Electric mobility startup SolarTaxi raises undisclosed funding
Ghanaian electric mobility company SolarTaxi raised funds from Persistent to expand its product line.
SolarTaxi is a manufacturer and distributor of two-wheeled (e-2Ws) and four-wheeled (e-4Ws) electric vehicles that Jorge Appiah founded in 2018. These cars are used for delivery and transportation services.
The company also has functions in Kumasi, Takoradi and Tamale. Prominent customers in Ghana include e-commerce companies such as Jumia and Bolt, both of which use SolarTaxi’s e-2Ws to deliver customer orders throughout Accra.
Although the company wants to create and deploy solar charging stations as the market grows, SolarTaxi’s electric vehicles are designed for home charging.
At the same time, the SolarCampus app will soon be available, allowing university students to access online transport services and make purchases that will be delivered by electric bike.
Persistent, a leader and investor in the off-grid energy and electric mobility sectors in sub-Saharan Africa with 20 seed investments in pay-as-you-go (PAYG), commercial and industrial solar (C&I) solar distributors, mini-grid developers , technology enablers and e-mobility companies have funded all of these initiatives.
The fourth electric vehicle investment made by Persistent is SolarTaxi. Through the financing and company formation, Solar Taxi will be able to access working capital to fulfill large orders and contracts for its electric vehicles.
According to Appiah, SolarTaxi’s journey over the years has been marked by tenacity and diligence, beginning with assembling its first prototype vehicle and ending with receiving seed investment from a crucial partner. , the Mastercard Foundation.
Subsequently, the company had to demonstrate the viability of its approach by expanding its operations to four other Ghanaian sites.
Many businesses are turning to alternative energy sources due to the ever-increasing demand for electricity, the remarkable increase in the price of oil, and growing concern for the environment.
Solar energy is a versatile and environmentally friendly option among renewable energy sources. Today, many companies are using this alternative energy source in an effort to take advantage of its many benefits.
The goal of Ghana’s Solar Taxi initiative is to solve problems related to clean and renewable energy. Ghana is an excellent place to use solar energy.
Each of the vehicles that Solar Taxi collects would typically need an electrical charge to operate. Ghana’s current national electricity grid, however, is incredibly unreliable. Instead, Solar Taxi develops solar hubs that operate independently to offer a different source of energy.
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