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The Off-Grid Energy Access Fund (FEI-OGEF), Cordaid, and Qotto’s existing investors also participated in the round. Through a pay-to-own model , it avails its products to individuals in Sub-Saharan Africa that are off-grid owing to underdeveloped national power grids.
1) The e-commerce site where products fund projects. Launching – and funding – several crowd commerce campaigns. Similar to a Kickstarter model, these campaigns use products to fund projects. A recent aim for a water well in Africa was funded by sales of more than 300 sustainably-made, BPA-free water bottles.
San Francisco-based venture capital firm Runa Capital, Ace & Company, Todd & Rahul Angel Fund and Vibe VC participated. It currently has a lean team of 10 located in Nigeria, Malawi, South Africa, Zambia, and Europe. The Zambian company will also use the funds to expand its regional customer base. .
The renewable energy firm revealed the plans today when it announced the signing of a voluntary commitment with the United Nations to grow its energy market in sub-Saharan Africa and South Asia. The company plans to have additional technological and business model innovations, and the use of AI and IoT to remotely manage its fleet.
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
Using this tool, the National Wildlife Federation has raised over $100,000 for their oil spill work in the Gulf Coast. The Humane Society of the United States raised $20,000 in 6 days , all through their cause, to fund a team of journalists documenting the seal slaughter in Canada.
In "The Life You Can Save: Acting Now to End World Poverty" , Princeton University professor Peter Singer famously highlights one study in which individuals who were shown a picture of a girl named Rokia and told her story were willing to give far more than when asked to help three million hungry children in Malawi. Fund for UNICEF.
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