Company description
Manamuz Electric provides solar-powered cold storage and greenhouse solutions to smallholder farmers and microenterprises in Nigeria.
By combining cold chain infrastructure with a digital supply chain platform, the company enables customers to reduce post-harvest losses, stabilize supply, and increase incomes while lowering energy and logistics costs.
The company operates an integrated model combining modular cold rooms, greenhouses, and its Coldbox Store platform to manage aggregation, storage, and distribution. Revenue is generated through asset sales and lease-to-own models, pay-per-use cooling, and transaction fees across its platform.
To date, Manamuz operates 7 solar-powered cold rooms serving 1,000+ microenterprises, with plans to scale its infrastructure and expand access to climate-resilient agricultural systems.
Team
Manamuz Electric has a sister company called manamuz foods that operates cold storage facilities we own . Together, both companies forms Manamuz Groop . Uzochukwu Mbamalu is the CEO and Co-Founder while Charles Aliozo is the Co-Founder who leads innovation and growth.
Countries of operation
Nigeria
Ownership of company
Nigeria
Year of incorporation
2026
Number of years since incorporated
0
Project pitch
Nigeria loses $9 billion in food value every year to post-harvest spoilage. Not because farmers are failing but because cold chains do not exist. Only 4% of Nigeria’s food moves through refrigeration that begins at the first mile. The rest rots between farm and market, keeping smallholder farmers poor and food prices permanently volatile.
Manamuz is building the infrastructure layer that fixes this . We deploy solar-powered Refrigerated Aggregation Centers which are cold chain hubs that aggregate, preserve, and distribute perishable produce from surrounding farms. Each RAC is paired with solar-irrigated greenhouses that enables year-round production and connected to an electric distribution fleet that moves supply to urban buyers. Every transaction across this network runs through Coldbox Store, our proprietary digital platform.
That platform is where the real value compounds. Every kilogram aggregated, every payment made, every repayment collected flows through ColdBox Store, generating supply chain and credit data at a resolution no lender or government agency has ever accessed in Nigerian agriculture. That data becomes the foundation for embedded finance: PAYGO financing for farmers and cold room buyers, with credit risk sitting on government and DFI balance sheets while Manamuz earns servicing fees.
We are not starting from zero. We have deployed 10 cold rooms and over 200 greenhouses. Enugu State Government and GEAPP/RMI have committed $833,000 to deploy 150 greenhouses and 2 cold rooms through our EWAS ( Energising Womwn and Youth in Agri food systems) cooperative programme. Farmers are already repaying through the platform. Revenue has grown from $33,000 in 2023 to $943,000 year-to-date in 2026, 7.7 times full-year 2025.
We are raising $2.8 million: $1.5 million in equity to build three new RACs and scale the platform, and $1.3 million in SPV funding to co-finance farm estate clusters and PAYGO contracts.
Type of Project:
Cold Chain For Fresh Produce
Stage of project
Growth
Total project cost (in EUR)
€2,570,400 EUR
Annual revenue (in EUR)
500.000-1.000.000 EUR
Number of employees
Between 10 and 50 employees
Financing needs (in EUR)
€2,570,400 EUR
Type of financing needed
Equity and SPV Financing
Planned allocation of fundraising capital
Total Raise: €2,570,400 €1,377,000 — Equity: Three new Refrigerated Aggregation Centers — €550,800: Platform Development — €344,250 : Working Capital — €275,400 SPV: SPV development and Equity Contribution — €206,550 | €1,193,400 (SPV Financing) : Greenhouse Farm Estate development — €734,400. PAYGO off balance sheet Financing — €489,600
Website/URL
www.manamuz.com
