Impact investor All On has announced a $250,000 follow-on investment in ICE Solar, a leading provider of energy-as-a-service solutions for small and medium-sized enterprises (SMEs) in Nigeria. This additional funding underscores All On’s commitment to advancing affordable and sustainable energy access for businesses that form the backbone of Nigeria’s economy.
The new capital will enable ICE Solar to scale the deployment of intelligent solar and battery systems, helping thousands of SMEs transition away from costly and polluting petrol generators toward clean, reliable energy alternatives. By reducing dependence on fossil fuels, the initiative supports Nigeria’s broader energy transition and climate goals.
ICE Solar operates an energy-as-a-service model that offers affordable, pay-as-you-go solar solutions tailored to the unique needs of small businesses. Its technology-driven approach ensures efficient energy management, remote monitoring, and flexible payment options—making renewable energy more accessible and practical for entrepreneurs nationwide.
Caroline Eboumbou, CEO of All On, emphasized the strategic importance of the investment:
This follow-on investment in ICE Solar reflects our commitment to supporting indigenous companies delivering scalable clean energy solutions to underserved markets. SMEs are the backbone of Nigeria’s economy, and access to reliable energy is critical to their growth and resilience. ICE Solar’s innovative model contributes meaningfully to job creation, economic inclusion, and the broader energy transition.
Emmanuel Ekwueme, Founder and CEO of ICE Solar, highlighted the impact of the partnership:
We’re thrilled to welcome All On’s continued support and investment in ICE Solar. This partnership reinforces our shared vision to accelerate clean, reliable energy access across Nigeria. With this new capital, we’re scaling our intelligent solar and battery solutions to help over 2,000 SMEs cut energy costs, displace thousands of petrol generators, and transition toward a low-carbon future. This milestone is not just about ICE Solar’s growth—it’s about strengthening Nigeria’s renewable energy ecosystem and driving economic transformation.
