All On

All On is a Shell-funded impact investment company focused exclusively on Nigeria's off-grid energy market, established in mid-2021 with a mandate to expand energy access to the country's underserved and unserved populations. The firm has reached over 2 million Nigerians through its portfolio of 20+ clean energy companies, making it the most prominent mini-grid investor in Nigeria.

The portfolio spans the full spectrum of decentralised energy solutions: solar mini-grid operators (Havenhill Synergy, Prado Power, Auxano Solar, Renewvia Energy, Solmenz Engineering, A4&T Power Solutions, Darway Coast), standalone solar companies (Arnergy, Lumos, Creeds Energy, Salpha Energy), solar-powered refrigeration (Koolboks), pay-per-use battery sharing (Mobile Power), and energy technology platforms (Infibranches, NXT Grid, Greenage Technologies, GVE Projects). Investment sizes typically range from $500K to $2 million, with individual deals including £1 million for Mobile Power, $2 million for Infibranches, $1.5 million for Auxano Solar, and $1.2 million for Renewvia Energy. Key partnerships include the US African Development Foundation (USADF, providing $50K seed + $50K convertible debt per company), Bank of Industry (BOI, co-funding a N1 billion Niger Delta Off-grid Energy Fund), and the Nigeria Climate Innovation Centre.