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Enko Capital has invested in EV.Tech, an electric vehicle charging company in Côte d’Ivoire. The deal was announced in Abidjan on 28 August 2026. The investment was made through Enko Capital’s Francophone West Africa SME strategy, known as FCPR.
The FCPR strategy has created a financing plan to support EV.Tech’s growth. Enko Capital states that this funding will help the company progress and prepare for future fundraising.
This support will enable EV.Tech to capitalise on the increasing demand for electric mobility in Côte d’Ivoire and the surrounding area.
“This investment by Enko Capital marks a new milestone in EV.Tech’s development. Beyond the confidence placed in this Ivorian start-up by a leading player in the financial sector, it will allow us to accelerate the roll-out of our infrastructure and to further our ambition of making electromobility a practical solution, accessible to the people and businesses of Côte d’Ivoire”, said Florent Thomas and Esther Dagri, co-founders of EV.Tech, in a joint statement.
EV.Tech was founded in 2021 by Florent Thomas and Esther Dagri. It is the first company in Côte d’Ivoire to focus on electric vehicle charging solutions. The company handles everything from installing to maintaining charging stations.
It also runs a mobile app called Neo Charging, which lets users find charging stations, check availability and prices, and track charging progress in real time.
EV.Tech has built a network of 70 charging stations across the country. It has also formed partnerships with major companies in the transport and fuel distribution sectors.
Founded in 2008, Enko Capital is an African-focused asset management firm managing debt, private debt, equity and private equity investments across Africa. It aims to provide good returns for investors while managing risk.
Cyrille Nkontchou, Managing Partner of Enko Capital, said, “We are delighted to support EV.Tech through this new phase of its development. The Company has demonstrated its ability to deploy infrastructure that is essential to the development of Côte d’Ivoire’s electric mobility ecosystem. This investment represents the second transaction completed under the FCPR strategy, following our investment in Burger King Côte d’Ivoire, and reflects our commitment to supporting high-potential companies that play a driving role in the development of their sector and in value creation within the local economy.”
The announcement comes a couple of days after Enko Capital announced that the Caisse des Dépôts et Consignations of Benin (CDC Benin) has subscribed to its Francophone West Africa SME Strategy. This is an Alternative Investment Fund focused on supporting small and medium-sized enterprises in Francophone West Africa.
The FCPR strategy invests in small and medium-sized businesses with strong growth potential across Francophone West Africa. It backs companies led by capable teams across a wide range of sectors.
Cheikh Souleymane Diallo, Senior Investment Director at Enko Capital, said, “Our investment in EV Tech illustrates the flexibility of the FCPR strategy and its ability to offer financing solutions tailored to the specific needs of companies at different stages of their development. We are particularly confident in the outlook for the electric mobility sector in West Africa, driven by rapid urbanisation, rising fossil fuel costs, technological advances and the growing commitment of public authorities to the energy transition.”
