Company description
At Koolboks, we design and manufacture solar-powered, energy-efficient refrigeration systems for off-grid and underserved communities. By combining solar technology, advanced energy storage, and a flexible Pay-As-You-Go model, we enable small business owners to access reliable refrigeration without large upfront costs.
Our systems use smart energy management technology, allowing users to make manageable mobile-based payments while benefiting immediately from dependable cold storage solutions. In addition, Koolboks freezers are equipped with IoT technology for remote monitoring, performance optimization, and predictive maintenance, ensuring durability and efficiency even in challenging environments.
Through our solutions, Koolboks helps reduce food waste, lower carbon emissions from diesel-powered cooling, and strengthen local food supply chains across underserved communities.
Team
The Koolboks executive team offers 40+ years of aggregate experience across global giants (AstraZeneca, Servier, Abbott, BNP Paribas, L’Oreal) and high-growth startups.
Strategic Leadership: CEO Ayoola Dominic and Nicolas Folliot previously led West African acquisitions and scaled regional teams by 300%+ in the pharmaceutical sector.
Operations & HR: COO Deborah Gaël (INSEAD GEMBA) scaled Koolboks to 25+ markets and manages institutional funding totaling €14M+.
Marketing & Market Access: Natalie Casey (LSE/Darden MBA) brings 15+ years of marketing and international product launches across Africa, Latin America and Europe.
Finance: Multi-disciplinary background in fundraising, investor relations, P&L accountability, financial planning at Abbott, and complex supply chain management.
Countries of operation
Kenya, Nigeria
Ownership of company
Nigeria
Year of incorporation
2018
Number of years since incorporated
8
Project pitch
At Koolboks we are showcasing our solar-powered refrigeration solutions designed to address the lack of reliable cold storage across Sub-Saharan Africa. Limited access to refrigeration continues to drive significant post-harvest losses and income instability for small businesses, particularly in the food value chain.
Our solution combines solar-powered freezers with flexible financing models, enabling SMEs to access clean and reliable cooling without upfront cost barriers or dependence on diesel. This reduces operating costs while improving business productivity and resilience.
At the Nigeria–EU Business Forum, Koolboks is seeking strategic investment and partnerships to scale distribution, strengthen local assembly and supply chains, and expand access to financing for end-users. The focus is on accelerating market penetration in Nigeria and other high-growth markets.
The project aligns with climate and development priorities by reducing food waste, lowering carbon emissions, and supporting income generation for underserved communities.
Type of Project
Clean Energy / Climate Tech / Agri-cold chain infrastructure
Stage of project
Growth / Expansion stage
Total project cost (in EUR)
30,000,000
Annual revenue (in EUR)
1.000.000–5.000.000 EUR
Number of employees
Between 50 and 250 employees
Financing needs (in EUR)
27 million
Type of financing needed
Blended finance (equity and debt)
Planned allocation of fundraising capital
- Market expansion in key markets
- Strengthening local assembly and supply chain capacity
- Scaling customer financing solutions to improve affordability
- Product deployment and after-sales support infrastructure
ayod@koolboks.com
Website/URL
www.koolboks.com
