Kofa Technologies is a Ghanaian company transforming energy access through clean, portable battery solutions. The company’s vision is to create an affordable, customer-driven electricity network powered by renewable energy, reducing reliance on fossil fuels in mobility, businesses, and homes.
Just this week, the company together with PASH Global (“PASH”), a leading impact investor, announced the expansion of Kofa’s battery-swapping network in Ghana via a special purpose vehicle (SPV). A £2.35 million (US$3.04 million) investment from the Shell Foundation, co-funded by the UK Government through the Transforming Energy Access (TEA) platform, supports this expansion.
Shell Foundation and TEA are also committing an extra £1.4 million (US$1.86 million) to aid Kofa’s e-bike asset financing, research on the effects of Kofa’s multi-use battery technology, and operating costs.
The network aims to deploy 6,000 batteries and establish up to 100 swap stations across Ghana, ensuring continuous access to energy and driving the transition to clean energy while fostering large-scale electric vehicle (EV) adoption in Africa. PASH also plans to eventually convert these swap stations to run entirely on solar power, amplifying their impact.
The project seeks to provide reliable, affordable, and clean energy for electric two-wheelers, while also supplying power to small businesses and households that currently rely on petrol generators. This shift will help replace these generators, significantly reducing dependence on fossil fuels. Initial analysis shows that electric motorcycles in Ghana are already up to 20% cheaper to operate than internal combustion engine (ICE) vehicles. As battery costs decrease, these savings grow, encouraging even more adoption of electric vehicles.
Read also: Ghanaian clean-tech startup Kofa swaps its way to Kenya and Togo.
Speaking at the launch event, Lord Collins of Highbury, Parliamentary Under-Secretary of State (Africa) said, “Today’s announcement demonstrates the UK’s continued commitment to supporting clean energy initiatives across the world. This project not only fosters economic growth, it also strengthens the UK’s partnership with Ghana, contributing to a greener, more resilient future for Ghana.”
“The partnership between Kofa and PASH represents a powerful step forward in delivering sustainable energy solutions across Africa,” said Kofi Owusu Bempah, founder and CEO of PASH Global. “With the strong backing of Shell Foundation and the UK Government, we are well-positioned to lead the charge in the e-mobility revolution, beginning with this transformative project in Ghana.”
“This initiative is a significant step toward cleaner, more sustainable energy solutions in Ghana. With the support of our partners, we are building a foundation that will not only benefit local communities and businesses but also serve as a model for clean energy innovation across Africa,” said Erik Nygard, CEO of Kofa Technologies.
