An organization that supports transformative infrastructure initiatives in Africa, including investments in renewable energy.
EchoVC ran a $2.5 million climate-tech experiment. Here’s how it went.
EchoVC released a report on its $2.5 million Eco Pilot Fund, detailing its performance and impact. The Eco Pilot Fund was launched in partnership with Shell Foundation and UKAid to support African climate tech startups.
Solar cooling startup Koolboks raises $11 million to expand across Africa
Koolboks raised $11 million in Series A funding to expand its cooling-as-a-service business across Africa. The funding will support the establishment of a local assembly plant in Nigeria within the next 12–18 months.
Top Industries for CSR Grants in African Tech
Fintech sector raised $1.04 billion in CSR funding in 2024, focusing on financial inclusion. Women-led startups secured 8.2% of African tech funding in 2023, up from 2.8% in 2022.
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.
