Ghanaian company Kofa, which specializes in clean and portable battery solutions, is collaborating with impact investor PASH Global to enhance its battery-swapping network in Ghana. This initiative is bolstered by a £2.35 million investment from the Shell Foundation through its Transforming Energy Access platform. Additionally, Shell and TEA are contributing £1.4 million for Kofa’s e-bike asset financing, research on multi-use battery technology, and operational costs.
The aim is to promote cleaner energy access and reduce the reliance on noisy, polluting petrol generators that are common in urban areas. Kofa’s battery network will also reduce the need for petrol-powered motorcycles, contributing to cleaner air and a more sustainable environment.
On September 17th, Lord Collins of Highbury announced a significant clean energy project in Ghana, highlighting its role in fostering economic growth and strengthening UK-Ghana partnerships. The joint venture between Kofa and PASH will deploy 6,000 batteries and establish up to 100 battery swap stations throughout Ghana, providing clean energy access for electric motorcycles, homes, and small businesses that depend on petrol generators. PASH also plans to transition these stations to solar power, enhancing the project’s sustainability.
Preliminary analysis reveals that electric motorcycles in Ghana are already 20% cheaper to operate compared to petrol vehicles. As battery costs drop, these savings are expected to grow, encouraging the adoption of electric vehicles (EVs) across Africa.
With this support, Kofa and its partners are not only contributing to clean energy innovation in Ghana but are setting a model for the broader continent. Erik Nygard, CEO of Kofa Technologies, said, “This initiative is a significant step toward cleaner, more sustainable energy solutions in Ghana.” Jonathan Berman, CEO of Shell Foundation, echoed the sentiment, emphasizing the importance of scaling e-mobility solutions to millions of customers across Africa.
Stay well-informed and be the very first to receive all the most recent updates directly in your email! Tap here to join now for free!
