Solar cooling startup Koolboks raises $11 million to expand across Africa


The new funding will support the setup of a local assembly plant in Nigeria within the next 12–18 months, a move the startup expects to cut operation costs on logistics and import duties. Koolboks will pass on this lower cost to end-users, bringing down prices by 15–20%, to attract new users.


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Solar cooling startup Koolboks raises $11 million to expand across Africa

The new funding will support the setup of a local assembly plant in Nigeria within the next 12–18 months, a move the startup expects to cut operation costs on logistics and import duties. Koolboks will pass on this lower cost to end-users, bringing down prices by 15–20%, to attract new users.

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