DREV has raised €2.8m for its contamination control technology for the battery industry, helping to protect worker health and safety, improve production efficiency, and recover critical metals.
The funding, led by Afreximbank’s impact investing arm, will allow the fast-growing clean transport firm to build up its battery-swapping infrastructure across African markets.
The fund aims to support the EU’s climate neutrality objective for 2050, and has invested in key transition sectors including onshore wind, hydropower, energy storage, low-carbon mobility, and energy efficiency.
The Dutch-based investor is targeting a €150m final close in 2026 for its debut offering, which has backing from the European Investment Fund and Invest International.
The investment brings total assets under management to around $95m, which will be used to support SMEs in developing countries working in the fields of renewable energy and sustainable agriculture.
The Swiss impact asset manager made its first climate infrastructure investment in Latin America and also provided funding to one of Southeast Asia’s leading fruit processing and export companies.
From now on you will receive our newsletter 3 times a week (Tue, Thu and Fri).
Free newsletter. Sign up now
Register your email address and receive our newsletter direct to your inbox.
Offering independent news and analysis about impact investing and sustainable finance.
For free.
