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AFRICA RENEWABLE ENERGY DISTRIBUTOR (ARED)
http://www.a-r-e-d.com/Last activity: 13.02.2020
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ARED is a Hard Tech as Service (HAaS) company that has developed a solar kiosk platform to bring last mile distribution of prepaid services and digital connectivity to people belonging to low income groups.
Investment Rationale
ARED uses a scalable micro-franchise model that is an income game changer employing women, disabled individuals and refugees at its solar-powered kiosks. Using the coLABS funding, it is making its first international expansion into Uganda to market test its newest kiosk model, the Shiriki Hub.
Gray Matters Capital was excited to see the team’s sincere commitment to impact while deploying a needed tech innovation.
Investment Rationale
ARED uses a scalable micro-franchise model that is an income game changer employing women, disabled individuals and refugees at its solar-powered kiosks. Using the coLABS funding, it is making its first international expansion into Uganda to market test its newest kiosk model, the Shiriki Hub.
Gray Matters Capital was excited to see the team’s sincere commitment to impact while deploying a needed tech innovation.
Location: Italy, Umbria, Africa
Employees: 11-50
Investors 2
| Date | Name | Website |
| - | Gray Matte... | graymatter... |
| - | VilCap Inv... | vilcapinve... |
Mentions in press and media 19
| Date | Title | Description |
| 13.02.2020 | Data: Africa’s “new blood”, rather than the “new oil” | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new... |
| 09.01.2020 | Meet ARED, the Rwandan company revolutionising how people charge phones and access digital content in Africa | Share this article: Rwandan entrepreneur, Henri Nyakarundi, moved to the US in 1996 to study computer science at Georgia State University. Upon graduation, Nyakarundi realised he did not fancy 9-5 jobs and he was an entrepreneur at heart. O... |
| 25.07.2019 | Gray Matters Capital’s coLabs invests $100k in Kenyan B2B agritech startup Taimba | US impact investor Gray Matters Capital has invested $100 000 in Nairobi-based B2B agritech startup Taimba. Gray Matters Capital said in a statement today that the investment was made through its gender lens early-stage fund GMC coLabs. T... |
| 25.07.2019 | Gray Matters Capital’s coLabs invests $100k in Kenyan B2B agritech startup Taimba | US impact investor Gray Matters Capital has invested $100 000 in Nairobi-based B2B agritech startup Taimba. Gray Matters Capital said in a statement today that the investment was made through its gender lens early-stage fund GMC coLabs. Tai... |
| 22.11.2018 | Gray Matters Capital’s GMC coLABS invests $250k in Nigeria’s SonoCare | US-based impact investor Gray Matters Capital has made a $250 000 investment in Nigerian healthtech startup SonoCare through GMC coLABS, its investment portfolio which aims to improve the lives of women. The Port Harcourt based startup — w... |
| 22.11.2018 | Gray Matters Capital’s GMC coLABS invests $250k in Nigeria’s SonoCare | US-based impact investor Gray Matters Capital has made a $250 000 investment in Nigerian healthtech startup SonoCare through GMC coLABS, its investment portfolio which aims to improve the lives of women. The Port Harcourt based startup — wh... |
| 20.09.2018 | ARED selected as one of 10 finalists for the Innovation Prize for Africa (IPA) 2018 | Zurich (Switzerland), September 2018. GreenTec Capital Partners is very pleased to report that ARED has been selected as one of the 10 finalists for the 2018 Innovation Prize for Africa. ARED was selected as a finalist from more than 3,000 ... |
| 13.07.2018 | Here’s how startups that assist African women can tap $250k in funding | Think you startup has the potential to “dramatically improve” the lives of women and girls in Africa? Then you could stand a chance to tap $250 000 in funding from US-impact investor Gray Matters Capital‘s GMC coLABS early-stage investment ... |
| 13.07.2018 | Here’s how startups that assist African women can tap $250k in funding | Think you startup has the potential to “dramatically improve” the lives of women and girls in Africa? Then you could stand a chance to tap $250 000 in funding from US-impact investor Gray Matters Capital‘s GMC coLABS early-stage investment ... |
| 11.07.2018 | US impact investor invests $250k in Ghanaian startup Redbird Health Tech | US impact investor Gray Matters Capital has invested up “to $250 000” in Ghanaian medical diagnostics startup Redbird Health Tech. Gray Matters Capital announced the investment — which was conducted through its GMC coLABS portfolio — in a ... |
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