Enko Capital Backs Côte d'Ivoire's EV.Tech to Grow EV Charging

Côte d'Ivoire's EV.Tech has secured an investment from Enko Capital to expand its electric vehicle charging network, according to a report by WeeTracker.

The deal makes EV.Tech one of the few West African startups to attract institutional capital specifically for charging infrastructure, rather than for vehicle assembly, ride-hailing, or battery swapping. Enko Capital, an Africa-focused investment firm, did not disclose the size of the investment in the announcement reported by WeeTracker.

EV.Tech has positioned itself as a provider of charging solutions for electric vehicles in Côte d'Ivoire, a market where the EV fleet remains small but where two- and three-wheeler electrification is accelerating across the region. The company plans to use the fresh capital to build out its network of charging points.

The investment signals growing investor interest in the infrastructure layer of Africa's nascent electric mobility market. Most funding in the sector to date has gone to startups selling or financing electric motorcycles, scooters, and buses, while charging networks, the backbone required for adoption at scale, have attracted far less capital.

Côte d'Ivoire offers a test case for that thesis. The country has one of the more reliable electricity grids in West Africa, with generation capacity anchored by gas-fired and hydroelectric plants. That grid stability matters for charging operators: in markets with frequent outages, charging businesses must absorb the cost of backup power, which erodes unit economics.

Enko Capital's decision to back an Ivorian charging operator also reflects a broader shift in African venture capital. Investors are increasingly looking beyond the continent's traditional hotspots, Nigeria, Kenya, Egypt, and South Africa, toward francophone West Africa, where a growing number of startups are raising institutional rounds.

The financial terms, valuation, and structure of the deal were not disclosed in the WeeTracker report. Neither EV.Tech nor Enko Capital has publicly detailed a timeline for the network expansion or specified target locations for new charging stations.

For EV.Tech, the capital arrives at a formative moment for electric mobility in francophone West Africa. Neighboring markets have seen a wave of electric two-wheeler entrants, and demand for charging capacity is expected to follow the vehicles. If EV.Tech can establish density in Côte d'Ivoire before competitors arrive, the company could become the default infrastructure partner for fleet operators and individual riders making the switch to electric.

The bet now rests on execution: building charging points fast enough to stay ahead of vehicle adoption, while keeping costs low enough to survive the early, thin-utilization phase of the market.