Kofa, a dynamic startup based in Ghana, has secured funding to revolutionize the energy sector with its pioneering Battery-as-a-Service (BaaS) model.
In a bid to overcome the limitations of traditional energy storage systems, Kofa has set its sights on powering the nation’s future with a sustainable and innovative approach. Kofa’s game-changing BaaS model allows customers to access advanced battery technology without the hassle of upfront costs or ownership.
This transformative service allows residential and commercial clients to tap into the advantages of energy storage without bearing the burden of heavy capital investment. By proactively harnessing renewable energy sources, Kofa aims to bridge the gap between intermittent power supply and constant demand. Kofa’s recent funding round was led by Mercy Corps Ventures, Shell Foundation, UK’s FCDO (Foreign, Commonwealth & Development Office), and Wangara Green Ventures.
West African super app Gozem has raised $30 million in Series B funding to drive its expansion and enhance digital services across Francophone Africa.
Egyptian health-tech startup Rology has secured funding from the Philips Foundation under a new partnership.
TomorrowNow, a non-profit organization dedicated to enhancing climate resilience in Africa, has secured an additional $5 million grant from the Bill and Melinda Gates Foundation.
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