# Kofa Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kofa-technologies

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Accra, Ghana
- Website: www.kofa.co
- Latest round: Seed (Apr 1, 2023)
- Investors on record: 4

## About

Based in Accra, Ghana, and founded in 2021 by CEO Erik Nygard, Kofa Technologies Ltd. operates as a manufacturing company proving electric vehicles for the automotive industry. In April 2025, the company raised USD 8.16 million in pre-series A, venture debt, and grant funding co-led by E3 Capital and Injaro, with participation from Carbon Trust, Shell Foundation, individuals, and other unspecified investors. Kofa Technologies Ltd. provides technology to offer information and insights through mobile and web apps. The company offers features such as tracking motorcycle energy and running cost, tracking rider performance and statistics, tracking your motorcycle location, and monitoring motorcycle range and battery state of charge. In addition, the firm provides batteries and a swap station network to change batteries for users.

The company will use the February 2025 funding to accelerate its expansion into three key cities in West and East Africa, further develop its AI-driven battery management platform, and strengthen partnerships across the clean energy value chain.

## Funding rounds

- Seed, Apr 1, 2023 — Shell Foundation, Wangara Capital Partners, Foreign, Commonwealth and Development Office, Mercy Corps Ventures

## Investors

- Shell Foundation — Seed
- Wangara Capital Partners (https://capitalatlas.ai/funds/wangara-capital-partners) — Seed
- Foreign, Commonwealth and Development Office — Seed
- Mercy Corps Ventures (https://capitalatlas.ai/funds/mercy-corps-ventures) — Seed