Inspired Evolution Investment Management

Inspired Evolution Investment Management is a Cape Town-based private equity and venture capital firm focused on sustainable environmental and energy technologies in Sub-Saharan Africa. It targets equity investments across multiple growth stages, often as a lead investor seeking significant minority or majority stakes and board representation. The firm concentrates on clean energy and resource efficiency, including energy generation, water treatment, waste management, green chemistry, and related sectors, with additional exposure to sustainable agriculture, ecotourism, and green real estate. The geographic focus spans Southern Africa and broader Sub-Saharan Africa, with activity in countries such as Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Tanzania, Uganda, Zambia and neighboring states. Inspired Evolution operates through a multidisciplinary team to deliver returns aligned with social and ecological outcomes, and maintains offices in Cape Town and internationally in Grand Baie, Mauritius; Abidjan, Ivory Coast; Nairobi, Kenya; and London, United Kingdom.

Monya Bassingthwaighte

Investment Director

Mike Brooks

CEO

Christopher Clarke

Co-Founder, Managing Partner, Executive Director and Investment Committee member

Steven Faure

Partne and Investment Director Southern African Region

Steven Faure

Partner and Investment Director

Wayne Keast

Co-Founder, Managing Partner, Executive Director and Investment Committee member

Joseph Mwaura

Principal

Anthony Ngugi

Investment Director

Anthony Ngugi

Investment Director

Brent Smit

Investment Associate

Past deals in Sub Saharan Africa

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.

ManoCap

Venture Round in 2022
ManoCap is a private equity firm focused on expansions, startups, management buyouts, pre-IPO and venture capital investments in West Africa. It makes debt and equity investments in small- to mid-cap enterprises across sectors including agribusiness, agriculture and agro-processing, sustainable fisheries, services, tourism, transportation, training, healthcare, sanitation, construction and building materials, light manufacturing and financial services, with a geographic emphasis on Sierra Leone, Liberia and Ghana. The firm, based in Freetown, typically targets investments ranging from 0.5 million to 5 million. ManoCap Energy is its energy management and financing arm in Africa, designing renewable energy solutions such as solar, hydro and biofuel, financing projects with no upfront capital, constructing and installing systems, and providing ongoing technical support; established in 2006, it operates from Accra with an office in Freetown.

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

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
Founded in 2015, Rensource offers subscription-based solar power services primarily for consumers and small businesses in Nigeria. The company generates electricity using small solar-hybrid systems installed on-site, providing flexible plans such as Go, Eco, Duplo, and Pro based on customers' energy needs.

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.

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.

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.
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