startups
-
NEWS
Kenyan Energy Startup Hydrobox Secures Sh 1.16bn To Scale Mini Grids
Kenyan energy startup, Hydrobox, has taken a big step in its vision to revolutionise rural electrification after securing $9 million (Sh 1.16bn) in debt financing from FMO, the Dutch entrepreneurial development bank. The funding targets to scale Hydrobox’s eight mini-grid projects in a bid to bring underserved communities affordable and sustainable energy. As part of Hydrobox’s mission to electrify remote…
Read More » -
ENERGY
German cleantech startup SpotmyEnergy raises €10.5m seed funding to accelerate energy efficiency for households
German energy startup SpotmyEnergy has secured fresh capital amounting to €10.5 million in a seed financing round. The round was led by Norrsken VC, the investment arm of the renowned Swedish Norrsken Foundation. Additionally, Vorwerk Ventures joins as a new investor alongside existing investor Picus Capital. The new funds will be used to meet product demand and further expand the…
Read More » -
NEWS
Areas partners with Plug and Play to strengthen its commitment to sustainability
Areas, a global player in Food & Beverage and travel retail, has launched ‘Areas for Change Challenge’ in collaboration with Plug and Play, to strengthen its commitment to sustainability. Areas is seeking for startups that develop innovative and sustainable solutions. The challenge aims to address the company’s needs and tackle issues in the Food & Beverage, Travel & Hospitality, and…
Read More » -
CLIMATE CHANGE
African Startups Urged to Adopt Climate-Resilient Business Models
Startups have now been urged to embrace climate-resilient business models in the African Tech Sector. This is according to the Ventures Platform landmark climate tech white paper entitled; ‘Innovating for a Sustainable Future: Leveraging Venture Capital and Startup Innovation to Combat Climate Change in Africa. Formally launched at the recently held Africa Prosperity Summit in Lagos, the paper explores how…
Read More » -
CLIMATE CHANGE
Money Flows Into Africa’s Climate Tech Startups
African climate tech startups are pulling in more money than ever before, overtaking fintech as the continent’s hottest investment sector. By September 2024, these startups had raised $413.9 million, making up a third of all startup funding in Africa. The shift shows investors are betting big on companies that tackle climate change while solving everyday problems. The numbers tell a…
Read More » -
NEWS
Sustainable Startups Selected to join Women In Tech KES 22 Million Programme
Standard Chartered and @iBizAfrica- Strathmore University have announced the latest inductees into their transformative ‘Women In Tech’ programme. This year’s Standard Chartered Women In Tech programme aims will bring together female entrepreneurs who are leveraging technology to spearhead sustainable startups that generate impact. In line with this objective, the aim for this year’s cohort is to enable these startups to…
Read More » -
NEWS
Plug and Play accelerateAZ announces new sustainability accelerator program
Plug and Play accelerateAZ, a program of the Arizona Commerce Authority (ACA), has announced a new Sustainability program that will support the growth of Arizona sustainability-focused startups. The new program, announced at the Plug and Play Silicon Valley Summit in Sunnyvale, California, will launch in Spring 2024. The accelerateAZ Sustainability program will support startups in the areas of renewable energy, water resiliency, sustainable…
Read More » -
CLIMATE CHANGE
Controlled environment agriculture startup Hippo Harvest announces $21m Series B funding to scale next-generation greenhouse platform
Hippo Harvest, a Controlled Environment Agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably-grown produce, has announced the close of its $21 million Series B funding round led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated in the round. The funding will be used to scale the company’s greenhouse operations and to…
Read More » -
SUSTAINABILITY
Excarta raises $2.5m seed investment round to commercialize AI for business-targeted weather forecasting
Excarta, the pioneer of commercializing AI for business-targeted weather forecasting, has completed its seed round of investment to commercialize its AI-driven weather forecasting platform. The platform, already functional and “real world” proven, enables businesses to easily, quickly and inexpensively access or produce highly accurate, high-resolution weather forecasts for the parameters they care about. These AI-driven weather forecasts can dramatically enhance…
Read More » -
MOBILITY
OX Delivers secures funding to roll-out affordable clean transport for Africa
OX Delivers, a UK-based emobility startup, has received a £1.2 million funding grant from Energy Catalyst as the company readies its next-generation affordable all-electric OX4 truck for production. The £1.2 million Energy Catalyst grant will fund the development of a sustainable energy infrastructure in Rwanda from which OX Delivers EV trucks will benefit from. OX Delivers is already providing reliable,…
Read More »