Pioneer Energy Investment Initiative Powering Livelihoods Using Solar (PEII+)

About this project

PEII+ is a 5-year, $25 million dollar initiative that will invest early-stage capital in companies that provide renewable energy-powered appliances–from mills and irrigation pumps to electric motorbikes and refrigerators–to microentrepreneurs and smallholder farmers in India and East and West Africa. Building on Acumen's 15 years of experience investing in energy access businesses that tackle poverty, Acumen is doubling-down on the role productive uses of energy play in creating thriving resilient livelihoods powered by affordable, income-generating, clean energy products and services. To help Acumen’s current and new pioneer energy investees to achieve their growth potential, post-investment support will be provided to each company. PEII+ investees will also engage in a 60 Decibels Lean Data project to measure how they are performing against various impact benchmarks and to generate valuable insights to inform business strategy, product design, affordability, and customer service over time.To increase the visibility of local entrepreneurs working at the nexus of energy access, agriculture, and poverty, PEII+ plans to develop two Acumen Academy accelerators to support the next cohort of locally-led enterprises in India and East Africa and increase their investment readiness. Lastly, as done under the first PEII, Acumen plans to share key lessons learned and insights from its portfolio. Acumen will continue to bring together stakeholders across the energy and agriculture ecos…

Published by

Acumen · International NGO

Countries

Kenya, Rwanda, Tanzania, Uganda, Nigeria, Ghana, Sierra Leone, India

Sectors

Energy generation, renewable sources - multiple technologiesAgricultural developmentSmall and medium-sized enterprises (SME) development

Funded by

UK - Foreign, Commonwealth and Development Office

Implemented by

Acumen

Accountable

Carbon Trust Advisory Ltd

Published by Acumen to the International Aid Transparency Initiative (IATI), last updated 25 Aug 2025 and imported automatically. IATI identifier: US-EIN-134166228-GB-COH-06274284-GB-COH-06274284-TEA-Acumen_PEII_032023.

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