Deal Street

South Africa’s I-G3N Secures USD 1.3 Mn Investment
South Africa’s I-G3N Secures USD 1.3 Mn Investment

I-G3N, a South African manufacturer of lithium-ion batteries, has raised ZAR20 million (USD 1.3 Mn) from Edge Growth and the ASISA ESD initiative to help scale operations.

I-G3N develops, manufactures, and sells battery energy storage systems as a complete package to installers working with residential, commercial, industrial, and grid-scale projects. Through its proprietary battery management system software, it also provides a customized battery storage solution.