TotalEnergies

TotalEnergies, formerly known as Total, is a multinational energy company headquartered in France. With operations in over 130 countries and a workforce of approximately 93,000 employees, the company is involved in every aspect of the energy industry. TotalEnergies explores for, produces, and markets oil and biofuels, natural gas and green gases, renewables, and electricity. It also has a significant presence in chemicals. The company is committed to diversifying its energy sources to meet growing demand and is actively investing in renewable energy projects, such as solar and biofuels. TotalEnergies Ventures, the company's venture capital arm, focuses on funding and fostering start-ups that contribute to a low carbon future, with interests including renewables, energy storage, and the circular economy.

Edouard Bulteau

Principal

Cindi Choi

Managing Director

Girish Nadkarni

President

Florian Temime

VC Principal - Impact and Climate

Ademidun Edosomwan

Managing Director, Emerging Markets

Past deals in East Africa

Ampersand

Venture Round in 2023
Ampersand is a company based in Kigali, Rwanda, that focuses on manufacturing affordable electric vehicles and charging systems specifically for motorcycle taxi drivers in East Africa. By providing a battery swap network and an operating system, Ampersand aims to make sustainable mobility more accessible and affordable in developing markets. The company's initiatives not only enhance the livelihoods of local drivers but also contribute positively to the environment. As of January 2024, Ampersand has attracted 2,000 customers who collectively travel 1.5 million kilometers weekly in Nairobi and Kigali, illustrating the growing demand for electric mobility solutions in the region.

East African Crude Oil Pipeline

Acquisition in 2022
EACOP is a pipeline that will deliver oil from Uganda's Lake Albert oilfields to the Tanzanian port of Tanga, where it will be sold to global markets.

Ampersand

Venture Round in 2021
Ampersand is a company based in Kigali, Rwanda, that focuses on manufacturing affordable electric vehicles and charging systems specifically for motorcycle taxi drivers in East Africa. By providing a battery swap network and an operating system, Ampersand aims to make sustainable mobility more accessible and affordable in developing markets. The company's initiatives not only enhance the livelihoods of local drivers but also contribute positively to the environment. As of January 2024, Ampersand has attracted 2,000 customers who collectively travel 1.5 million kilometers weekly in Nairobi and Kigali, illustrating the growing demand for electric mobility solutions in the region.

SparkMeter

Series A in 2020
SparkMeter, Inc. designs electricity metering systems and grid management software aimed at enhancing electricity access in underserved markets, particularly rural areas. Founded in 2012 and based in Washington, D.C., with an office in Nairobi, Kenya, the company offers a range of metering products tailored to different customer needs, including residential and commercial users. Its solutions include the SM16R, SM60R, SM60RP, and SM200E models, which cater to various consumption levels. In addition to hardware, SparkMeter provides software solutions that facilitate prepaid billing, customer communication, and remote monitoring, thus improving grid efficiency and asset performance. By enabling utilities to automate operations, manage loads, and integrate renewable energy sources, SparkMeter helps communities access sustainable and reliable electricity.

Powerhive

Series B in 2019
Powerhive Inc. specializes in rural electrification by offering tools and services that facilitate the implementation of energy access projects globally. Its primary technology platform, Honeycomb, is a cloud-based software that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Additionally, the company provides Asali, a smart meter designed for off-grid microgrid applications, and SWARM, a tool that aids in project development through effective site selection and customer identification. Powerhive also offers a range of services related to microgrid operations management and project deployment, including market feasibility studies, design services, and on-site training. Founded in 2011 and headquartered in Berkeley, California, with an office in Nairobi, Kenya, Powerhive aims to deliver affordable and reliable electricity to off-grid communities in emerging markets, enabling access to power for small appliances and income-generating activities.

Gapco

Acquisition in 2016
Gulf Africa Petroleum Corporation (GAPCO) a company registered in Mauritius, is a subsidiary of Reliance Industries Limited,one of the largest conglomerate and listed company in India engaged, inter alia, in exploration and distribution of oil and gas, petroleum refining and marketing.

Powerhive

Series A in 2016
Powerhive Inc. specializes in rural electrification by offering tools and services that facilitate the implementation of energy access projects globally. Its primary technology platform, Honeycomb, is a cloud-based software that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Additionally, the company provides Asali, a smart meter designed for off-grid microgrid applications, and SWARM, a tool that aids in project development through effective site selection and customer identification. Powerhive also offers a range of services related to microgrid operations management and project deployment, including market feasibility studies, design services, and on-site training. Founded in 2011 and headquartered in Berkeley, California, with an office in Nairobi, Kenya, Powerhive aims to deliver affordable and reliable electricity to off-grid communities in emerging markets, enabling access to power for small appliances and income-generating activities.
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