All On, an investment firm dedicated to expanding energy access for underserved and off-grid communities in Nigeria, has announced an additional $250,000 investment in ICE Solar Commercial Power Limited, a rapidly growing provider of Energy-as-a-Service solutions for small and medium-sized enterprises (SMEs) nationwide.

The follow-on funding, building on All On’s initial 2021 investment, reflects continued confidence in ICE Solar’s scalable business model and impact-focused strategy. The new capital will support the deployment of intelligent solar and battery systems, enabling thousands of SMEs to transition from expensive, polluting petrol generators to clean, reliable power.

According to a 2021 SMEDAN MSME survey, Nigeria’s SME sector accounts for 96.9% of all businesses, 87.9% of employment, and 46.3% of GDP. Yet many businesses still struggle with unreliable electricity, limiting productivity and increasing operational costs.

ICE Solar’s Energy-as-a-Service model provides a sustainable, pay-as-you-go solar solution tailored to the needs of small businesses. Its technology-driven approach enables efficient energy management, remote monitoring, and flexible payment options, making clean energy more accessible across the country.

Speaking at the signing ceremony, All On CEO Caroline Eboumbou said, “This follow-on investment reflects our commitment to supporting Nigerian companies delivering scalable clean energy solutions. SMEs are the backbone of our economy, and access to reliable energy is crucial to their growth. ICE Solar’s innovative model supports job creation, economic inclusion, and the energy transition.”

ICE Solar CEO Emmanuel Ekwueme added, “We’re excited by All On’s continued partnership. This investment will allow us to scale our intelligent solar and battery solutions, helping over 2,000 SMEs reduce energy costs, replace thousands of petrol generators, and move toward a low-carbon future. This partnership is a milestone for both ICE Solar and Nigeria’s renewable energy ecosystem.”

The investment strengthens All On’s portfolio of high-impact energy ventures and highlights its strategy to drive inclusive growth through sustainable energy, empowering SMEs and accelerating Nigeria’s shift to a low-carbon economy.