2020 Spring Cohort

PandanGreen (Pandan) is an emerging initiative launched by experienced climate, financial markets and inclusion professionals aimed at bringing large scale private sector climate finance to vulnerable communities in developing countries worst hit by climate change while placing high consideration to gender and social equity. It has been competitively selected by the International Climate Finance Accelerator Luxembourg (ICFA) 2020 Spring Cohort.

As climate change takes hold across the developing world, resulting in increased frequency and intensity of extreme weather events with adverse repercussions for agriculture, food and energy security and water availability, vulnerable communities including women are among the most-exposed groups, and increasingly seek to adapt to these changes and increase their resilience to safeguard their livelihoods.

Pandan works through financial institutions that reach the most vulnerable communities in selected developing, least-developed countries (LDCs) and small island developing states (SIDS) in the Asia-Pacific region. It facilitates green lending to financial intermediaries that on-lend to end-borrowers such as smallholder farmers, agricultural cooperatives, communities, household or micro enterprises being often women led, for their investments in climate-smart technologies, services and business models reflected in countries’ National Adaptation Plans (NAPs), Nationally Determined Contributions (NDCs) and national priorities.

Supporting its core team, Pandan is advised by a highly qualified, diversified advisory board which includes experts on Gender, Social equity, Financial markets and Financial Inclusion.

VAI Capital is an investment advisory and fund management company whose mission is to scale deployment of low-carbon road transport solutions globally.

There is growing pressure to adopt low emission transport solutions, and electrification of road transport is a top priority of policy makers globally. However, EV adoption at scale is faced with two main barriers: the high upfront costs of vehicles and infrastructure, and the lack of quick and reliable charging solutions.

Our first fund, the Vehicle Electrification Fund Africa (VEFA), will address these barriers and in doing so unlock a global market. The fund will invest in infrastructure projects that provide commercial fleets with vehicles and fast-charging infrastructure, as-a-service. VEFA will invest primarily in Southern and Sub-Saharan Africa, with the balance in OECD countries.

VEFA will support the development and implementation of green-field projects, working closely with local governments and supporting experienced project developers. The fund will be certified SDG-compliant, projects will comply with ESG risk management criteria, and SDG impact will be reported upon at project and fund levels. The partners bring over 50 years combined experience in electric vehicle and renewable energy technology, project development, and fund management.

VAI Capital’s ultimate aim is to provide attractive financial returns and a compelling impact – reducing premature deaths from air pollution and accelerating the fight against climate change.

Mercy Corps Ventures (MCV), the impact investing division of a leading global development agency, invests in, supports and partners with high-impact ventures developing bold solutions to the world’s toughest challenges.

While promising efforts to slow climate change are in progress, adverse impacts on the world’s poorest are inevitable and accelerating. MCV’s climate adaptation venture fund will make seed and early-stage investments in ventures with innovative solutions that build climate-resilient communities in frontier markets and reduce the impact of climate-related shocks on the world’s most vulnerable people. MCV’s mix of investment capital, value-added support and catalytic partnerships help ventures overcome critical barriers, professionalize faster and scale smarter. Through this blended finance fund, strategic deployment of catalytic capital will attract multiples more in private investment–building financially sustainable, scalable models that fit local market conditions and positively impact people today.

Wangara Green Ventures is a climate-focused fund in Ghana that invests between USD50,000 to USD500,000 in equity and quasi-equity in Small and Growing Businesses (SGBs) in the missing middle that are engaged in renewable energy, energy efficiency, waste management, water management, climate-smart agriculture or generally climate-friendly businesses. Wangara also supports the growth and sustainability of these SGBs by making available pre-investment and post-investment Technical Assistance Grants to assist their growth and overall Environmental, Social and Governance impact.

Wangara Green Ventures seeks to promote Ghana’s economic development, job creation and industrial competitiveness through support for clean technology businesses and industries which represent some of the most promising and important sectors of the 21st century. Through the provision of financing and non-financial services, Wangara Green Ventures will support local entrepreneurs that develop innovative technologies and business models in these priority sectors. 

Wangara is sponsored by Innohub through the Ghana Climate Venture Facility (GCVF) from the World Bank.