Inspired Evolution

Inspired Evolution is a private equity and venture capital firm founded in 2007 and based in Cape Town, South Africa, with additional offices in Mauritius, Ivory Coast, Kenya, and the United Kingdom. The firm specializes in investments in clean energy and resource efficiency, focusing on sectors such as renewable energy generation, waste management, water purification, and sustainable agriculture. Inspired Evolution targets companies in the Southern African Development Community, particularly in Sub-Saharan Africa, with a strong emphasis on nations like Ethiopia, Ghana, and Nigeria. The firm typically invests between $1.4 million and $14 million in companies with enterprise values ranging from $1.34 million to $15 million, aiming to acquire significant minority or majority stakes and often seeking board representation. Inspired Evolution also provides advisory services to its portfolio companies, emphasizing sustainable practices that align with social equity and ecological integrity.

Mike Brooks

CEO

Christopher Clarke

Managing Partner and Co-Founder

Wayne Keast

Managing Partner

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 Energy

Venture Round in 2022
ManoCap Energy specializes in financing, constructing, and managing commercial and industrial energy systems across Africa. Established in 2006 and headquartered in Accra, Ghana, with an additional office in Freetown, Sierra Leone, the company designs renewable energy solutions, including solar, hydro, and biofuel systems, allowing clients to implement these projects without any upfront capital investment. In addition to financing, ManoCap Energy provides comprehensive technical support throughout the installation and operational phases, enabling clients to concentrate on their primary business objectives while effectively reducing energy costs and minimizing their environmental impact.

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 is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.

SolarAfrica

Venture Round in 2019
SolarAfrica provides solar finance solutions through a power purchase agreement. The CAPEX-free solution encourages businesses to go green with the advantage of reducing electricity costs. Their strive to make saving with solar simple and accessible. The solar solution enables business owners to reduce monthly electricity costs and become more sustainable organizations. Offer a finance solution that delivers savings to businesses. solar service provides peace of mind that the system on the roof is always maintained, monitored, insured, and performing at its optimum to provide customer savings. Benefits of no CAPEX investment, maintenance, and operations included, insurance included, reduced electricity bills, performance monitoring, and renewable energy.

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.

DeAar Solar

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

Gibson Bay Wind Farm

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

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

AFPOC

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

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.

SlimSun Too

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

Abagold

Venture Round in 2010
Abagold is a seafood hatchery specialized in the cultivation of Abalone and provides live, canned, and processed abalones.

EnviroServ

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.
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