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A venture biilder investing financial and human resources in early-stage companies at the nexus of climate and technology.
GBP 2.5m
African entrepreneurs are innovating in renewable energy access solutions including clean cooking, refrigeration, e-mobility and home solar systems, among others. These businesses will contribute significantly to climate adaptation but face challenges in accessing venture finance.
By investing in Persistent’s venture model, FSDAi’s purpose is to mobilise and demonstrate opportunities for climate finance in Africa, and to prove the investment structures best suited for this asset class.
“Many more companies need to be started and built in order to reach the UN Sustainable Development Goals (SDGs) within the next 10 years. Kyuden and FSDAi are committed to our entrepreneurial climate venture building model. By leveraging these powerful partnerships, we will be able to accelerate our most pioneering venture building investments, driving the transition to clean energy, promoting e-mobility and finding innovative business models and technological developments across the continent.” Tobias Ruckstuhl, Managing Partner, Persistent
280,000 Projected number of households and businesses with better energy access
28MWp Projected renewable energy capacity to be installed
6,305 Projected number of direct jobs created
772,064 Estimated total tonnes of CO2 equivalent to be avoided
ACV’s impact measurement approach will evolve as we learn more about building businesses in the climate space and partner with new impact investors and actors.