NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

A South African black empowered female-owned SME, I-G3N, which develops lithium-ion batteries, has successfully raised $1.3 million in investment.

I-G3N, the only black empowered female-owned SME to successfully develop lithium-ion batteries specifically for the African continent, received the investment from Edge Growth and the ASISA ESD initiative.

Recognising I-G3N’s capability in designing, developing and manufacturing battery energy storage systems, Edge Growth and the ASISA ESD initiative have partnered with Secha Capital, an impact fund manager that shares a common vision of creating value via financial returns, job creation, funding of South African black-owned businesses and positive environmental outcomes.

Photo courtesy Finnrich.