Africa-Press – Botswana. Investors Energy Access Ventures (EAV) and Lion’s Head Global Partners are partnering to launch a new fund. The fund will invest in climate-efficient businesses in Africa.
The fund recently launched by Energy Access Ventures (EAV) and Lion’s Head Global Partners is called E3 Low Carbon Economy Fund I. It is the successor to the EAV fund, which has a track record of investing in early-stage renewable energy and energy efficiency companies in Africa. Billed as a venture capital fund, E3 Low Carbon Economy Fund I will invest in next-generation, climate-smart companies in transition to the green economy in Africa.
E3 (Enabling Emerging Entrepreneurs) will provide seed capital to promising companies providing carbon neutral solutions. The fund will leverage the experience of its partners in investing in Africa. With 60 professionals deployed across its global offices, Lion’s Head manages approximately $600 million in assets across four African credit funds focused on renewable energy, decarbonization and capital markets.