Ghana : Kofa raises $8.1 million to expand battery swapping network across Africa

On May 3, 2025, Ghanaian startup Kofa raised $8.1 million in a pre-Series A funding round to expand its AI-powered battery swapping network across urban Africa. The funding includes $3.25 million in equity, $4.315 million in debt, and $590,000 in grants. Kofa aims to scale its system for electric motorcycles, businesses, and households in West and East Africa. This innovation provides reliable and clean energy with swaps taking less than two minutes.