KawiSafi Ventures has received approximately $70M from non-profit organisation, Acumen, in a deal that is expected to facilitate Kawi’s delivery of clean and affordable energy across the region.
KawiSafi is managed by an Acumen-owned subsidiary Acumen Capital Partners that structures and manages funds investing in social enterprises.
Jacqueline Novogratz, Founder and CEO of Acumen commented on the fund saying that KawiSafi was created to prove that renewable, off-grid energy can be a faster, cheaper and cleaner way to electrify the continent.
“By building scalable solutions that can bring power to low-income communities that have lived without electricity for too long, we can create a seismic shift in off-grid energy, releasing immense levels of human productivity and minimizing impact on the environment.” She said.
KawiSafi’s Managing Director Amar Inamdar said that due the rapid changes in the energy landscape, companies seeking to transform access to electricity need early-growth capital to scale so they meet customer demand and drive innovation in a rapidly evolving ecosystem.
