# Africa GoGreen Fund

> Africa GoGreen Fund is a VC fund in London backing Energy, Solar and Automotive. See 9 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 9
- Last investment: Jul 2026
- Lead investor: 78%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/africagogreen-fund
- Website: https://www.agg-fund.com

Africa GoGreen Fund is a VC fund in London focused on Energy and Solar. Africa Go Green Fund (AGG) was initiated by KFW on behalf of the German government to promote private investments that mitigate or reduce the emission of Green House Gases (GHG).

## Round sizes

| Stage | Round size |
| --- | --- |
| Debt Financing | $5.5M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 4 | 44% |
| Solar | 3 | 33% |
| Automotive | 2 | 22% |
| Manufacturing | 2 | 22% |
| Transportation | 2 | 22% |

28 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Kenya | 2 | 22% |
| United States | 2 | 22% |
| Benin | 1 | 11% |
| Rwanda | 1 | 11% |
| Uganda | 1 | 11% |

7 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| BioLite | BioLite is a dynamic, rapidly growing, and profitable social enterprise that develops, manufactures and markets consumer energy products for off-grid communities around the world. Over the last three years, our team has tripled, and sales have doubled each year. Their business serves two distinct markets: 1) developing world families living inenergy poverty, and 2) outdoor enthusiasts seeking fuel-independent cooking and power. They address these markets simultaneously through parallel innovation: by incubating core technologies that can serve users in both markets, they are able to re-invest near-term revenue to solve long-term, high-impact problems.Developing World:Half the planet still cooks on indoor open wood fires and the toxic smoke they emit kills nearly 4 million people every year, twice as many as malaria. BioLite has developed an advanced, affordable, clean- burning stove that combines unprecedented emissions reductions with economically valuable electricity generation. The HomeStove™ is capable of reducing indoor smoke by more than 90% while cutting fuel use in half. By providing their largely off-grid customers with the ability to charge cell phones and LED lights, our stoves create economic incentive for purchase and continued use, ensuring sustainable delivery of their health and environmental benefits. | $10.7M | Debt Financing | Jul 21, 2026 |  |
| Spironet | SpiroNet is an electric motorcycle and scooter company that is revolutionizing the two-wheelers sector in Africa. They offer custom-made ebike solutions that support the specific needs of each country, and they are committed to making better choices than conventional mobility and encouraging mass adoption of electric vehicles. | $50M | Debt Financing | Feb 24, 2026 |  |
| Kasada Capital Management | Kasada Capital Management (KCM), a new investment platform dedicated to the hotel industry in sub-Saharan Africa, | $17.4M | Debt Financing | Aug 05, 2025 |  |
| Cold Solutions Kazi | Cold Solutions Kazi enables clients to outsource their cold chain operations to a team of seasoned industry professionals. | $18M | Debt Financing | Jul 14, 2025 |  |
| Mawingu Networks | Mawingu uses high-performance low-cost wireless technology and solar power to build fast internet networks in rural areas. Customers use Wi-Fi to connect. Mawingu’s unique application of open technologies enables a world-class scalable network, with open and secure roaming in a highly challenging geographical environment | $10.8M | Debt Financing | Nov 26, 2024 |  |
| Ampersand | Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network. | $7.5M | Debt Financing | Dec 21, 2023 |  |
| BURN | BURN's core business is the design, local manufacture, and distribution of fuel-efficient cooking products that save lives and forests in the developing world. Their modern manufacturing facility outside of Nairobi makes one stove per minute and is the largest of its kind on the continent. | $10M | Debt Financing | Oct 27, 2023 |  |
| Solarise Africa | Solarise Africa is a pan African energy leasing company for solar PV and other energy assets focusing on Commercial and Industrial (C&I) clients. Its business model is designed for scalability. Solarise Africa focuses on providing smart financing through close collaboration with a selected group of partners across solar and other renewableenergy technologies. For solar PV it is focusing on captive rooftop and ground mounted solar projects ranging from 100kW to 3MW. It is currently active in Kenya, looking to open in South Africa and has plans to expand into East, Southern and West Africa. | $33.4M | Debt Financing | Nov 24, 2022 |  |
| Bboxx | BBOXX designs, manufactures, and distributes plug and play solar systems to enhance access to energy throughout Africa. It aims to expand on this mission by creating innovative methods of distributing renewable energy to the bottom of the pyramid in developing countries. Consumers will have the ability to have a western energy experienceoff-the-grid and in rural areas. The company focuses on providing access to the fundamental need of access to electricity combined with superior customer service.BBOXX was founded in 2010 and is based in London. | $5.5M | Debt Financing | Dec 21, 2021 |  |

9 of 9 investments shown.

## Co-investors
- [Facility for Energy Inclusion](https://shizune.co/investors/profile/facility-for-energy-inclusion) — VC Fund, 2 deals together
- [African Export-Import Bank](https://shizune.co/investors/profile/african-export-import-bank) — VC Fund, 1 deal together
- [Nithio Holdings](https://shizune.co/investors/profile/nithio-holdings) — VC Fund, 1 deal together
- [Oikocredit International](https://shizune.co/investors/profile/oikocredit-international) — VC Fund, 1 deal together

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## FAQ

### What does Africa GoGreen Fund invest in?

Africa GoGreen Fund invests primarily in Energy, Solar and Automotive startups, most often at Debt Financing stage. Most of the 9 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Africa GoGreen Fund's check size?

Africa GoGreen Fund typically joins rounds of $5.5M–$50M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Africa GoGreen Fund participates in.

### When did Africa GoGreen Fund last invest?

The most recent investment recorded for Africa GoGreen Fund closed in Jul 2026. Shizune tracks 9 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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