Ghana’s SolarTaxi Gets Funding From Persistent to Boost Offering

Persistent has provided cash to the Ghanaian e-mobility business SolarTaxi in order to expand its product line.

SolarTaxi is an electric two-wheel (e-2Ws) and four-wheel (e-4Ws) vehicle manufacturer and distributor that Jorge Appiah founded in 2018. These cars are used for delivery and transportation services.

The company also has operations in Kumasi, Takoradi, and Tamale. Notable clients in Ghana include e-commerce firms like Jumia and Bolt, which both employ SolarTaxi’s e-2Ws to deliver customer orders throughout Accra.

Although the firm wants to create and deploy solar charging stations as the market expands, SolarTaxi’s electric vehicles are made for home charging.

In the meantime, the SolarCampus app will soon be released, enabling university students to access e-transportation services and make purchases that will be delivered by e-bike.

Persistent, a leader and investor in the off-grid energy and e-mobility sectors in Sub-Saharan Africa with 20 early-stage investments in pay-as-you-go (PAYG) solar distributors, commercial and industrial solar (C&I), mini-grid developers, technology enablers, and e-mobility companies, has provided funding for all of these initiatives. The fourth electric vehicle investment made by Persistent is SolarTaxi. With the help of its funding and venture building, Solar Taxi will be able to access working capital to fulfill large orders and contracts for its electric vehicles.

“Our journey over the years has been marked by tenacity and diligence, starting with the assembly of our first prototype automobile and ending with the receipt of seed investment from our major partner, Mastercard Foundation. Later, we were required to scale up our business operations in four distinct Ghanaian areas in order to demonstrate the viability of our model’s business concept.

“The assistance we have gotten from our partners, clients, investors, and our diligent employees has contributed to our progress thus far. We aspire to scale our business operations by establishing an assembly plant for our bike and vehicle operations in Ghana as we seek to forge our own road to success. Given this, we are happy to welcome Persistent to the SolarTaxi family. They share our vision and have pledged their resources in support of it. The most recent funding from Persistent shows their belief in our team and company concept, and also provides SolarTaxi with the much-needed assistance to carry out our future ambitions.