Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Ride-hailing giant Uber is reportedly in talks to invest up to $100 million in Moove, a Nigerian vehicle financing platform, according to Bloomberg.
Catalyst Fund, an impact investor supporting early-stage climate tech startups in Africa, has announced a $1.8 million investment in nine promising ventures across the continent.
Egyptian fintech Zeal has secured a $4 million investment, led by Raed Ventures and Cur8 Capital.
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