Kofa
OperatingKofa is a Ghana-based company specializing in sustainable energy solutions.
- Energy
- Accra, Ghana
- Seed
- Founded 2021
- kofa.co ↗
- Total raised
- $13.2M
- disclosed
- Last round
- $590K
- Grant
- Rounds
- 5
- since 2021
- Investors
- 9
- on record
- Employees
- 2-10
About Kofa
Kofa is a Ghana-based company specializing in sustainable energy solutions. Founded in Accra, Ghana, Kofa was established to revolutionise how people access energy. We are on a mission to create an affordable and sustainable, future-focused electricity network for all.
Starting with electric motorcycles, powered by our technologically advanced battery network, we are transitioning mobility away from fossil fuels.
Alongside this, we will be opening up our battery network to support more of your energy needs, be it in your business operations or at home.
Kofa funding5 rounds
All 5 rounds →Kofa has raised $13.2M across 5 disclosed rounds. The latest is a $3.3M Seed announced 30 Apr 2025, led by Injaro Investments.
- $5MGrantGrant, $5M, $5M raised to date
- $590KGrantGrant, $590K, $5.6M raised to date
- $4.3MDebt FinancingDebt Financing, $4.3M, $9.9M raised to date
- $3.3MSeedSeed, $3.3M, $13.2M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in Kofa
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 30 Apr 2025 | Kofa Seed | Injaro Investments +2 | $3.3M |
| 30 Apr 2025 | Kofa Debt Financing | Transforming Energy Access +1 | $4.3M |
| 30 Apr 2025 | Kofa Grant | Transforming Energy Access +1 | $590K |
| 17 Sep 2024 | Kofa Grant | UK Government +1 | $5M |
| 24 May 2023 | Kofa Seed | Mercy Corps Ventures +3 | Not disclosed |
Kofa founders & team
- Erik NygardFounder & CEO
- Erik NygardFounder & CEO
Kofa competitorssame sector · similar funding
- Koa ImpactAkrofuom, Ghana
- GOGO ElectricKampala, Uganda
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Frequently asked about Kofa
- Where is Kofa based and when was it founded?
- Kofa is headquartered in Accra, Ghana and was founded in 2021.
- Who founded Kofa?
- Kofa was founded by Erik Nygard (Founder & CEO) and Erik Nygard (Founder & CEO).
- Who is the CEO of Kofa?
- Erik Nygard is Kofa's Founder & CEO.
- How much funding has Kofa raised?
- Kofa has raised $13M across 5 disclosed rounds. Its latest, a $3.3M Seed, was announced on Apr 30, 2025.
- Who has invested in Kofa?
- Backers include Injaro Investments, E3 Capital, Richard Thwaites, Transforming Energy Access and 5 others.
- What sector is Kofa in?
- Kofa operates in Energy, Manufacturing and Renewable Energy.
