$19M Into Cold Solutions To Chill Kenyan Food

❄️ Meet Cold Solutions

• Cold Solutions is a Kenyan logistics firm building large-scale, sustainable cold storage for the country's agricultural sector.

• They just raised $19M in a fresh funding round.

• Investor check. Mirova led the investment through its Gigaton Fund to back climate-smart logistics in East Africa.

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🍎 Stopping the Spoilage

• Right now, between 20% and 50% of food produced in Kenya is lost before it even reaches a consumer. The main culprit is a lack of reliable refrigeration.

• By fixing this broken link, Cold Solutions helps boost farmer incomes and makes food supplies more stable across the region.

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🏗️ A Solar-Powered Moat

• They are currently building a massive 15,000-square-meter facility powered by its own dedicated solar plant.

• Using renewable energy keeps their operating costs low and their carbon footprint small.

• It is considered the largest and most advanced cold storage complex in East Africa.

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🚛 What's the Goal?

• The capital will go toward finishing the Kiambu facility and growing their fleet of refrigerated trucks.

• The team eventually wants to expand across East Africa to create a regional network of these "green" cold hubs.