Nedbank has made a substantial investment of approximately R500-million into the Airnergize Capital Fund I, a clean-tech initiative launched by New GX Capital. This funding, amounting to $28-million, highlights Nedbank CIB’s commitment to supporting renewable energy and sustainable infrastructure across Africa.
The Airnergize Capital Fund, led by CEO Khudusela Pitje, was established in April 2025 with the aim of investing in renewable energy, gas, and water infrastructure throughout the continent. Since its inception, the fund has amassed a total of $161-million from various investors, indicating strong interest in clean technologies.
The partnership with Nedbank dates back four years, beginning with the acquisition of Mettle Solar, which has since evolved into a prominent player in the solar and storage market under the name Sustainable Power Solutions. This relationship is expected to strengthen as they work together to expand clean-tech infrastructure under the Airnergize brand.
In addition to the recent investment from Nedbank, Airnergize previously secured $111-million from RMB Ventures at its launch. The fund now includes Sustainable Power Solutions, which is strategically positioned for further growth in South Africa and other selected African markets.
The alignment between Nedbank and Airnergize Capital reflects a shared vision for a sustainable future, as noted by Tebatso Modiba, a deal executive at Airnergize Capital. Both parties are committed to building a leading clean-tech platform that aims to unlock opportunities for a sustainable tomorrow across the continent.