Ghanaian e-mobility business SolarTaxi has raised cash from Persistent to expand its product line.
SolarTaxi is an electric two-wheel (e-2Ws) and four-wheel (e-4Ws) vehicle manufacturer and distributor 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 clients in Ghana include e-commerce firms like Jumia and Bolt, which both employ SolarTaxi’s e-2Ws to deliver customer orders throughout Accra.
Although the firm wants to create and deploy solar charging stations as the market expands, SolarTaxi’s electric vehicles are made for home charging.
Meanwhile, the SolarCampus app will soon be released, enabling university students to access e-transportation services and make purchases that will be delivered by e-bike.
Persistent, a leader and investor in the off-grid energy and e-mobility sectors in Sub-Saharan Africa with 20 early-stage investments in pay-as-you-go (PAYG) solar distributors, commercial and industrial solar (C&I), mini-grid developers, technology enablers, and e-mobility companies, has provided funding for all of these initiatives.
The fourth electric vehicle investment made by Persistent is SolarTaxi. Owing to funding and venture building, Solar Taxi will be able to access working capital to fulfill large orders and contracts for its electric vehicles.
According to Appiah, SolarTaxi’s path over the years has been marked by tenacity and diligence, starting with the assembly of its first prototype vehicle and ending with the receipt of seed investment from a crucial partner, the Mastercard Foundation.
Afterward, the business had to demonstrate the viability of its approach by expanding its operations across four other Ghanaian sites.
Techbuild’s Take
Numerous businesses are turning to alternative sources of power as a result of the steadily rising requirement for electricity, the remarkably increased price of oil, and the rising concern for the environment.
Solar energy is a versatile and environmentally friendly option among renewable energy sources. Today, many companies are utilizing this alternative energy source in an effort to gain from its many benefits.
The goal of Ghana’s Solar Taxi initiative is to tackle problems with clean, renewable energy. Ghana is an excellent place to use solar energy.
Every one of the vehicles that Solar Taxi gathers would generally need an electrical charge to operate. Ghana’s current national electrical grid, nevertheless, is incredibly unreliable. Instead, Solar Taxi develops solar hubs that work independently to offer a different source of energy.
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