Persistent

Persistent is a venture capital firm established in 2012 and based in Nairobi, Kenya. The firm specializes in investing in early-to-growth-stage companies, particularly in underserved markets. It focuses on sectors such as climate, renewable energy, e-mobility, agricultural technology, solar energy, and water. Persistent provides both financial capital and operational support to exceptional entrepreneurs, aiming to generate attractive financial returns while creating lasting social and environmental impacts. One of its initiatives, Persistent Energy Partners, is dedicated to improving access to basic energy services for off-grid households in sub-Saharan Africa, offering essential services like electric light, mobile phone charging, and Internet connectivity. Through its venture-building model, Persistent seeks to incubate businesses that adopt a commercial approach to meet the needs of low-income customers.

Thomas Gallas

Principal and Venture Builder

Jens Godat

COO and Partner

Toukam Ngoufanke

Principal and Venture Builder

Eva Stolz

Venture Builder

Olu Verheijen

Partner

15 past transactions

Beacon Power Services

Seed Round in 2022
Beacon Power Services is a company based in Lagos, Nigeria, specializing in energy management solutions for commercial and industrial facilities. Founded in 2013, the company develops comprehensive power generation and management plans by utilizing real-time electricity usage data. This approach allows for optimal generator sizing, peak shaving, and the implementation of automation and appliance upgrades. Additionally, Beacon Power Services focuses on electrical redesign, process management, and the installation of renewable energy sources, particularly solar projects, to enhance energy efficiency and reduce costs. The company's software also monitors diesel generator performance, helping clients eliminate diesel pilferage and further decrease energy expenses.

Hohm Energy

Seed Round in 2022
Hohm Energy is an online marketplace based in Gauteng, South Africa, founded in 2021. The company specializes in facilitating the adoption of solar energy by connecting customers with accredited solar providers, product suppliers, and financiers. Its platform offers a comprehensive solar purchasing experience, utilizing scalable technology to manage the entire transition process. This includes scoping solutions, overseeing installations, and providing ongoing operations and maintenance support. By building a global solar network, Hohm Energy aims to promote the transition to renewable energy and contribute to a lower-carbon future.

Solar Taxi Ghana

Venture Round in 2022
Solar Taxi Ghana provides transportation services that ensure a clean and sustainable environment using renewable energy at competitive prices. They also provide B2B, and B2C courier services for food, clothes, electronics, packages, and more. They serve a ride hailing platform that is serviced solely by electric vehicles

Ecobodaa

Venture Round in 2021
Ecobodaa is a platform specializing in electric motorbike hailing services, primarily aimed at providing an eco-friendly transportation option. The company operates on a lease-to-own credit model, making it accessible and affordable for bodaboda riders. This model not only allows riders to acquire electric motorbikes with ease but also promotes sustainable transportation through zero emissions. Additionally, Ecobodaa enhances the security of its vehicles by equipping them with anti-theft GPS trackers, ensuring safety for both the riders and their clients. Through these initiatives, Ecobodaa is committed to transforming the local transportation landscape while supporting environmentally friendly practices.

Oolu

Series B in 2020
Oolu Inc. is a solar energy company based in Dakar, Senegal, with an additional office in San Francisco, California. It specializes in providing solar home systems, technical support, and maintenance services to households in West Africa, particularly targeting off-grid communities in rural areas. Oolu's offerings include installations of solar systems that feature adjustable lights and USB charging capabilities, powered by rechargeable batteries. The company employs a monthly payment model, which makes energy access more affordable for customers while also ensuring ongoing maintenance and support. By fostering trust within local communities, Oolu aims to enhance the quality of life for its clients by providing them with reliable and sustainable energy solutions.

Oolu

Series B in 2020
Oolu Inc. is a solar energy company based in Dakar, Senegal, with an additional office in San Francisco, California. It specializes in providing solar home systems, technical support, and maintenance services to households in West Africa, particularly targeting off-grid communities in rural areas. Oolu's offerings include installations of solar systems that feature adjustable lights and USB charging capabilities, powered by rechargeable batteries. The company employs a monthly payment model, which makes energy access more affordable for customers while also ensuring ongoing maintenance and support. By fostering trust within local communities, Oolu aims to enhance the quality of life for its clients by providing them with reliable and sustainable energy solutions.

upOwa

Series A in 2019
upOwa SAS is a company focused on providing solar electricity solutions to off-grid communities, particularly in Africa. Founded in 2014 and headquartered in Jarrie, France, with an additional office in South Africa, upOwa develops, installs, and distributes solar products such as home systems, lamps, and mobile phone chargers. These products offer an affordable alternative to traditional energy sources like candles and kerosene lamps, promoting clean energy access in rural areas. By delivering innovative and sustainable solutions, upOwa aims to drive social and economic improvements within these communities while ensuring environmental sustainability.

Daystar Power

Series A in 2019
Daystar Power specialises in providing solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors that result in significant reduction of power costs, diesel consumption and pollution.

Zonful Energy

Seed Round in 2018
Zonful Energy Pvt (Ltd). sells and installs solar home systems in Zimbabwe. The company was founded in 2014 and is based in Harare, Zimbabwe.

SolarWorks!

Venture Round in 2018
SolarWorks! B.V. designs and develops solar products. The company offers solar home systems, roof light, power balls, and accessories. SolarWorks! B.V. was founded in 2007 and is based in Rotterdam, the Netherlands.

Zonful Energy

Corporate Round in 2018
Zonful Energy Pvt (Ltd). sells and installs solar home systems in Zimbabwe. The company was founded in 2014 and is based in Harare, Zimbabwe.

upOwa

Series A in 2018
upOwa SAS is a company focused on providing solar electricity solutions to off-grid communities, particularly in Africa. Founded in 2014 and headquartered in Jarrie, France, with an additional office in South Africa, upOwa develops, installs, and distributes solar products such as home systems, lamps, and mobile phone chargers. These products offer an affordable alternative to traditional energy sources like candles and kerosene lamps, promoting clean energy access in rural areas. By delivering innovative and sustainable solutions, upOwa aims to drive social and economic improvements within these communities while ensuring environmental sustainability.

Oolu

Series A in 2017
Oolu Inc. is a solar energy company based in Dakar, Senegal, with an additional office in San Francisco, California. It specializes in providing solar home systems, technical support, and maintenance services to households in West Africa, particularly targeting off-grid communities in rural areas. Oolu's offerings include installations of solar systems that feature adjustable lights and USB charging capabilities, powered by rechargeable batteries. The company employs a monthly payment model, which makes energy access more affordable for customers while also ensuring ongoing maintenance and support. By fostering trust within local communities, Oolu aims to enhance the quality of life for its clients by providing them with reliable and sustainable energy solutions.

Oolu

Series A in 2017
Oolu Inc. is a solar energy company based in Dakar, Senegal, with an additional office in San Francisco, California. It specializes in providing solar home systems, technical support, and maintenance services to households in West Africa, particularly targeting off-grid communities in rural areas. Oolu's offerings include installations of solar systems that feature adjustable lights and USB charging capabilities, powered by rechargeable batteries. The company employs a monthly payment model, which makes energy access more affordable for customers while also ensuring ongoing maintenance and support. By fostering trust within local communities, Oolu aims to enhance the quality of life for its clients by providing them with reliable and sustainable energy solutions.

Devergy

Seed Round in 2015
Devergy, a social energy utility, provides electricity services to low-income people in developing countries, including Tanzania. Its service is based on village-sized energy micro-grids, which provide solar power to households and businesses. The company is based in Ghana.
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