EN   enture

OUR STORY

85% of Ugandans lack access to electricity. 98% lack access to modern facilities for cooking.Rural cooperatives and Community Based Organizations (CBOs), created by members of the community, know these problems well. Solar energy, non-electric water filters, improved biomass cookstoves, and fuel briquettes are all modern low-cost technologies that can solve rural energy problems. ENVenture accelerates rural cooperatives/CBOs in Uganda to start clean energy ventures. We want everyone in the rural villages to easily access a quality affordable clean energy product for their home without having to travel to the closest city. ENVenture employs a “venture capital” model in identifying and recruiting CBOs. Through our Seed Incubator, we invest small amounts very early in a large number of CBOs. Over a 1-year period of monitoring their energy sales and loan repayments, the best performers are selected for our Growth Accelerator, which includes offering larger debt, financial management support, and investment-readiness. This model allows ENVenture to build a pipeline of viable local last mile distributors for clean energy, with capacity building at the heart of all its programs. 

We do this by:

Providing seed clean energy loans for distributors

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Providing 1:1 Mentorship through Business Development Fellows

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Creating simple technology tools for business management

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OUR MERGE WITH NEW ENERGY NEXUS

ENVenture and New Energy Nexus are merging to form New Energy Nexus Uganda. New Energy Nexus is an international organization that supports clean energy entrepreneurs with funds, accelerators and networks. It started in California and also operates programs in China, India, Southeast Asia, and East Africa. The merger leverages New Energy Nexus’ network of clean energy funds and accelerators to strengthen development of community based organizations (CBOs) and entrepreneurs starting clean energy businesses. Our dedication and partnerships will remain the same as we hope to scale our impact further. As we begin our journey to change we will continue to build on our proud heritage.

Branding

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Storytelling

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DESIGN

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Consulting

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OUR PORTFOLIO

Below are the investment-ready clean energy ventures that have strong sales and credit history with ENVenture. Click on each one to learn in more detail. Our team is ready to connect you to local entrepreneur deal flows so you can support Ugandan-owned businesses.