Ghana-based energy startup Kofa secures $8.1m to expand across East and West Africa
- Kofa secured $8.1 million in a pre-Series A funding round.
- The funding includes $3.25 million in equity, $4.315 million in debt, and $590,000 in grants.
- E3 Capital and Injaro Investment Advisors co-led the funding round.
Kofa's innovative approach to battery-swapping and commitment to clean energy solutions positions it as a key player in the renewable energy sector in Africa. The significant funding raised reflects investor confidence in the company's potential to drive economic impact and sustainability. However, the success of Kofa's expansion will depend on its ability to navigate the challenges of scaling operations and building partnerships in diverse urban environments.
