Development Bank of Southern Africa (DBSA) has announced a ZAR100 million (US $5.6 million) equity investment in South Africa’s Zero Carbon Charge, which has constructed a nationwide network of off-grid, solar-powered ultra-fast EV charging stations.
In order to guarantee a sustainable and dependable energy supply for electric mobility, Zero Carbon Charge has created a decentralized energy generation model that generates power right at the point of consumption and sale.
According to the startup, DBSA’s ZAR100 million (US $5.6 million) investment is a major endorsement of its goal to develop climate-resilient infrastructure and hasten South Africa’s shift to a net-zero transport economy.
Zero Carbon Charge’s ultra-fast charging stations will be able to be installed along all national roads at a distance of 150 kilometers thanks to the funding. Every location is completely off the grid, with solar power and battery storage to alleviate reliance on Eskom and alleviate range anxiety for EV drivers nationwide.
“This show of faith by the DBSA is not just financial – it is symbolic. We are truly grateful,” said Andries Malherbe, director and co-founder of Zero Carbon Charge.
