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.
24 past transactions
Equator Energy
Secondary Market in 2024
Equator Energy Ltd. is a solar energy company based in Nairobi, Kenya, established in 2016. It specializes in designing, financing, supplying, installing, and operating hybrid solar plants for commercial and industrial clients in Sub-Saharan Africa. The company's focus is on reducing electricity costs for users, particularly those reliant on costly diesel power in sectors such as mining and warehousing. Equator Energy provides both on-grid and off-grid solar solutions, enabling its clients to decrease their annual power expenses while contributing to sustainable energy practices in the region.
Red Rocket South Africa
Venture Round in 2023
Red Rocket South Africa, established in 2011 and headquartered in Cape Town, specializes in the development, design, construction, operation, and ownership of utility-scale grid-connected renewable energy projects across Africa. The company focuses on wind, solar, hydro, and biomass power generation, with operations spanning multiple countries on the continent.
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 providing clean energy solutions to rural and semi-urban populations. The company offers a range of solar goods, including lights, radios, televisions, fans, and other home appliances, all powered by rechargeable solar kits. By making these products accessible and affordable, D.light seeks to improve health, increase productivity, and enhance the overall quality of life for its users.
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 dedicated to promoting energy sustainability and independence in the regions it serves. The company specializes in developing and managing large-scale solar energy projects, with a focus on emerging markets. To achieve its goals, GigaWatt Global collaborates with financial partners, governments, development groups, and institutions to create socially responsible investments. By constructing and managing solar projects, the company helps emerging countries advance their renewable energy initiatives.
Red Rocket South Africa
Venture Round in 2020
Red Rocket South Africa, established in 2011 and headquartered in Cape Town, specializes in the development, design, construction, operation, and ownership of utility-scale grid-connected renewable energy projects across Africa. The company focuses on wind, solar, hydro, and biomass power generation, with operations spanning multiple countries on the continent.
Rensource
Series A in 2019
Rensource Inc, established in 2015 and headquartered in Lagos, Nigeria, is a unique energy company operating 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 customers' premises. Rensource provides tailored plans such as Go, Eco, Duplo, and Pro, catering to diverse energy needs. Central to its operations is an internal 'bank' that finances these systems and manages credit operations, underwriting and servicing monthly collections from final customers. 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 transition to renewable energy without upfront capital expenditure (CAPEX). The company's services include financing, delivering, and maintaining solar projects, which help organizations reduce monthly electricity costs and improve their carbon footprint. SolarAfrica offers a comprehensive solution that includes maintenance, operations, insurance, performance monitoring, and ensures that the solar systems are always functioning optimally to deliver savings. This approach allows businesses to become more sustainable while benefiting from reduced electricity bills and enhanced energy management.
d.light
Series E in 2018
D.light is a developer of solar home lighting and power products aimed at providing clean energy solutions to rural and semi-urban populations. The company offers a range of solar goods, including lights, radios, televisions, fans, and other home appliances, all powered by rechargeable solar kits. By making these products accessible and affordable, D.light seeks to improve health, increase productivity, and enhance the overall quality of life for its users.
Alten Renewable Energy
Venture Round in 2018
ALTEN Renewable Energy is an independent power producer focused on the development, financing, and operation of solar photovoltaic power plants. The company engages in the entire lifecycle of solar projects, encompassing engineering management, construction, and long-term electricity sales from the energy generated. By promoting solar energy, ALTEN Renewable Energy supports governments in enhancing their solar energy consumption and contributes to sustainable energy solutions.
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 a renewable energy facility located along the Eastern Cape coastline of South Africa, dedicated to generating clean electrical energy. The wind farm has the capacity to produce approximately 300 GWh of energy annually, which meets the consumption needs of around 50,000 average households. In its operations, Kouga Wind Farm significantly contributes to environmental sustainability by preventing the emission of over 290,000 metric tons of CO2 into the atmosphere each year. This commitment to clean energy aligns with global efforts to reduce carbon footprints and promote renewable resources.
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 Holdings is a waste management solutions provider that operates across various industries, including automotive, power generation, textiles, food, and retail, both in South Africa and internationally. The company offers a wide range of services, including landfill waste management, contaminated land and legacy stockpile management, garbage collection, and municipal and hazardous waste services. Through its comprehensive approach, EnviroServ enables clients to mitigate environmental risks and effectively manage containment and cleanup needs, establishing itself as a trusted partner in waste management.
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 growth of sustainable energy solutions. By focusing on wind energy, Red Cap Energy aims to address the increasing demand for renewable resources while promoting environmental sustainability.
Abagold
Venture Round in 2010
Abagold is a seafood hatchery located in New Harbour, South Africa, specializing in the cultivation of abalone. The company operates aquaculture farms and a hatchery, where it focuses on the sustainable and environmentally compliant production of multiple abalone species. Additionally, Abagold has a canning and processing facility that prepares live, canned, and processed abalone products. By prioritizing sustainable practices, the company enables East Asian markets to access high-quality nutritional abalone products.
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