---
title: "Electrification Financing Initiative"
description: "ElectriFI, the Electrification Financing Initiative, is an EU-funded impact investment facility that finances early-stage private companies and projects focused on access to electricity and sustainable energy in emerging markets. It is managed by EDFI Management Company and was launched in 2016 as a joint project between the European Commission and the Association of European Development Finance Institutions, initiated by FMO. In Africa, ElectriFI invests at the early stage, including seed and other high-risk venture phases, with a focus on energy and utilities. Its disclosed activity shows a strong preference for sub-Saharan Africa, and its investment in MyJouleBox in Benin fits that regional and sector focus. The provided records show one disclosed round in Benin, a $2.0 million seed investment in MyJouleBox for PAYGO solar monitoring and operations for off-grid power. ElectriFI has also described its broader mission as helping viable businesses and projects create new or improved electricity connections and generation capacity from sustainable energy sources. Its portfolio disclosures indicate collaboration with co-investors, including Gaia Impact Fund in the MyJouleBox round."
canonical_url: "https://liners.com/investors/electrification-financing-initiative"
markdown_url: "https://liners.com/investors/electrification-financing-initiative.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/electrification-financing-initiative/favicon.png?v=1785329979555"
updated_at: "2026-09-07T03:01:42.326Z"
---

# Electrification Financing Initiative

ElectriFI, the Electrification Financing Initiative, is an EU-funded impact investment facility that finances early-stage private companies and projects focused on access to electricity and sustainable energy in emerging markets. It is managed by EDFI Management Company and was launched in 2016 as a joint project between the European Commission and the Association of European Development Finance Institutions, initiated by FMO. In Africa, ElectriFI invests at the early stage, including seed and other high-risk venture phases, with a focus on energy and utilities. Its disclosed activity shows a strong preference for sub-Saharan Africa, and its investment in MyJouleBox in Benin fits that regional and sector focus. The provided records show one disclosed round in Benin, a $2.0 million seed investment in MyJouleBox for PAYGO solar monitoring and operations for off-grid power. ElectriFI has also described its broader mission as helping viable businesses and projects create new or improved electricity connections and generation capacity from sustainable energy sources. Its portfolio disclosures indicate collaboration with co-investors, including Gaia Impact Fund in the MyJouleBox round.

## Breadcrumbs

- [Investors](/investors)
- [Electrification Financing Initiative](/investors/electrification-financing-initiative)

## Summary

ElectriFI, the Electrification Financing Initiative, is an EU-funded impact investment facility that finances early-stage private companies and projects focused on access to electricity and sustainable energy in emerging markets. It is managed by EDFI Management Company and was launched in 2016 as a joint project between the European Commission and the Association of European Development Finance Institutions, initiated by FMO. In Africa, ElectriFI invests at the early stage, including seed and other high-risk venture phases, with a focus on energy and utilities. Its disclosed activity shows a strong preference for sub-Saharan Africa, and its investment in MyJouleBox in Benin fits that regional and sector focus. The provided records show one disclosed round in Benin, a $2.0 million seed investment in MyJouleBox for PAYGO solar monitoring and operations for off-grid power. ElectriFI has also described its broader mission as helping viable businesses and projects create new or improved electricity connections and generation capacity from sustainable energy sources. Its portfolio disclosures indicate collaboration with co-investors, including Gaia Impact Fund in the MyJouleBox round.

## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| MyJouleBox | /myjoulebox | Seed | 2000000 | 2021-08-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

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- [Canonical HTML page](https://liners.com/investors/electrification-financing-initiative)
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- [Agent access guide](/llms.txt)