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Paris-based Koolboks Raises $11M for Solar Cold Storage in Africa

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by Tony O. Lawson Koolboks, a Paris-based climate technology company with operations across Africa, has raised $11 million in a funding round aimed at scaling its solar-powered refrigeration solutions on the continent. The round includes a mix of equity, debt and grant funding. KawiSafi Ventures led the equity portion, with participation from returning investors Aruwa Capital and All On. Debt financing was provided by French institutions Bpifrance and the French Facility for Global Environment, while grants and results-based funding came from Innovate UK, Shell Foundation, CEI Africa, UK Aid, the IKEA Foundation and Efficiency for Access. Founded in 2018, Koolboks builds

The postParis-based Koolboks Raises $11M for Solar Cold Storage in Africaappeared first onSHOPPE BLACK.

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