All On invests $1m into Eja-Ice to expand solar cold storage in Nigeria

All On, an impact investment firm dedicated to improving access to renewable energy solutions in Nigeria, has invested a $1 million in Eja-Ice Nigeria Limited, a company specialising in solar-powered refrigeration and cold-chain infrastructure.

The funding, according to All On, will help Eja-Ice expand its manufacturing capacity and scale up operations as it moves into a new growth phase.

The investment is expected to accelerate the deployment of the company’s cold-chain solutions, increasing access to dependable cooling services for households, small businesses and institutions operating in off-grid and poorly served electricity markets.

Speaking on the investment, Caroline Eboumbou, Chief Executive Officer of All On, said the partnership aligns with the company’s strategy of supporting businesses that improve energy access while creating economic opportunities.

Read also: PTML plans $50m Lagos port expansion to handle larger ships

“Eja-Ice represents the type of solution we seek to support—one that enhances livelihoods, lowers operational costs and enables businesses to thrive. Expanding cold-chain infrastructure is critical to building stronger local economies and unlocking opportunities in underserved communities,” she said.

All On Partnerships for Energy Access (All On), an independent impact investing company, was seeded by Shell to catalyse the growth of Nigeria’s off-grid energy market to provide affordable, reliable, and sustainable energy for low-income households and small businesses.

Reliable cold storage remains a major challenge in Nigeria, particularly in rural and coastal communities where inadequate energy infrastructure contributes to significant post-harvest losses and unstable incomes for small-scale farmers and producers.

Through its energy-efficient refrigeration technology, Eja-Ice is helping to tackle these challenges by improving the preservation of perishable products, reducing waste and strengthening local agricultural value chains.

Yusuf Bilesanmi, Founder and Chief Executive Officer of Eja-Ice Nigeria Limited, described the funding as a significant milestone in the company’s mission to deliver locally designed and assembled energy solutions across Africa.

He said, “This investment marks a major step towards our vision of powering homes and businesses with products that are designed, assembled and optimised on the continent.

“Beyond electricity access, it is about creating dignity, boosting productivity and expanding economic opportunities for more than 600 million people across sub-Saharan Africa who remain without reliable power.”

Eja-Ice’s integrated cold-chain model gives the company greater oversight of product development, operational performance and service delivery. This approach ensures its solutions are tailored to the specific needs of underserved markets.

The company’s refrigeration systems already support micro-enterprises, cooperatives and community infrastructure projects, particularly in areas with limited access to reliable electricity.

Eja-Ice Nigeria Limited is a manufacturing company providing solar-powered cold storage and ice solutions to support small-scale fishers, traders, and businesses handling perishable goods. Its solutions are designed to reduce post-harvest losses, improve incomes, and strengthen food security in underserved and off-grid communities.