TotalEnergies is a leading global energy company with operations in over 130 countries, employing around 93,000 people across various sectors, including oil and gas exploration, refining, marketing, and chemicals. The company is committed to providing reliable energy while actively transitioning towards a sustainable future. TotalEnergies has a strong focus on research and development in renewable energy, particularly in solar and biofuels, and has established joint ventures to enhance its capabilities in photovoltaic technology. The company's venture capital arm, TotalEnergies Ventures, was founded in 2008 and seeks to invest in innovative startups that align with its vision of a low-carbon future. Areas of interest for TotalEnergies Ventures include renewables, distributed energy, new mobility, energy storage, circular economy solutions, and carbon capture technologies. Through these initiatives, TotalEnergies aims to diversify its energy offerings and contribute to the global transition to sustainable energy sources.
SN Power invests in clean, renewable energy on commercial basis in emerging markets. The company has operations in Southeast Asia, Africa, and Central America and the focus is to acquire, develop, construct and operate hydropower assets. SN Power has several running Hydropower plants in The Philippines, Laos, Zambia and Panama, and the company consist of a multinational team of people employed globally in its operations and projects. In addition to the operating assets, SN Power has an office in Amsterdam, Netherlands and is Head-quartered in Oslo, Norway.
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.
Zola Electric
Venture Round in 2021
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
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.
Shyft Power Solutions
Seed Round in 2021
SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enabling DERs to scale and support existing but unreliable grids.
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.
PEG
Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.
PEG
Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.
Shyft Power Solutions
Seed Round in 2018
SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enabling DERs to scale and support existing but unreliable grids.
Shyft Power Solutions
Venture Round in 2018
SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enabling DERs to scale and support existing but unreliable grids.
Zola Electric
Series D in 2018
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
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.
Zola Electric
Venture Round in 2016
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
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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