Kenya: Renew Capital invests in EV battery management platform
STIMA provides the electric vehicle industry with a smart, all-in-one platform that takes the hassle out of managing battery fleets.
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Renew Capital has made an investment in STIMA to expand the company’s smart platform for electric vehicle charging infrastructure, monitoring and battery fleet management.
STIMA provides the electric vehicle industry with a smart, all-in-one platform that takes the hassle out of managing battery fleets. Its software is used by e-mobility companies in Kenya, Nigeria, Benin and soon in Togo, Chad and South-Africa.
“Our goal is to empower e-mobility businesses by providing battery intelligence that enhances battery fleet efficiency and maximises returns for businesses,” said Jason Gras, co-founder of STIMA. “Our platform’s data-driven approach simplifies the complexities of battery management and delivers real-time insights and optimisations that make operations smoother, safer and more scalable. This ultimately de-risks battery financing, supporting large project financiers in joining the sector.”
“As we see more electric two-wheelers on the road and as infrastructure deployments expand, the need for a robust and efficient battery management is becoming critical and the market is adapting to this as well,” said Esther Mwikali, senior investment manager at Renew Capital. “STIMA’s platform addresses this by helping businesses manage their battery fleets, cut costs and improve performance. We’re proud to support this team as they meet this growing demand in the EV industry.”
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