Ghana's Kofa to expand battery swapping system to Kenya, Togo

STARTUP VENTURE CAPITALJune 4, 2024 at 10:57 PM UTC

TLDR

Ghanaian startup Kofa to expand battery-swapping service to Kenya and Togo, aiming for sustainable energy future.
Kofa's high-capacity battery system, Kore2, facilitates over 100,000 battery swaps annually in Ghana.
Partnership with TAIL-G to introduce Jidi e-motorcycle for African market, enhancing clean energy adoption in the region.

Ghanaian startup Kofa, a pioneer in battery network solutions, is set to expand its battery-swapping service to Kenya and Togo. Kofa aims to establish an affordable, customer-focused electricity network powered by portable batteries and renewable energy.

Its high-capacity battery system, Kore2, and battery swapping network are key components in promoting a sustainable energy future in West Africa. Currently, Kofa's expanding network in Ghana supports over 100,000 battery swaps annually, easing the transition to clean energy.

Partnering with TAIL-G, a renowned e-motorcycle manufacturer, Kofa has designed the Jidi e-motorcycle, specifically tailored for the African market. This expansion is poised to bolster clean energy adoption across the region.

Points clés à retenir

Kofa began its operations in 2021 with the Volta motorcycle, deploying 40 units across Accra to gather market insights. The second version, the Jidi, has seen more extensive deployment since January, with over 10 charging stations, 500 Kore2 batteries, and 150 Jidis. Supported by seed funding from Shell Foundation, the UK's Foreign, Commonwealth & Development Office (FCDO), Wangara Green Ventures, and Mercy Corps Ventures, Kofa is expanding its innovative battery swapping and electric motorcycle solutions. These efforts aim to foster sustainable energy practices and enhance the adoption of clean energy in West Africa.

Kofa

Ghana

TAIL-G

Battery Swap

Kore2

Wangara Green Ventures

Mercy Corps Ventures