Koolboks, a company offering pay-as-you-go solar-powered refrigeration systems to business owners in off-grid areas, has received a $500k investment from shell-funded impact investment company All On.
Koolboks uses pay-as-you-go solar freezers to provide cold storage for perishables and beverages to productive-use customers such as fish sellers and neighbourhood stores in areas where grid access is limited, and cooling costs are high.
“Koolboks is a fast growing company and their products are currently sold in Nigeria and ten other African markets. This deal supports the company’s Nigeria expansion in the distribution of solar powered cold storage units.” said All On CEO, Dr Wiebe Boer.
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