Edge Growth-managed fund invests in Creslow Energy Solutions
The company designs and assembles customised lithium batteries.
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South African company Creslow Energy Solutions has received an investment from the Abadali Fund, managed by Edge Growth Ventures.
The company designs and assembles customised lithium batteries for OEMs across South Africa’s industrial, leisure, and mining sectors. Based in Johannesburg, it was founded in 2021 by husband-and-wife team Kriban and Reneka Govender.
Creslow’s core product range focuses on traction batteries used in forklifts, material handling equipment, golf carts, and underground mining locomotives.
The Abadali Fund forms part of the Abadali Equity Equivalent Investment Programme – a South African economic inclusion initiative by the Department of Trade, Industry and Competition (DTIC) in partnership with J.P. Morgan.
“What drew us to Creslow is their manufacturing capability, IP, and a founding team that has consistently found new markets before anyone else did,” says Philani Mzila, investment principal for the Abadali Fund at Edge Growth Ventures. “Kriban and Reneka Govender have built a South African manufacturer competing on quality, turnaround time, and product innovation with a patent-pending mining product and stellar revenue growth to show for it. The Abadali Fund exists to back exactly this kind of business, and we are excited to be part of what comes next.”
“At Creslow Energy Solutions, we have always focused on pushing the frontier of new markets through the adoption of energy-efficient lithium battery technology across emerging industries. We have recently concluded a highly successful strategic trip to China, where we were invited to explore new opportunities within the agricultural equipment sector,” says Kriban Govender. “As a result, Creslow lithium battery technology has now been selected for integration into next-generation agricultural equipment, with the first products expected to launch within the next few months. This represents another important milestone in our strategy to expand South African-developed lithium technology into global industrial applications, with further exciting developments to follow.”
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