As demonstrated by the recent investment in BasiGo, a Kenyan e-mobility startup that seeks to revolutionize public transport in Africa, On.Capital team is well positioned to make the most of new waves of market opportunities, and drive consolidation. The new fund recently received financial support from Seed Capital Assistance Facility (SCAF).
The fund’s investment landscape is focused on grid edge (technologies and business models that advance the transition to the next-generation power grid), and access to critical smart infrastructure services in frontier markets. On.Capital has appointed SouthBridge Group as advisor to accelerate the closing with private, public, and Africa-based investors.
“We are proud to be advised by one of the largest pan-African corporate and sovereign advisors, whose team has become one of the experts on climate action and clean energy access in Africa. We believe SouthBridge is one of the few who can help us build an African fund, for African entrepreneurs, with African investors”, said Emmanuel Beau, Founder, and President of On.Capital.
Commenting on this new collaboration, Lionel Zinsou, Founder and Managing Partner of SouthBridge Group, said: “On.Capital’’ track records and pipelines speak for themselves. This new fund is what entrepreneurs and governments need to build resilient, green, and accessible infrastructure for all people and businesses. On.Capital’s new fund attracts private sectors investors, not just because of its impact, but the risk/return profile of their portfolio in the making.