Persistent Stories

"I did grow up in rural central Africa, spent my childhood there, and firsthand experienced the struggles of reliable and renewable energy, which later on led me back to joining Persistent nearly seven years ago." These were the words of Persistent Managing Partner, Tobias Ruckstuhl, CMA during an episode of MCJ Collective alongside Bimbola Adisa, CEO of Beacon Power Services, our partner company based in Lagos, Nigeria.

During the African Climate Week, and the African Climate Summit 2023, Persistent hosted "Climate Connects", a series of two events dedicated to industry stakeholders, partners as well as innovative startups, and entrepreneurs.

During the African Climate Week, and the African Climate Summit 2023, Persistent hosted “Climate Connects”, a series of two events dedicated to industry stakeholders, partners as well as innovative startups, and entrepreneurs.

Our Energy Entrepreneurs Growth Fund (EEGF) Team conducted a productive workshop at our Nairobi headquarters last week. Did you know that Persistent and Triple Jump have been partners on EEGF since 2019? Take a look at the video below, and follow the link to read more about this great partnership.

We had an impactful time in Lagos and are excited to further expand our presence in both Lagos and Nigeria as a whole. In this video, you will get a glimpse of our experience in Lagos. For the full video, please check below.

Persistent is making significant efforts to expand its presence in Lagos and Nigeria as a whole. The West African country has a vibrant and thriving startup scene, known for its entrepreneurial spirit and technological advancements on the continent. Persistent has four partner companies in Nigeria after our exit from Daystar last year: commercial and industrial (C&I) solar developer Rensource and energy efficiency firm Beacon Power Services, as well as off-grid solar company Oolu and credit enabler Migo. Are you a startup in Nigeria interested in working with us? Reach out to contact@persistent.energy and get in touch!

On October 26th Persistent hosted it´s very first Climate Venture Building Conference in Nairobi. The full day event was an example of Persistent´s commitment to a collaborative approach to accelerate the development of climate positive sectors, contributing to strengthening that venture ecosystem. It was the first time in the 10 years of Persistent history that we brought together our partner company leaders from across Africa, and exposed them to our shareholders, team members and other Persistent partners and friends. The aim was to not only showcase the great work Persistent strives to do, but also to allow exchanges among Persistent’s many constituents and to create more cohesion among everyone in the Persistent family.

We believe in the power of climate-positive economic development in Africa. Reach out to us today to join our journey.

It was a pleasure to participate in the "Nairobi Ideas Exchange" hosted by The Mawazo Institute. Persistent Venture Builder Faith Wilson and Legal Associate Carol Masila-Maiko joined the panel "Gender-Lens Investing" together with Kim-Andrée Potvin from Bamboo Capital Partners and Maina Mwangi from Innovations Incubation Center at Kenyatta University.

What better feeling to celebrate our 10-year anniversary than with the excitement of having raised $10 million in our #SeriesC Equity Round, led by Kyuden International Corporation and FSD Africa Investments. This raise will enable Persistent to expand its successful climate venture building business to new geographies and innovative business models tackling climate change across Africa.