Urban Africa's AI-Driven Battery-Swapping Expansion Funded by $8.1M Investment from Kofa
Kofa Raises $8.1 Million to Revolutionise Urban Africa's Energy Landscape
Kofa, a Ghana-based clean energy startup, has closed an $8.1 million pre-Series A round to expand its AI-powered battery-swapping network for electric motorcycles and homes across Ghana and beyond.
The funding round includes investments from E3 Capital, Injaro Investment Advisors, Shell Foundation, the UK Government through TEA platform, and strategic angels like Richard Thwaites from Penso Power. The raise includes $3.25M in equity, $4.315M in debt, and $590K in grants.
Kofa's AI and IoT-backed system optimises energy flow, demand prediction, and battery tracking with an average swap time under 2 minutes. This network enables quick battery exchanges for electric motorcycles, reducing downtime and promoting clean energy use over traditional fossil fuels. The AI component ensures a 99% charge success rate, making the service reliable and scalable.
Erik Nygard, the CEO and founder of Kofa, said that the funding validates their vision to transform urban Africa's energy landscape. "Our goal is to create a scalable, clean energy ecosystem for urban Africa," he said.
Kofa's swappable battery network offers a clean, reliable alternative in Africa, cutting emissions, saving time, and lowering fuel costs for riders and small businesses. Africa's cities rely heavily on petrol-powered motorcycles and backup generators, making Kofa's solution a timely and much-needed innovation.
The strategy emphasises growing the battery-swapping infrastructure across Ghana first, as the company gains traction and market presence. It targets both individual motorcycle users and households, integrating home battery swapping to broaden its clean energy impact. Backed by venture capital focused on renewable energy innovation in Africa, Kofa aims to become a leading provider of affordable, sustainable electric mobility that reduces pollution and operational costs for urban commuters.
In essence, Kofa is leveraging AI technology combined with a novel battery-swapping network to create a scalable, clean energy ecosystem for urban Africa. Its strategic plan involves using recent funding to rapidly expand infrastructure, improve energy reliability, and promote economic and environmental benefits through convenient, AI-optimised battery solutions for electric two- and three-wheelers and home energy storage.
With Kofa's swappable battery network, urban Africa is one step closer to a cleaner, more sustainable future.
[1] Kofa Raises $8.1 Million to Revolutionise Urban Africa's Energy Landscape. (2025). [online] Available at: https://www.kofaenergy.com/press/kofa-raises-8-1-million-to-revolutionise-urban-africas-energy-landscape/
[2] Kofa: Revolutionising Electric Mobility in Africa. (2025). [online] Available at: https://www.shell.com/energy-and-innovation/the-energy-future/our-work/our-partnerships/kofa.html
[3] Kofa: The Future of Clean Energy in Africa. (2025). [online] Available at: https://www.injaro.com/news/kofa-the-future-of-clean-energy-in-africa/
[4] Kofa: Transforming Urban Africa's Energy Landscape. (2025). [online] Available at: https://www.e3capital.co.uk/news/kofa-transforming-urban-africas-energy-landscape/
[5] Kofa: Making Clean Energy Accessible in Africa. (2025). [online] Available at: https://www.teauk.org/news/kofa-making-clean-energy-accessible-in-africa/
- The funding secured by Kofa will likely enable them to invest in technology like artificial intelligence and finance their expansion, aiming to revolutionize urban Africa's energy landscape.
- Kofa's focus on clean energy, technology-driven solutions, and energy efficiency based on AI optimization, seeks to transform urban Africa from relying on fossil fuels to adopting a sustainable energy ecosystem backed by investment.
- As Kofa's energy solutions become more accessible through the implementation of artificial intelligence and battery-swapping networks, the potential for decreasing energy costs, reducing emissions, and promoting clean technology in the urban African finance sector is becoming increasingly promising.
