Inspired Evolution

Inspired Evolution, established in 2007, is a private equity firm headquartered in Cape Town, South Africa, with additional offices in Africa and Europe. The company specializes in investing in growth-stage companies operating in sustainable environmental and energy technologies sectors across Sub-Saharan Africa. It focuses on clean energy generation, resource efficiency, and other green industries, seeking to generate superior returns while promoting social equity, ecological integrity, and responsible economic growth. Inspired Evolution typically invests between $1.4 million and $14 million in companies with enterprise values between $1.34 million and $15 million, often taking a board seat and acquiring significant minority or majority stakes.

Monya Bassingthwaighte

Investment Director

Mike Brooks

CEO

Christopher Clarke

Managing Partner and Co-Founder

Steven Faure

Partner and Investment Director

Wayne Keast

Managing Partner

Joseph Mwaura

Principal

Anthony Ngugi

Investment Director

Brent Smit

Investment Associate

Steven Faure

Partne and Investment Director Southern African Region

Anthony Ngugi

Investment Director

24 past transactions

Equator Energy

Secondary Market in 2024
Equator Energy Ltd. is a Nairobi-based company founded in 2016 that specializes in designing, financing, supplying, installing, and operating hybrid solar plants for commercial and industrial users in Sub-Saharan Africa. The company focuses on providing both on-grid and off-grid solar solutions, particularly for remote mining and warehousing operations that rely on costly diesel power. By implementing these hybrid solar systems, Equator Energy aims to help businesses significantly reduce their electricity expenditure, contributing to more sustainable energy practices in the region.

Red Rocket South Africa

Venture Round in 2023
Red Rocket South Africa (Pty) Ltd, incorporated in 2011 and based in Cape Town, specializes in the development, design, construction, operation, and ownership of utility-scale, grid-connected renewable energy projects. Its portfolio includes various energy sources such as wind, solar, hydro, and biomass, and the company operates across multiple countries in Africa. As an integrated power plant, Red Rocket focuses on delivering clean energy solutions to meet the growing demand for sustainable energy in the region.

GENERALE DU SOLAIRE

Venture Round in 2022
GENERALE DU SOLAIRE specialized in developing, engineering, procurement, construction (EPC), financing and operating solar power plants.

ManoCap

Venture Round in 2022
ManoCap is a private equity firm established in 2006, headquartered in Freetown, Sierra Leone, with an additional office in Accra, Ghana. The company specializes in investing in small to mid-cap enterprises across various sectors, including agribusiness, healthcare, and renewable energy, with a focus on West Africa, particularly Sierra Leone, Liberia, and Ghana. ManoCap provides debt and equity investments ranging from $0.5 million to $5 million. Additionally, through its energy-focused subsidiary, ManoCap Energy, the firm offers energy management and financing services, designing and implementing renewable energy systems such as solar, hydro, and biofuel, with no upfront capital investment required from clients.

d.light

Venture Round in 2021
D.light is a developer of solar home lighting and power products aimed at making clean energy accessible and affordable for rural and semi-urban populations. The company's offerings include a range of solar-powered devices such as lights, radios, televisions, fans, and other home appliances, all of which are part of rechargeable solar kits. These products are designed to improve health, increase productivity, and enhance the overall quality of life for users by providing reliable and sustainable energy solutions.

Escotel

Series A in 2020
Escotel is an energy services company currently focused on Sub-Saharan Africa countries. Escotel provides energy services to mobile tower owners and operators, owning and operating decentralized renewable energy infrastructure across Africa

GigaWatt Global

Venture Round in 2020
GigaWatt Global is a renewable energy infrastructure company focused on developing and managing utility-scale solar fields in emerging markets. The company aims to enhance energy sustainability and independence in the regions where it operates. To achieve this, GigaWatt Global collaborates with financial partners, governments, development groups, and institutions to create socially responsible investments. Through these efforts, the company seeks to accelerate the transition to renewable energy, helping emerging countries meet their energy needs while promoting sustainable practices.

Red Rocket South Africa

Venture Round in 2020
Red Rocket South Africa (Pty) Ltd, incorporated in 2011 and based in Cape Town, specializes in the development, design, construction, operation, and ownership of utility-scale, grid-connected renewable energy projects. Its portfolio includes various energy sources such as wind, solar, hydro, and biomass, and the company operates across multiple countries in Africa. As an integrated power plant, Red Rocket focuses on delivering clean energy solutions to meet the growing demand for sustainable energy in the region.

Rensource

Series A in 2019
Rensource Inc, established in 2015 and headquartered in Lagos, Nigeria, is a pioneering energy company that operates as a financial services business. It offers subscription-based solar power services to consumers and small businesses, generating electricity through small solar-hybrid systems installed on-site. Rensource provides tailored plans such as Go, Eco, Duplo, and Pro, catering to diverse energy needs. Central to its operations is an internal financing mechanism that funds these solar-hybrid systems and manages monthly collections from end-users. Rensource's mission is to transition Nigeria towards predominantly distributed, renewables-based power generation.

SolarAfrica

Venture Round in 2019
SolarAfrica specializes in providing solar finance solutions through power purchase agreements, enabling businesses to adopt renewable energy without upfront capital expenditure. Their approach encourages organizations to transition to solar energy by minimizing electricity costs while enhancing sustainability. SolarAfrica's service includes comprehensive maintenance and monitoring of solar systems, ensuring optimal performance and customer savings. By offering a CAPEX-free solution that covers maintenance, operations, and insurance, the company allows businesses to focus on their core activities while benefiting from reduced electricity bills and improved energy management. Additionally, SolarAfrica aims to enhance energy security and support organizations in reducing their carbon footprint.

d.light

Series E in 2018
D.light is a developer of solar home lighting and power products aimed at making clean energy accessible and affordable for rural and semi-urban populations. The company's offerings include a range of solar-powered devices such as lights, radios, televisions, fans, and other home appliances, all of which are part of rechargeable solar kits. These products are designed to improve health, increase productivity, and enhance the overall quality of life for users by providing reliable and sustainable energy solutions.

Alten Renewable Energy

Venture Round in 2018
Alten Renewable Energy is an independent power producer focused on solar energy. The company engages in the development, financing, engineering management, construction, and operation of solar photovoltaic power plants. By generating electricity through this technology, Alten Renewable Energy aims to promote solar energy usage and assist governments in enhancing their solar energy consumption. It sells the electricity produced by its plants over the long term, contributing to a more sustainable energy landscape.

SIRAC

Venture Round in 2013
SIRAC is a distributor and marketer of energy-saving products for a broad range of commercial hot water heating applications and allied industries.

Gibson Bay Wind Farm

Venture Round in 2013
Gibson Bay Wind Farm is a wind power project that provides renewable energy.

DeAar Solar

Venture Round in 2013
DeAar Solar assists in renewable, cost-effective, pollution-free, clean energy production.

AFPOC

Venture Round in 2012
AFPOC is a provider of clean energy infrastructure.

SlimSun Too

Venture Round in 2012
SlimSun Too is a 5-megawatt photovoltaic solar project.

Kouga Wind Farm

Venture Round in 2012
Kouga Wind Farm is located on the Eastern Cape coastline of South Africa and focuses on generating clean electrical energy. This facility has the capacity to produce approximately 300 GWh of renewable energy each year, which meets the annual energy consumption needs of about 50,000 average households. In doing so, Kouga Wind Farm contributes significantly to environmental sustainability by preventing the release of over 290,000 metric tons of CO2 emissions annually.

SlimSun Too

Venture Round in 2011
SlimSun Too is a 5-megawatt photovoltaic solar project.

Demeter

Venture Round in 2011
Demeter is an agri-networking platform where farmers connect, collaborate, and share knowledge and experiences. It focuses on operating an organic urea fertilizer plant which uses human sludge to manufacture organically enhanced nitrogen-based fertilizer and reduces the impact of traditional fertilizer on groundwater and the environment.

RUSTMO1

Venture Round in 2011
RUSTMO1 is a 7 MW solar PV facility that provides improvements to the local infrastructure through uninterrupted power during daylight hours, reduces carbon footprint, and promotes socio-economic development.

EnviroServ Holdings

Venture Round in 2010
EnviroServ is a waste management solutions provider that offers comprehensive services across various industries, including automotive, power generation, textile, food, commercial, and retail. The company specializes in landfill waste management, contaminated land remediation, and legacy stockpile management. Additionally, EnviroServ provides garbage collection and handles both municipal and hazardous waste services. By focusing on reducing environmental risks, EnviroServ supports its clients in meeting their containment management and cleanup requirements. With a strong presence in South Africa and beyond, EnviroServ has established itself as a trusted and preferred partner in the waste management sector.

Red Cap Energy

Venture Round in 2010
Red Cap Energy is a renewable energy project developer based in Cape Town, South Africa. The company specializes in generating clean energy through its wind power plants, contributing to the shift towards sustainable energy solutions. By focusing on wind energy, Red Cap Energy aims to support the transition to greener energy sources and reduce reliance on fossil fuels.

Abagold

Venture Round in 2010
Abagold is a seafood hatchery and commercial abalone farm located in New Harbour, South Africa. The company specializes in the cultivation of various abalone species and operates a hatchery along with canning and processing facilities. Abagold is committed to sustainable and environmentally compliant practices in its aquaculture operations, allowing it to effectively cultivate, process, and market high-quality abalone products. Through these efforts, the company serves East Asian markets, providing live, canned, and processed abalone, which are valued for their nutritional benefits.
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