A Ghanaian startup focused on sustainable energy and electric vehicles, recently securing funding to expand its operations.
Same deals, $102 million less cash: Africa’s logistics and transport funding in Q1 2025
Thirteen logistics and mobility startups raised funding in Q1 2025, matching the number of deals from Q1 2024. Total funding for these startups plummeted to $44.9 million, a 69% decrease from the previous year's $146 million.
Kofa Secures $8M to Scale Battery Swapping and Power West Africa’s Clean Energy Future
Kofa secured $8 million through a special purpose vehicle to scale its battery-swapping infrastructure. The funding round was led by impact investor PASH Global, with support from the Shell Foundation and the UK Government.
Ghana-based energy startup Kofa secures $8.1m to expand across East and West Africa
Kofa secured $8.1 million in a pre-Series A funding round. The funding includes $3.25 million in equity, $4.315 million in debt, and $590,000 in grants.
Kofa raises $8.1 million to expand battery-swapping energy network
Kofa raised $8.1 million in pre-Series A funding to expand its battery-swapping infrastructure. The funding round was co-led by E3 Capital and Injaro Investment Advisors, with participation from Shell Foundation.
10 African Tech Companies to Watch in 2025
Flutterwave prepares for an IPO, potentially listing on the New York Stock Exchange in 2025. Kofa receives investment to expand its battery swapping stations in Ghana.
