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About This Project

Ennovent, through its Impact Investment Holding, supported Barefoot Power, a for-profit venture that assists off-grid communities in developing countries to access affordable renewable energy.

 

Ennovent invested an undisclosed amount in Barefoot Power, and assisted with the business review, due diligence and dealing structuring aspects of the investment. Barefoot Power was supported to launch its India operations by facilitating connections with local partners to recruit its core team, and develop its distribution models and pricing strategies.

 

Barefoot Power was able to scale its impact and profits, and its products benefited 8 states and more than 35,000 people in India. The company closed its operations in India in 2019.

Project

Year

2010

Partner

Scheuch Family Trust

Category
Energy

Dear Friends,

 

Thank you for your interest in Ennovent! We closed down Ennovent’s operations at the end of March 2024.

 

We had been deliberating about continuing our work in the changing overall market and impact space during the last year. The decision to close came after careful consideration of major policy shifts, changing funding priorities and market challenges that have significantly affected our business model.

 

Reflecting on our journey since 2008, we are filled with great pride in the legacy Ennovent leaves behind. We have been a catalyst for more than 250 ventures across 40 countries through our involvement in 90 projects. Our mission has always been to promote businesses with sustainable solutions for low-income markets, a goal that we pursued with unwavering commitment. As we move forward, our team members remain dedicated to pursuing lasting sustainable impact through their future endeavours.

 

We deeply appreciate your support and patronage over the years.

 

Warm regards,
Team Ennovent