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.

The substantial valuation was driven by a consortium of investors, including Commerz Ventures, Norrsken22, Fluent Ventures, Proof VC and pan-African early-stage investors CRE Venture Capital and Janngo.africa Capital. The funding injection will fuel Sabi’s expansion plans, enhance its technological infrastructure, and bolster its market presence across multiple African countries.

Sabi’s platform seeks to revolutionize how B2B transactions are conducted in Africa, providing a seamless digital marketplace for buyers and sellers to connect, negotiate, and trade goods and services. By leveraging technology and economies of scale, Sabi has successfully transformed the traditional B2B landscape, simplifying complex procurement processes and streamlining supply chains for businesses of all sizes.

The new funding will enable Sabi to develop its platform further, enhancing its features and user experience. Additionally, Sabi plans to invest significantly in its logistics network and expand its reach to underserved regions, ensuring that businesses across Africa can access a reliable and efficient B2B e-commerce ecosystem. The success of Sabi reflects the increasing investor interest in African startups and highlights the untapped opportunities within the B2B e-commerce space.