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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.