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All On, an impact investment company focused on expanding access to renewable energy solutions in Nigeria, has invested $1 million in Eja-Ice Nigeria Limited to boost cold-chain infrastructure and improve access to reliable refrigeration services in underserved and off-grid communities across the country.
The investment is expected to support Eja-Ice’s manufacturing capacity and operational expansion as the company scales its solar-powered refrigeration and cold storage solutions to meet growing demand in areas with limited or unreliable electricity supply.
The move comes amid increasing efforts to address post-harvest losses and improve food preservation in rural and coastal communities, where inadequate cold storage facilities continue to affect the livelihoods of small-scale farmers, fishers, traders and agro-processors.
According to All On, the funding will enable Eja-Ice to expand its cold-chain solutions, helping households, small businesses and institutions preserve perishable products while strengthening local value chains and economic activities.
Speaking on the investment, Chief Executive Officer of All On, Caroline Eboumbou, said the funding aligns with the company’s strategy of backing businesses that improve energy access while creating economic opportunities.
“All On’s investment in Eja-Ice reflects our approach of supporting solutions that improve energy access while enhancing livelihoods, reducing costs, and enabling businesses to grow,” she said.
“Strengthening cold-chain infrastructure is an important step towards building more resilient local economies and expanding opportunities in underserved markets.”
Nigeria continues to face significant challenges in cold-chain logistics, particularly in remote communities where poor electricity supply contributes to high levels of food spoilage and income losses. Industry experts estimate that inadequate storage infrastructure accounts for substantial post-harvest losses across agricultural and fisheries value chains annually.
Eja-Ice has positioned itself as a key player in addressing this challenge through the deployment of solar-powered cold storage systems designed for off-grid and weak-grid environments. The company’s solutions are currently being used by micro-enterprises, cooperatives and community-based businesses that rely on refrigeration to preserve fish, fruits, vegetables and other perishable products.
The company’s integrated cold-chain model combines local manufacturing and assembly with tailored service delivery, enabling it to develop products suited to the realities of underserved African markets.
Founder and Chief Executive Officer of Eja-Ice Nigeria Limited, Yusuf Bilesanmi, described the investment as a major milestone in the company’s growth journey.
“This capital raise is a huge step forward in our vision to power homes and businesses with products designed, assembled, and optimized right here on the continent,” Bilesanmi said.
“It’s not just about access to electricity—it’s about dignity, productivity, and opportunity for the over 600 million people across sub-Saharan Africa who are still off-grid.”
He noted that the funding would help the company deepen its reach across Nigeria and other African markets while increasing local production of energy-efficient cooling solutions.
The investment further strengthens All On’s role in supporting Nigeria’s renewable energy ecosystem through debt and equity financing for businesses developing sustainable energy solutions.
Founded to help bridge Nigeria’s energy access gap, All On provides financial and non-financial support to companies focused on delivering affordable and reliable renewable energy services to low-income households and small businesses.
For Eja-Ice, the fresh capital is expected to accelerate efforts to reduce post-harvest losses, improve food security and increase incomes for thousands of small-scale producers and traders operating in underserved communities.
The deal also highlights growing investor interest in renewable energy-powered infrastructure as a tool for addressing both energy poverty and economic development challenges across Africa.
