TotalEnergies led the equity portion of a round bringing the off-grid energy provider’s total debt and equity financing to over $270m.

Tanzania-based distributed electricity provider Zola Electric raised $90m in an equity and debt round led by oil and gas producer TotalEnergies’ corporate venturing arm, TotalEnergies Ventures, TechCrunch reported yesterday, citing a company statement. The $45m equity portion was filled out by DBL Partners, Helios Investment Partners, Vulcan Capital, Electron Capital Partners and Lyndon and Peter…

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