Persistent is a venture capital firm established in 2012 and based in Nairobi, Kenya. The company specializes in investing in and developing businesses in underserved markets, with a particular emphasis on early-to-growth-stage enterprises in sectors such as climate, renewable energy, e-mobility, agricultural technology, solar, and water. Persistent aims to provide operational and strategic support to exceptional entrepreneurs, facilitating access to essential services for low-income households, particularly in sub-Saharan Africa. The firm focuses on initiatives that enhance energy access, enabling customers to benefit from electric light, mobile phone charging, and other basic energy services. Through its venture-building model, Persistent seeks to generate both attractive financial returns and significant social and environmental impact.
Altech Group is focused on increasing access to clean, renewable, and affordable energy for households that are either off-grid or have limited access to electricity. The company develops cost-effective renewable energy products, including solar home systems, solar lamps, and cookstoves, which empower off-grid customers to power various appliances. By offering these solutions, Altech aims to help customers save money, utilize sustainable energy sources, and enhance environmental outcomes.
EcoNetix
Seed Round in 2024
EcoNetix provides a comprehensive solution for ensuring accurate and transparent data while actively contributing to the development of a greener planet and the fulfillment of UNIDO's Sustainable Development Goals.
Circadian Technologies GmbH
Seed Round in 2023
Circadian Technologies is a developer of a decentralized energy management platform aimed at accelerating the energy transition in frontier markets. The company offers a Software-as-a-Service (SaaS) solution that enables solar developers and energy service companies to optimize their operations and enhance profitability. By capturing data from multiple sources at a high frequency, Circadian's platform performs edge calculations and integrates this information into the cloud, providing clients with actionable insights. The company's proprietary Internet-of-Things hardware complements the software, delivering an end-to-end solution that improves the design, financing, operation, and maintenance of decentralized renewable energy systems for commercial and industrial sites.
Beacon Power Services
Seed Round in 2022
Beacon Power Services, founded in 2013 and based in Lagos, Nigeria, specializes in energy management solutions for commercial and industrial facilities. The company employs a data-driven approach, utilizing its AI-enabled grid management platform, Adora, to provide real-time visibility into network performance for power distribution companies. This software connects to utility assets and customer nodes, enabling energy providers to anticipate outages, identify network losses, and enhance electricity distribution efficiency. Beacon Power Services develops comprehensive power generation and management plans tailored to clients' specific needs, incorporating generator resizing, peak shaving, automation, appliance upgrades, and renewable generation installations. The company's mission is to improve the quality and reliability of electricity supply in African cities by building smart grids and addressing inefficiencies in electricity distribution systems, ultimately reducing energy costs for its clients.
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
Hohm Energy
Venture 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.
Ecobodaa
Venture Round in 2021
Ecobodaa is a platform that offers electric motorbike hailing services aimed at providing an eco-friendly mode of transportation. The company targets bodaboda riders by offering an affordable lease-to-own credit model, which allows them to access electric motorbikes equipped with anti-theft GPS trackers. This approach not only promotes sustainable transportation but also enables riders to own their vehicles over time, making it a financially viable option for many. Through this innovative service, Ecobodaa seeks to meet the growing demand for efficient and environmentally friendly transportation solutions.
TRí
Venture Round in 2021
TRí develops and sells electric vehicles, batteries, storage and charging systems.
CarbonClear
Venture Round in 2021
CarbonClear is a Copenhagen-based company that offers an online platform focused on reducing carbon emissions through an off-grid solar program. Founded in 2018, it specializes in Solar Home Systems and solar off-grid installations, which are implemented by program partners in developing and emerging economies. The company leverages big data from carbon projects in underfunded communities to issue third-party verified and traceable carbon credits that are immediately accessible to global buyers. By promoting green energy solutions, CarbonClear enables organizations to effectively manage and reduce their carbon footprints.
Oolu
Series B in 2020
Oolu Inc. is a rapidly growing company specializing in solar home systems, providing installation, technical support, and maintenance services to households in West Africa, primarily from its base in Dakar, Senegal. With an additional office in San Francisco, the company aims to deliver affordable and reliable energy solutions to off-grid communities, particularly in rural and peri-urban areas. Oolu's solar home systems typically include adjustable lighting and USB charging capabilities, powered by batteries with a six-hour charge capacity. The company employs a monthly payment model to minimize financial barriers for customers, ensuring access to modern energy solutions while incorporating maintenance and battery replacement services. By fostering trust within local communities, Oolu strives to enhance energy access and improve the quality of life for its users.
upOwa
Series A in 2019
upOwa is a social business focused on providing innovative solar home systems to off-grid communities in Africa, aiming to deliver clean and affordable electricity. By offering an alternative to traditional energy sources like candles and kerosene lamps, upOwa's solutions not only eliminate pollution and health risks but also foster significant social and economic improvements within these communities. The company's approach combines financial viability with environmentally friendly practices, promoting sustainable development and empowering local populations.
Daystar Power
Series A in 2019
Daystar Power focuses on delivering solar power and energy efficiency solutions tailored for businesses in the commercial, industrial, and agricultural sectors. The company aims to provide affordable, reliable, and clean energy through solar hybrid power systems, which help clients significantly reduce power costs, diesel consumption, and pollution. Daystar Power offers its services through flexible payment options, including cash sales or monthly fees, allowing companies to achieve a stable power supply while minimizing their environmental impact.
ASOBO
Venture Round in 2019
ASOBO, founded in 2019 and based in Nairobi, Kenya, specializes in manufacturing electric outboard engines powered by lithium batteries, specifically designed for fishermen on Lake Victoria, East Africa. The company aims to create a sustainable platform for e-mobility in emerging markets by providing a full-service offering that allows fishermen to utilize clean energy at a lower cost. ASOBO's electric outboard engines promote environmentally friendly practices in the fishing industry, contributing to the reduction of carbon emissions while enhancing the efficiency and affordability of fishing operations.
Zonful Energy
Seed Round in 2018
Zonful Energy Pvt Ltd, founded in 2014 and based in Harare, Zimbabwe, specializes in providing affordable and reliable off-grid solar energy solutions. The company focuses on promoting energy access in off-grid areas by selling and installing modular, decentralized, and scalable solar home systems. These systems include solar panels, batteries, and a variety of appliances such as lights, radios, and televisions. By offering these clean energy products and services, Zonful Energy enables customers to save money while contributing to environmental sustainability through advanced energy management.
SolarWorks!
Venture Round in 2018
SolarWorks! specializes in the development, manufacturing, and marketing of high-quality solar solutions aimed at providing lighting and low voltage electricity in areas with limited or no access to electrical power. The company's innovative products harness solar energy to deliver reliable light and charge devices, significantly improving the quality of life for individuals in underserved regions. By focusing on sustainable energy solutions, SolarWorks! addresses the critical need for accessible electricity, enhancing everyday living conditions for its clients.
Zonful Energy
Corporate Round in 2018
Zonful Energy Pvt Ltd, founded in 2014 and based in Harare, Zimbabwe, specializes in providing affordable and reliable off-grid solar energy solutions. The company focuses on promoting energy access in off-grid areas by selling and installing modular, decentralized, and scalable solar home systems. These systems include solar panels, batteries, and a variety of appliances such as lights, radios, and televisions. By offering these clean energy products and services, Zonful Energy enables customers to save money while contributing to environmental sustainability through advanced energy management.
upOwa
Series A in 2018
upOwa is a social business focused on providing innovative solar home systems to off-grid communities in Africa, aiming to deliver clean and affordable electricity. By offering an alternative to traditional energy sources like candles and kerosene lamps, upOwa's solutions not only eliminate pollution and health risks but also foster significant social and economic improvements within these communities. The company's approach combines financial viability with environmentally friendly practices, promoting sustainable development and empowering local populations.
Altech
Venture Round in 2018
Altech Group is focused on increasing access to clean, renewable, and affordable energy for households that are either off-grid or have limited access to electricity. The company develops cost-effective renewable energy products, including solar home systems, solar lamps, and cookstoves, which empower off-grid customers to power various appliances. By offering these solutions, Altech aims to help customers save money, utilize sustainable energy sources, and enhance environmental outcomes.
EcoEnergy
Venture Round in 2018
EcoEnergy is a solar energy company that focuses on providing pay-as-you-go electricity services to off-grid rural communities in Pakistan. By utilizing solar technology, the company aims to deliver essential lighting and power solutions to households and small businesses that lack reliable access to electricity. EcoEnergy’s innovative distribution networks enable users to power lights, cell phones, fans, and televisions, thereby improving the quality of life for individuals in underserved areas. Through its commitment to renewable energy, EcoEnergy seeks to enhance access to clean electricity and support sustainable development in remote regions.
Mines
Venture Round in 2018
Mines.io, Inc. is a financial analytics company that operates a platform focused on mobile data. Its flagship product, Mteka, is an in-memory analytics solution capable of processing vast amounts of mobile carrier data rapidly, allowing for the creation and deployment of predictive models in real time. The company's services are designed to assist mobile operators in monetizing their data while enabling financial institutions to expand their customer reach. Among its offerings are a credit scoring service that evaluates consumer credit risk based on mobile behavior, a fraud detection system that identifies suspicious activities in real time, and behavior modeling tools that enhance customer identity verification. Additionally, the company employs risk analysis and machine learning techniques to help insurance providers tailor premiums based on consumer risk profiles. Founded in 2013 and based in San Francisco, Mines.io aims to leverage mobile data to improve financial services and consumer access to credit.
Candi
Venture Round in 2018
Candi is a solar company that specializes in small-scale commercial and industrial rooftop solar battery solutions. It offers installation and operational services to help clients harness solar energy effectively. By providing solar and storage services at competitive prices, Candi enables businesses and individuals to reduce their energy costs while simultaneously lowering their carbon footprint. The company's focus on delivering long-term value and liquidity supports a sustainable energy transition for its clients.
Oolu
Series A in 2017
Oolu Inc. is a rapidly growing company specializing in solar home systems, providing installation, technical support, and maintenance services to households in West Africa, primarily from its base in Dakar, Senegal. With an additional office in San Francisco, the company aims to deliver affordable and reliable energy solutions to off-grid communities, particularly in rural and peri-urban areas. Oolu's solar home systems typically include adjustable lighting and USB charging capabilities, powered by batteries with a six-hour charge capacity. The company employs a monthly payment model to minimize financial barriers for customers, ensuring access to modern energy solutions while incorporating maintenance and battery replacement services. By fostering trust within local communities, Oolu strives to enhance energy access and improve the quality of life for its users.
Catalyst enable.digital
Venture Round in 2017
Catalyst enable.digital AG, founded in 2017 and headquartered in Zurich, Switzerland, specializes in information technology advisory and implementation services. The company addresses the data and IT challenges faced by high-growth social impact ventures. It offers a range of services including IT setup, consulting, design, implementation, and ongoing support and maintenance. Catalyst enable.digital serves various sectors such as financial accounting, customer service, credit portfolio management, sales, distribution, inventory management, solar energy, and business intelligence. The firm also develops digital technology and data management systems that facilitate seamless operations through secure data storage solutions, helping clients manage their data effectively and cost-efficiently.
BOS Balance of Storage Systems
Venture Round in 2016
Balance of Storage Systems AG is a high-tech start-up focused on renewable energy solutions for both off-grid and on-grid applications. The company manufactures and supplies energy storage systems specifically designed to enhance decentralized energy supply. Its innovative approach centers on lithium-lead hybrid charging technology for solar systems, which supports intelligent load management. This technology aims to provide long-lasting and cost-effective energy services, particularly benefiting rural and semi-urban areas, as well as industrial markets. By emphasizing renewable energy, Balance of Storage Systems contributes to the advancement of sustainable energy access.
Rensource
Venture Round in 2016
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.
Devergy
Seed Round in 2015
Devergy is a social energy utility that focuses on delivering reliable and affordable electricity services to low-income populations in developing countries, particularly in off-grid rural villages. The company operates village-sized energy micro-grids powered by solar energy, allowing households and businesses to access electricity. By utilizing adaptive capacity and regular monitoring, Devergy ensures that its energy services are sustainable and accessible, ultimately enabling communities to benefit from affordable electricity. Based in Ghana, the company aims to improve the quality of life for its customers by providing essential energy solutions.
PEG
Pre Seed Round in 2015
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.
Bboxx
Venture Round in 2014
Bboxx, established in 2010 and headquartered in London, specializes in designing, manufacturing, and distributing plug-and-play solar systems. The company's product range includes solar home systems, remote monitoring products, portable lights, radios, LED TVs, and phone chargers, along with installation and maintenance services. Bboxx serves customers in the UK and internationally through a network of distributors, focusing on enhancing access to energy in developing countries, particularly in Africa. The company aims to provide a western energy experience off-grid and in rural areas, combining access to electricity with superior customer service.
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