Kofa Technologies expands Ghana battery swapping network

Kofa Technologies Ltd, a Ghanaian company providing clean and portable battery solutions, and PASH Global, a leading impact investor, have announced the expansion of Kofa’s battery swapping network in Ghana

This Special Purpose Vehicle (SPV) expansion is backed by a £2.35mn (US$3.04mn) commitment from Shell Foundation, co-funded with the UK Government through its Transforming Energy Access (TEA) platform. Shell Foundation and TEA are committing an additional £1.4mn (US$1.86mn) to support Kofa's e-bike asset financing, research on the impact of Kofa’s multi-use battery technology, and operating expenses.

The network is targeting a deployment of 6,000 batteries and up to 100 swap stations across Ghana, ensuring that energy is accessible anytime, anywhere, and promoting the transition to clean energy and the large-scale adoption of EVs in Africa. PASH also intends, in due course, to transform these swap stations to be fully powered by solar power, further increasing the impact of the station.

Clean energy for electric two-wheelers

The project aims to deliver reliable, affordable, and clean energy for electric two-wheelers while also supplying power to small businesses and homes that currently depend on small petrol generators—helping to displace these generators and significantly reduce reliance on fossil fuels. Preliminary analysis indicates that electric motorcycles in Ghana are already up to 20% cheaper to operate compared to internal combustion engine (ICE) vehicles. As battery prices continue to decline, these savings are expected to increase, further incentivising the shift to electric vehicles.

Speaking at the launch event, Lord Collins of Highbury, Parliamentary Under-Secretary of State (Africa) said, “Today’s announcement demonstrates the UK’s continued commitment to supporting clean energy initiatives across the world. This project not only fosters economic growth, it also strengthens the UK’s partnership with Ghana, contributing to a greener, more resilient future for Ghana.”

“The partnership between Kofa and PASH represents a powerful step forward in delivering sustainable energy solutions across Africa," said Kofi Owusu Bempah, founder and CEO of PASH Global. "With the strong backing of Shell Foundation and the UK Government, we are well-positioned to lead the charge in the e-mobility revolution, beginning with this transformative project in Ghana.”

“This initiative is a significant step toward cleaner, more sustainable energy solutions in Ghana. With the support of our partners, we are building a foundation that will not only benefit local communities and businesses but also serve as a model for clean energy innovation across Africa,” said Erik Nygard, CEO of Kofa Technologies.