Persistent

Persistent is a Nairobi-based venture capital firm focused on Africa, investing in climate, renewable energy, e-mobility, agricultural technology, and solar sectors. It supports entrepreneurs with deep operational and strategic guidance to help them scale sustainable businesses. The firm seeks attractive financial returns while creating social and environmental impact, including improving energy access for underserved markets in sub-Saharan Africa.

Christopher Aidun JD

Co-Founder and Partner

Thomas Gallas

Principal and Venture Builder

Jens Godat

COO and Partner

Dirk​ Muench

Co-Founder and Partner

Toukam Ngoufanke

Principal

Past deals in Energy Storage

Altech Group

Venture Round in 2024
Altech Group specializes in developing renewable energy products for off-grid and poor-grid households. Their offerings include solar home systems, solar lamps, and cookstoves, aiming to provide affordable, clean, and reliable energy solutions.

Circadian Technologies GmbH

Seed Round in 2023
Circadian Technologies is a developer of a decentralized energy management platform aimed at accelerating the energy transition in frontier markets. The company offers a Software-as-a-Service (SaaS) solution that enables solar developers and energy service companies to optimize their operations and enhance profitability. By capturing data from multiple sources at a high frequency, Circadian's platform performs edge calculations and integrates this information into the cloud, providing clients with actionable insights. The company's proprietary Internet-of-Things hardware complements the software, delivering an end-to-end solution that improves the design, financing, operation, and maintenance of decentralized renewable energy systems for commercial and industrial sites.

Beacon Power Services

Seed Round in 2022
Beacon Power Services, established in 2013 and headquartered in Lagos, Nigeria, specializes in designing and implementing energy management solutions for commercial and industrial facilities. The company's core offering is its AI-enabled grid management platform, Adora, which provides real-time visibility into network performance for electric utilities, enabling them to anticipate outages, identify network losses, and distribute electricity more efficiently. Additionally, Adora empowers consumers with control over their energy infrastructure, facilitating invoicing, installations, and logistics. Beacon Power Services aims to enhance the quality and duration of electricity supplied in African cities by building smart grids and leveraging data to reduce inefficiencies in power distribution systems.

TRí

Venture Round in 2021
TRí develops and sells electric vehicles, batteries, storage and charging systems.

Oolu

Series B in 2020
Oolu Inc. is a solar energy company based in Dakar, Senegal, with an additional office in San Francisco, California. It specializes in the installation of solar home systems and provides technical support and maintenance services to households in West Africa. Oolu's offerings include solar systems equipped with adjustable lights and USB ports, powered by batteries that can hold a charge for up to six hours. The company aims to improve energy access for rural and peri-urban communities by implementing a monthly payment model that reduces financial barriers. This model not only allows customers to benefit from affordable and reliable energy but also includes maintenance, parts, and battery replacements within the service package. By fostering trust within local communities, Oolu seeks to expand its impact and become a leading provider of energy and financial services in the developing world.

upOwa

Series A in 2019
upOwa is a social business that develops, deploys, and maintains innovative solar home systems in off-grid African communities. These systems provide affordable access to clean electricity, replacing traditional sources like kerosene lamps. By doing so, upOwa enables significant social and economic improvements at the community level while maintaining financial profitability and promoting environmental sustainability.

Daystar Power

Series A in 2019
Daystar Power specializes in delivering solar power solutions and energy efficiency services to businesses across commercial, industrial, and agricultural sectors. Their offerings significantly reduce power costs, diesel consumption, and pollution.

ASOBO

Venture Round in 2019
ASOBO is a Nairobi-based company founded in 2019, specializing in the manufacture of electric outboard engines powered by lithium batteries. The company's primary focus is on providing sustainable e-mobility solutions for fishermen operating on Lake Victoria in East Africa. By offering these electric outboard engines on a full-service basis, ASOBO enables fishers to utilize clean energy, thereby reducing costs and promoting environmentally friendly practices. Through its innovative approach, ASOBO aims to create a sustainable platform for marine transportation in emerging markets.

Zonful Energy

Seed Round in 2018
Founded in 2014, Zonful Energy specializes in providing affordable off-grid solar home systems in Zimbabwe. The company offers modular solar energy solutions, including panels, batteries, and appliances like lights and radios, aiming to promote energy access while saving customers money and reducing environmental impact.

SolarWorks!

Venture Round in 2018
SolarWorks! designs, manufactures and markets solar solutions for lighting and low-voltage electricity provision (6-12V), targeting off-grid or limited-access electricity scenarios; its products generate solar power to illuminate spaces and charge devices, enabling customers to access energy where grid power is unavailable.

Zonful Energy

Corporate Round in 2018
Founded in 2014, Zonful Energy specializes in providing affordable off-grid solar home systems in Zimbabwe. The company offers modular solar energy solutions, including panels, batteries, and appliances like lights and radios, aiming to promote energy access while saving customers money and reducing environmental impact.

upOwa

Series A in 2018
upOwa is a social business that develops, deploys, and maintains innovative solar home systems in off-grid African communities. These systems provide affordable access to clean electricity, replacing traditional sources like kerosene lamps. By doing so, upOwa enables significant social and economic improvements at the community level while maintaining financial profitability and promoting environmental sustainability.

Altech Group

Venture Round in 2018
Altech Group specializes in developing renewable energy products for off-grid and poor-grid households. Their offerings include solar home systems, solar lamps, and cookstoves, aiming to provide affordable, clean, and reliable energy solutions.

Candi

Venture Round in 2018
Candi is a solar company specializing in small-scale commercial and industrial rooftop solar battery solutions. It focuses on harnessing solar energy by offering installation and operational services for rooftop solar systems. Candi aims to deliver solar and storage services at reduced costs, helping businesses and individuals lower their energy expenses while also contributing to a decrease in carbon emissions. Through its innovative solutions, the company seeks to generate long-term value for its clients by promoting sustainable energy practices.

EcoEnergy

Venture Round in 2018
EcoEnergy is a solar energy company that focuses on providing pay-as-you-go electricity services to off-grid rural communities in Pakistan. By utilizing solar technology, the company aims to deliver essential lighting and power solutions to households and small businesses that lack reliable access to electricity. EcoEnergy’s innovative distribution networks enable users to power lights, cell phones, fans, and televisions, thereby improving the quality of life for individuals in underserved areas. Through its commitment to renewable energy, EcoEnergy seeks to enhance access to clean electricity and support sustainable development in remote regions.

Oolu

Series A in 2017
Oolu Inc. is a solar energy company based in Dakar, Senegal, with an additional office in San Francisco, California. It specializes in the installation of solar home systems and provides technical support and maintenance services to households in West Africa. Oolu's offerings include solar systems equipped with adjustable lights and USB ports, powered by batteries that can hold a charge for up to six hours. The company aims to improve energy access for rural and peri-urban communities by implementing a monthly payment model that reduces financial barriers. This model not only allows customers to benefit from affordable and reliable energy but also includes maintenance, parts, and battery replacements within the service package. By fostering trust within local communities, Oolu seeks to expand its impact and become a leading provider of energy and financial services in the developing world.

Rensource

Venture Round in 2016
Founded in 2015, Rensource offers subscription-based solar power services primarily for consumers and small businesses in Nigeria. The company generates electricity using small solar-hybrid systems installed on-site, providing flexible plans such as Go, Eco, Duplo, and Pro based on customers' energy needs.

BOS Balance of Storage Systems

Venture Round in 2016
BOS Balance of Storage Systems AG, established in 2014 and headquartered in Illerkirchberg, Germany, with an additional office in Neu-Ulm, manufactures and supplies energy storage systems for both off-grid and on-grid applications in the renewable energy sector. The company specializes in decentralized energy supply, offering a range of products including lithium extension batteries, hybrid storage solutions, and grid components. These systems are designed to support intelligent load management, making them suitable for various applications such as private households, remote electrification projects, industrial power cabinets, and off-grid locations like mountain huts and lighthouses.

PEG

Pre Seed Round in 2015
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.

BBOXX

Venture Round in 2014
BBOXX designs, manufactures, and distributes plug-and-play solar power systems to expand access to electricity in Africa and other developing regions. The company offers solar home systems, lighting, radios, TVs, phone chargers, and related products, supported by installation and maintenance services and remote monitoring. It pursues innovative financing models and digital platforms to enable individuals, businesses, and governments to access reliable, affordable utilities, including off-grid energy experiences in rural areas. BBOXX serves customers through distributors in Africa, the United Kingdom, and international markets, with a focus on customer service and scalable solutions.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.