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Rensource Partners Gives $3.5 Million Funding

Rensource, Nigeria,
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Rensource energy startup has its headquarters in Lagos. The United States society recommends this industry for its enthusiastic commitment to enhancing power supply services. It is mandated and dedicated to providing predictable energy. Its initial supply was towards a region that experienced power shortage due to inaccessibility. It is a convenient power provider to both public and private industries located in high volatile areas within the country.

The households and business owners subscribing to its services are already appreciating the progress and recommendable services provided by the company. Amaya Capital Partners together with other vital investors have won the credit for their joint effort in bringing this project to reality. Rensource recognizes the untiring efforts from these partners that have now enabled the company to realize profitable growth. The company has secured in areas including, useful West Africa’s markets.

The kind support of $3.5 million donated by the partners to aid in the expansion of Rensource will be useful for the startup. Anu Adasolum, the General Manager of Rensource, upholds that the funds are for expanding the service delivery. Therefore, the services will expand to Abuja and Kano. He also recommends the expansion of the industrial supply base to ensure sustained supply of services. Also, the intended launch of “powered by Rensource” project that aims at supply unlimited power to all the business premises in Nigeria will enhance power independence in the country.

The manager reaffirms that the future of Nigeria’s power supply is dependent upon the supply made by the renewable based industries within the country. It is pleasant that Rensource is on track to ensure that this charge comes true. Most households and business premises use the power supply from Rensource hence there are hopes in Nigeria. However, this is indeed a journey towards self-power independence in Nigeria.

Rensource’s chief revenue officer reiterates that the fundings that the company receives act as a surety for its growth trend. The idea of distributed power generation across Africa is thus a priority for the industry. The practice may seem weak, but with increased innovations, the project will soon turn to be a full energy revolution in Nigeria.

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Written by Denis Opudo

Am an engineer who's a tech blogger, hit me up on [email protected] and we base our discussion on technology in Africa and the rest of the world.
Denis the Tech guru

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