Dynamiss Investment Readiness

CHALLENGE 

Many households in Mozambique lack affordable, reliable, sustainable, and modern energy access. According to the World Bank, in 2020, only 5% of the rural population had access to electricity. Dynamiss has built a last-mile distribution network of solar home systems on pay-as-you-go having reached 9,000 households in the last five years. However, to scale up its operations and reach its ambitious target of an additional 60,000 households in the next five years, Dynamiss requires debt and equity financing.

SOLUTION 

Advance Consulting provided investment readiness and fundraising support to Dynamiss through the BRILHO programme, which seeks to catalyse Mozambique’s off-grid energy market. The technical assistance included developing a business plan, improving the financial model, introducing Dynamiss to investors, and leading the follow-up discussions with investors.

RESULTS 

After the support provided, Dynamiss is well positioned to secure enough debt financing to sustain its growth until mid-2023 and has the key documentation in place. 

• Dynamiss has a business plan that will guide its strategy and growth plan for the next 5 years.
• The financial model was modified and improved to reflect the new business strategy.
• A pitch deck was developed to provide the company with a short teaser for approaching new investors.
• Dynamiss received 2 large debt investments from Atradius and SIMA EARF. The investment will allow Dynamiss to finance its inventory and increase its distribution capabilities.

SUSTAINABILITY

After a successful first phase, Dynamiss expressed the need for support to continue engaging with investors, namely for equity investments. Advance Consulting will continue to support Dynamiss in identifying international and locally-based equity investors, advising on the negotiations (e.g., reviewing term sheets), and supporting in updating investor materials.