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# Persistent Energy raises $10 million to fund renewable venture building business in Africa
- URL: https://www.techloy.com/persistent-energy-raises-10-million-to-fund-renewable-venture-building-business-in-africa/
- Published: 2022-07-13T08:50:44.000Z
- Updated: 2022-12-08T01:24:48.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: CleanTech, Renewable Energy

[Persistent Energy,](https://persistent.energy/) an investment firm focusing on building climate-friendly venture businesses in Africa has raised $10 million in its Series C funding round to expand its capacities for backing cleantech startups on the continent.

- The fund will be used to improve its talent teams, the company claims.
- Persistent Energy offers expertise and investment in renewable energy businesses in Africa and builds clean-energy startups from idea to growth stage, with a record of 20 partner companies across the continent to date.
- The investment and consulting firm invests in commercial and industrial solar solutions, e-mobility solutions, and ecosystem building, with its portfolio including Solar Works (South Africa), Solar Taxi (Ghana), and UpOwa (Cameroon) among others.
- Kyuden International Corporation, an arm of the Japanese Kyushu Electric Power Group led the round, with participation from Kotaro Tamura, BK Ventures BV, and DPI Energy Ventures.