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Portfolio Accomplishments: Part Two

By Emily Ziethen | Thu Mar 19 2015
Daniel Gizaw founded dVentus with the idea of promoting sustainable energy solutions, which he and a team of local engineers would manufacture at facilities in Ethiopia. Since then, the company has focused on developing system integration and energy efficient solutions for renewable energy applications. By pursuing this focus today, dVentus is helping to ensure a brighter and cleaner future for generations to come.

Since the IAN’s initial investment in 2013, dVentus has been making strides in building local capacity and in new product development. The company has successfully designed and built a prototype for smart meters to improve the reliability, security and efficiency of Ethiopia’s and other African and Middle Eastern power grids. The company is developing other exciting new products, such as energy efficient generators and other components of smart grid solutions.
dVentus’ expansion has enabled the company increase its staff by 25%, as it has brought on engineers and other highly skilled local professionals since the close of the IAN’s investment. The company also

won a grant from the African Development Bank, through its Sustainable Energy Fund for Africa, and has been working on creating strategic partnerships with multiple organizations both in Ethiopia and the United States.
We are proud to be a part of the dVentus story.
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.

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