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Shift to electric rickshaws and motorcycles is drawing investors to emerging markets e-mobility opportunity
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Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
Founded in 2020 by two Kenyan engineers, Kim Chepkoit and Steve Juma, Ecobodaa aims to provide more affordable, safer, connected and environmentally-friendly means of transportation for commuters in African cities. It works on a rent-to-own model so that its riders can eventually own the electric-powered motorcycles.
Ecobodaa’s electric motorcycles are designed and assembled in Nairobi. The company propels every part of the customer experience, from motorcycle design, maintenance, and revenue collection, to battery swaps. The connected e-bodaboda is equipped with sensors that collect data needed to better serve the riders and for continuous improvement of their product offerings. The swappable battery technology and the high efficiency electric motor reduces the overall
January 14 2021 / Modified on January 14 2021 Daystar Power mobilizes $38 million from several development partners. The solar off-grid provider will use these funds to expand its activities in West Africa.
In West Africa, the rate of access to electricity is 52% on average, with power cuts of up to 80 hours per month, according to the World Bank’s
2018 report. Daystar Power, a Nigerian supplier of solar off-grids, has since been helping, along with other companies, to fill this gap. To increase the spread of its solution to households in West Africa, the company recently carried out a financial mobilisation that raised $38 million.
This round of financing was initiated by the Investment Fund for Developing Countries (IFU), a Danish development bank with the support of STOA, a French impact fund, and Morgan Stanley Investment Management. With these funds, Daystar Power intend
December 28 2020 / Modified on December 28 2020 Solar home systems supplier Oolu has just raised 8.5 million dollars for the distribution of its electricity access equipment in West Africa. The funds were obtained from RP Global, All On, Persistent Energy Capital, Gaia Impact Fund and DPI Energy Venture.
It’s a gamble won for Oolu. The solar home systems provider is raising $8.5 million in a Class B fund raising to bring its electricity access solution to West Africa. The funds were raised from several investors, including RP Global, All On, Persistent Energy Capital, Gaia Impact Fund and DPI Energy Venture.
In rural and peri-urban areas of West Africa, the company, founded in 2015, distributes kits consisting of a solar panel and storage capacity to enable households to have electricity after dark. Its system also has terminals for recharging mobile phones. To date, the compa
Nigeria-Focused Energy Firm Closes $8 5 Million Investment Round
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