with SOLshare Ltd., an affiliate of German consulting company MicroEnergy International GmbH (MEI). Through this partnership, SOLshare will receive financial rewards for improving its impact management with the support of our non-repayable funding arrangement – “Impact Ready matching Fund” (IRMF).

SOLshare pioneer in micro-energy transition and has installed the world’s first cyber-physical peer-to-peer (P2P) solar sharing grids. SOLshare has implemented 48,000 PV capacity that has impacted 2,570 lives to date, leading to 1,756 Liters of Diesel redemption per year and saving up to 4,970 kilograms of CO2.

B-Briddhi is a multi-year partnership between the Embassy of Switzerland in Bangladesh, Roots of Impact, LightCastle Partners, and other stakeholders, including investors, private sector organizations, incubators, and support organizations for impact enterprises.

B-Briddhi’s “Impact Ready Matching Fund” (IRMF) is non-repayable funding that rewards enterprises for building their capacities in impact measurement and management (IMM).

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The online signing ceremony took place on Thursday, 27th May 2021 in Dhaka, where Bijon Islam, Chief Executive Officer at LightCastle Partners, Sebastian Groh, Founder and Managing Director at SOLshare Ltd. with other management personnel of both organizations were present.

Sebastian Groh, Founder, and Managing Director said, “Biniyog Briddhi is offering great support during a global crisis to catalyze our business model. This will help us uplift our idea of impacting the society and revolutionize renewable energy sources and offer affordable solar to everyone in Bangladesh.”

Dr. Rory Tews, Research & Development Lead at Roots of Impact said, “We at Roots of Impact, are pretty much adamant regarding the impact SOLshare implies. We are excited to support SOLshare’s strong, dedicated team in their journey to create a climate-resilient, equitable and sustainable future.”

Bijon Islam, Chief Executive Officer at LightCastle Partners, said, “We are delighted to partner with SOLshare and continue to help Bangladeshi impact enterprises and scale-up companies to meet up their social mission by establishing the sustainable business models.”

This year, Biniyog Briddhi received 95 catalytic funding applications. The winners of the batch-2 catalytic funding cohort will be announced at the end of 2021.

WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

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