Launch Africa Ventures, a leading venture capital firm focused on African startups, has announced its investment in Solarbox, a pioneering company transforming electric mobility and energy solutions across the continent.

Solarbox, founded in 2022 by Tijan Watt, offers an integrated solution encompassing solar energy generation, locally assembled utility electric vehicles (2–3 wheelers), and comprehensive system management software. The company’s innovative approach addresses Africa’s pressing energy and transportation challenges by providing a sustainable and affordable alternative to traditional fossil fuel-powered vehicles.

One of Solarbox’s key differentiators is its integrated approach, covering the entire value chain from energy generation to vehicle assembly and software management. This comprehensive solution ensures seamless integration and optimization of each component, resulting in a more efficient and reliable system.

Additionally, Solarbox’s commitment to local assembly in Senegal not only supports local economies but also allows for customization and adaptation of their electric vehicles to meet specific regional needs and preferences. This localized approach fosters greater accessibility and relevance for customers across diverse African markets.

Solarbox’s solar-powered EV charging stations are a game-changer, enabling customers to significantly reduce transportation fuel costs. By harnessing the power of the sun, Solarbox promotes sustainable mobility while offering substantial financial benefits to businesses and individuals alike. This cost-effective solution is expected to accelerate the adoption of electric vehicles in Africa, contributing to a cleaner and greener future.

Launch Africa Ventures’ investment in Solarbox is based on several compelling factors:

• Industry-Defining Potential: Solarbox is poised to become a leader in Africa’s nascent electric mobility sector, offering a scalable and replicable model for other markets.
• Integrated Solution: The company’s comprehensive approach addresses key ecosystem challenges, facilitating seamless adoption of electric vehicles.
• Local Adaptation: Solarbox’s local assembly and customization capabilities ensure relevance and accessibility for diverse African markets.
• B2B Strategy: By targeting businesses, Solarbox overcomes infrastructure barriers and accelerates market entry.
• Experienced Team: The founding team’s entrepreneurial experience and diverse skillset position Solarbox for success.
• Early Traction: The company’s early commercial traction demonstrates the viability and potential of its business model.
• Energy and Climate Impact: Solarbox’s solution contributes to reducing carbon emissions and promoting sustainable energy use in Africa.

Launch Africa Ventures believes that Africa is set to play a crucial role in the global fight against climate change. Solarbox’s innovative solution aligns with this vision, providing a pathway for the continent to transition towards a more sustainable and environmentally friendly transportation system.