Funders
The inception phase of ZE-Mobility is made possible with support from the PREO programme - which is funded by IKEA Foundation and UK aid from the UK government, via the Transforming Energy Access platform.
The Powering Renewable Energy Opportunities (PREO) Programme, supported by the IKEA Foundation and UK aid, and delivered by the Carbon Trust and Energy 4 Impact, stimulates clean energy demand in Africa as a way of creating sustainable jobs and reducing poverty through economic growth and empowering women.
The IKEA Foundation is a strategic philanthropy that focuses its grant making efforts on tackling the two biggest threats to children’s futures: poverty and climate change. It currently grants more than €200 million per year to help improve family incomes and quality of life while protecting the planet from climate change. Since 2009, the IKEA Foundation has granted more than €1.5 billion to create a better future for children and their families. In 2021 the Board of the IKEA Foundation decided to make an additional €1 billion available over the next five years to accelerate the reduction of Greenhouse Gas emissions.
The Transforming Energy Access (TEA) platform supports early-stage testing and scale-up of innovative technologies, business models, partnerships and skills that accelerate access to affordable, clean and modern energy for households and enterprises in developing countries in Sub-Saharan Africa, South Asia and the Indo-Pacific region. TEA is part of the UK’s wider Ayrton Fund commitment of up to £1bn of International Climate Finance to support clean energy research, development and demonstration (RD&D) of technologies and business models which can help accelerate the clean energy transition in developing countries.
Partners
ZE-Mobility is delivered by the Carbon Trust and Open Capital.
The Carbon Trust is a global climate organisation driven by the mission to accelerate the move to a decarbonised future. We have been pioneering decarbonisation for more than 20 years for businesses, governments, and organisations. Drawing on a network of over 400 experts internationally, the Carbon Trust guides organisations through their journey to Net Zero. From strategic planning and target setting to delivery, activation, and communication - we provide smarter ways to turn intent into impact.
Open Capital is a management consulting and financial advisory firm that drives growth, enables investment, and builds markets across Africa. We help businesses, investors, development partners, and the public sector to identify opportunities and deliver unique, impactful solutions. Our mission is to advance African economies and build future generations of business leaders. Since 2010, we have completed over 1200 engagements across 27 countries in Sub-Saharan Africa and raised over $ 1.2billion in capital for impactful businesses across the continent. Our locally based team of over 150 full-time.
Get in touch to find out more about partnership and collaboration opportunities