25 October 2024: SureChill, a leader in sustainable refrigeration technology, has secured a strategic equity investment from key partners including Gaia Impact, Sanofi’s Impact Investment Fund, EDFI MC, Chroma Impact Fund, Next54 (CFAO Group VC), and Novastar. This investment will enable the company to scale its efforts in delivering cutting-edge cooling solutions critical for global health and sustainability. Additionally, SureChill is being supported by Oikocredit and Hivos-Triodos Fonds with a credit facility aimed at accelerating the deployment of its “Cooling as a Service” model in Kenya and Nigeria, while providing working capital to its distributors.

These new partnerships underline SureChill’s commitment to advancing the productive use of renewable energy (PURE) sector and achieving its mission of delivering reliable cold chain solutions in underserved regions. SureChill’s innovative refrigeration systems enable small and medium-sized enterprises to generate additional income by preserving fresh products, while medical centers and clinics can reliably store and dispense vaccines and other temperature-sensitive medicines.

This combined investment will further strengthen SureChill’s impact in several key areas:

• Unique off-grid and weak-grid cooling: Over the next five years 30 million people impacted by the power of SureChill refrigeration through innovations and exciting new commercial models such as Cooling as a Service and Energy as a Service;
• Vaccine preservation: SureChill’s technology has already facilitated the safe delivery of 180 million vaccine doses, ensuring that life-saving immunizations reach vulnerable populations in remote regions;
• Improved health outcomes: This investment will enable SureChill to extend its reach, particularly in support of the GAVI 2030 initiative aimed at reducing the number of zero-dose children;
• Reduction in greenhouse gas emissions: By leveraging renewable energy and energy-efficient technology, SureChill solutions reduce greenhouse gas emissions by 70% compared to conventional refrigeration systems, contributing to a more sustainable future;
• Food waste reduction: SureChill’s refrigeration technology plays a crucial role in reducing food waste by maintaining optimal conditions for perishable goods, particularly in regions where food security remains a significant challenge
• Expanding reach: Over the next five years, SureChill’s innovative refrigeration models, including “Cooling as a Service” and “Energy as a Service,” are expected to positively impact the lives of 30 million people.
• Contributing to the UN’s Sustainable Development Goals: Owning a SureChill solar fridge contributes to nine of the United Nations’ Sustainable Development Goals, creating meaningful change beyond just refrigeration.

The strategic partnership with the new investors represents a shared vision of creating long-lasting impact through innovation. Rather than simply providing financial backing, these partners bring decades of expertise and support to help SureChill accelerate its mission.

“We are thrilled to collaborate with such esteemed partners who share our commitment to sustainable innovation,” said Emilien Di Gennaro, SureChill CEO. “Together, we are taking concrete steps toward solving critical global challenges related to vaccine preservation, climate change, gender equality, and food security. SureChill’s pioneering refrigeration technology, which operates without a constant power supply and without batteries, is set to drive universal access to cooling”.

Additionally, this investment supports the expansion of local commercial, logistical, and technical platforms in Sub-Saharan Africa. After establishing a Kenyan entity in 2020, SureChill has recently set up a new entity in Nigeria to further expand its unique and innovative business model, “Cooling as a Service.”