Tech in Africa
Aceleron, a pioneer in battery technology, has secured an investment deal with Toyota Group subsidiary – Mobility 54 Investment SAS, to accelerate battery innovation. The investment is part of Mobility 54’s vision to accelerate carbon neutrality and the circular economy across Africa.
The announcement was also shared by Aceleron and is part of the company’s continued traction across the industry having secured £5m investment from several partners and investors in their Serie A round among them Mobility 54, the Business Growth Fund, and Mercia.
Since its establishment in 2016, Acceleron is working to create the most sustainable ESG positive battery which maximizes the full value of the battery, creating a future where battery waste does not pose a challenge. The technology developed has developing markets in mind as it features easy to assemble and repair complements without a need for hi-tech machinery.
Acceleron began its Africa operations in 2021 and has begun producing batteries for electric micro-mobility and stationary energy storage primarily for local use by the locals.
Source: Press release
