LIFI-LED’s Ange Frédérick Balma seeks €15 million for manufacture unit in Cote d’Ivoire
The 44-year-old local entrepreneur, who harnesses LiFi technology to light up and connect villages, wants to move up a gear by producing and manufacturing LiFi and solar solutions himself.
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▪ LIFI-LED’s Ange Frédérick Balma seeks €15 million for manufacture unit in Cote d’Ivoire
▪ The 44-year-old local entrepreneur, who harnesses LiFi technology to light up and connect villages, wants to move up a gear by producing and manufacturing LiFi and solar solutions himself.
▪ https://www.africabusinessplus.com/en/812103/cote-divoire-lifi-leds-ange-frederick-balma-seeks-e15-million-to-produce-locally/
Founded in 2015 by Ange Frédérick Balma, LIFI-LED has been in discussions with international venture capital funds and companies such as EDF and Facebook for the past three months, hoping to raise €15 million in three phases. The money will be used to build a factory to produce solar panels and other intelligent streetlights capable of providing light and internet connection to African towns and villages. Currently, his company imports its materials from Asia and Europe and assembles them in Côte d’Ivoire.
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