Persistent Energy Raises USD 10 Mn Series C Funding

Persistent Energy has raised USD 10 Mn Series C funding to grow its climate venture building business in Africa, in a round led by Kyuden International Corporation, a subsidiary of the Japanese Kyushu Electric Power Group, and Financial Sector Deepening (FSD) Africa Investments. The round also had the participation of six new private investors, high-net-worth individuals and businesspersons including Kotaro Tamura, as well as existing investors like BK Ventures BV and DPI Energy Ventures

Persistent Energy helps startups to build businesses that can scale sustainably from ideation to the early growth stage by investing capital and human resources, where its team members join and work together with the management teams of portfolio companies. Its portfolio companies provide domestic, commercial, and industrial solar solutions and deliver e-mobility solutions and ecosystem building.