Firm Backs $11M Investment for Clean Cooling Solutions in Nigeria; Job Creation and Cost Reduction
A firm has supported an $11 million investment to enhance clean cooling solutions, focusing on underserved communities. The investment, led by KawiSafi Ventures and Aruwa Capital, aims to scale up Koolboks' refrigeration systems in emerging markets, including Nigeria.
This funding will facilitate the establishment of Koolboks' first local assembly plant in Nigeria, creating job opportunities and reducing costs for end-users. The CEO emphasized the transformative impact of reliable energy access on economic empowerment and climate resilience.
Koolboks' innovative approach addresses energy poverty and empowers small businesses, aligning with efforts to boost Nigeria's energy market and support local manufacturing.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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