The company has had two successful exits to date. , Tobias Ruckstuhl, managing partner of Persistent, said in a statement that the company will use the resources to accelerate its growth in Sub-Saharan Africa in a quest to promote the adoption of clean energy options and technologies in the continent. The company also said it will use the new funding to strengthen its team. In Africa, these companies include Solar Works, which is a decade-old business which offers a wide range of solar products including Solar Homes Systems, its key offering that powers homes in Southern Africa.