Kofa, an energy startup based in Ghana has partnered with Pash Global and the Foreign Commonwealth Development Office (FCDO) to announce a $3 million partnership to build out its battery-swapping network in Ghana.
Details
The announcement was made at an event in Accra at the Aviation Social Center. In attendance for the event was Kofa CEO Erik Nygard, Shell Foundation, Kofi Owusu-Bempah from Pash Global, the UK Minister for Africa Lord Collins, the Ghana Minister of Transportation Kwaku Ofori Asiamah and British High Commissioner to Ghana, Harriet Thompson.
Shell Foundation and TEA will also be committing $1.8 million to support Kofa’s e-bike asset financing, research on the impact of Kofa’s multi-use battery technology, and operating expenses.
The network is targeting the deployment of 6,000 batteries and up to 100 swap stations across Ghana, ensuring that energy is accessible anytime, anywhere, and promoting the transition to clean energy and the large-scale adoption of EVs in Africa.
What They’re Saying
Lord Collins, UK Minister to 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. It’s a perfect example showcasing how we go far when we go together.”
Why This Matters
Ghana announced its new Energy Transition Framework in 2023 to achieve net-zero energy-related carbon emissions by 2060.
The framework incudes plans to introduce EVs into the market as well as invest in EV charging infrastructure.
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