Paris-Based Koolboks Closes $2.5M Seed Round To Scale Solar Refrigeration Across Africa
Amount Raised
$2.5 Million
Round Type
Seed
NigeriaEnergyDescription
The power grid supply in Africa is erratic and inconsistent, affecting rural and urban households and businesses. For restaurants or neighborhood stores dealing with perishables, frozen foods and beverages, having intermittent electricity inhibits the growth of their businesses. Some of them turn to diesel-fueled generators, which are expensive and toxic, to provide electricity.
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