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Planet42 Raises $100 Million to Scale Its Vehicle Rental Offering in South Africa and Mexico
South Africa-based mobility startup, Planet42 has raised $100 million in equity and debt funding to scale its operations in South Africa and Mexico.
- Categories
- Transportation
- Region
- Global
- Tags
- innovation, startups, transportation
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A Roadmap to Modern Energy in Rural Africa: How Minigrids Are Poised to Power the Region’s Economic Growth
Universal electrification is the key to unlocking sub-Saharan Africa's vast potential. But according to Brad Mattson at Husk Power Systems, despite the growing consensus that solar minigrids are the key to providing modern electricity in rural Africa, scale remains elusive in the continent's minigrid industry. In the aftermath of Husk's recent announcement that it has become the first rural minigrid developer to achieve profitability, Mattson explores the roadmap he and his fellow Husk executives have created, which defines a clear pathway to profitability and scale for the industry.
- Categories
- Energy
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AfricaGoGreen Fund Closes US $47 Million in New Equity Investments to Advance Climate Resilience in Africa
The funding will allow AGGF to broaden its financing for climate-friendly projects in Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Acumen Invests in SokoFresh to Reduce Post-Harvest Losses for Farmers
Acumen’s investment aims to support SokoFresh in building out dozens more units, impacting the lives of thousands of farmers.
- Categories
- Agriculture, Energy, Social Enterprise, Technology
- Region
- Global
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Drone Startup Garuda Aerospace raises $22 million funding in Series A Round
The funds will be utilised to scale up and expand the company’s operations. A part of the funds will be used for R&D thus accelerating the development of building advanced drone solutions.
- Categories
- Agriculture, Investing
- Region
- Asia Pacific
- Tags
- innovation, startups
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Partech Africa II Reaches First Close at Whopping $262 Million
The fund will provide $1 million to $15 million initial tickets from seed to growth to support entrepreneurs who use a combination of technology and operations.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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$2 Million-Backed Ouranos Lab Launches to Develop Innovative Enterprise Solutions Out of Africa
Ouranos Lab is a venture studio focused on building the products and solutions that will power the future of enterprise technology in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Interview: This Online Platform Is Helping Relief Agencies Send Cash Aid to Rural Somalia
Hormuud Telecom is helping donors reach millions of Somali residents engulfed by hunger and starvation, while eliminating the fear of terrorist attacks.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa