According to reports, InspiraFarms raises more than $1 million for African off-grid energy cold storage projects. A cooling solution firm with headquarters in Kenya has just raised $1.09 million to fund its off-grid energy cold storage projects throughout Africa.
InspiraFarms Raises Over $1 Million
InspiraFarms Cooling was established in 2012 with the goal of minimizing food waste and assisting rural areas. The company provides agribusinesses with cutting edge pre-cooling and cold chain technology services with the goal of lowering operating costs and greatly increasing the shelf life of perishable commodities.
There is a startling 30–50% loss in fresh food in Africa, where fresh fruit is currently only incorporated into the cold chain to a maximum of 5%. InspiraFarms offers a variety of temperature-controlled solutions, such as cold rooms, precoolers, freezers, warehouses, packhouses, slaughterhouses, and specialized storage for long-term potato preservation, to address this problem.
A Key Feature of InspiraFarms’ Products
The ability of InspiraFarms’ products to work with renewable energy sources is a crucial aspect. Some of these options are especially well-suited for isolated and rural locations because they can run completely off the grid. Furthermore, these goods can save up to 25% on energy thanks to the technology built into them, which improves both their sustainability and efficiency. Through increased access to vital food preservation technologies, this strategy not only helps to reduce food loss but also empowers rural people..
InspiraFarms Cooling’s Presence In The Agricultural And Food Distribution Sectors
A notable presence of InspiraFarms Cooling has been made in the food distribution and agriculture industries. The company serves a wide range of customers, such as third-party logistics providers, exporters, agribusinesses, and distributors of food. As evidence of the scope and efficacy of their offerings, InspiraFarms Cooling has installed hundreds of units with success in fifteen different nations. This broad adoption highlights the company’s contribution to improving food preservation and cutting waste globally.
CEI Africa’s Investment in InspiraFarms Cooling
The fact that CEI Africa invested in InspiraFarms Cooling is noteworthy because it was made during the Foundation’s inaugural crowdfunding period. This action marks a shift in the Foundation’s investing approach, with an emphasis on creative and significant projects..
Furthermore, InfraCo Africa’s 2023 investment in InspiraFarms Cooling is the company’s first foray into “first-mile” cold storage solutions. This significant investment was verified by Omar Jabri, Head of Business Development at InfraCo Africa, who also highlighted the company’s expansion into new and important sectors of infrastructure development.
InspiraFarms Ongoing Negotiations to Acquire the African Business of Celtics Cooling
In November 2023, InspiraFarms made a big announcement about the start of talks to buy Celtics Cooling’s African division. With this acquisition, InspiraFarms hopes to gain a sizable market share in Africa. As part of the proposal, Celtics Cooling’s commercial operations will be integrated with InspiraFarms’ current infrastructure in strategic African countries, including Ethiopia, Ghana, and Kenya. InspiraFarms is committed to enhancing its presence and service offerings throughout the African continent, which is reflected in our expansion strategy.
