- New GX Capital, co-founder of Dark Fibre Africa (DFA), and RMB Ventures have launched Airnergize Capital Fund I, with a R2.4 billion commitment to drive sustainable and advanced clean technology investments across Southern and broader Africa.
Airnergize Capital is a new fund dedicated to advancing clean technologies across renewable energy, gas, and water infrastructure in South Africa. The fund has secured an initial commitment of R2.4 billion and aims to reach a final close of R4 billion by attracting additional investors in the coming months.
The fund will invest in both capital-heavy and asset-light business models by seeking and partnering with well-established management teams in established businesses with demonstrated track records. Airnergize Capital will have a strong focus on scalable and impactful technologies and aims to support companies at the forefront of energy transition, water, and gas solution innovation. The fund is black-owned and controlled, driving active and strategic fund management while delivering measurable environmental and social impact.
The fund is already operational, thanks to the vending in of Sustainable Power Solutions Africa (SPS), a portfolio company of New GX. SPS is a leading C&I renewable energy owner, operator, and developer, offering both behind-the-meter and front-of-the-meter solar PV and battery solutions through its asset holding company and in-house EPC services.
Author: Bryan Groenendaal
