Africa Angel Investors Network

Funding Tracker                 


Maxwell+Spark

Image

Maxwell+Spark is focused on replacing diesel and lead-acid systems with lithium-ion battery ecosystems across industrial logistics. The company designs and manufactures battery-powered solutions for forklifts, transport refrigeration, and backup power, helping industrial users transition to clean, efficient energy.


Location: South Africa
Website: https://maxwellandspark.com/
Sector: Energy
Funding Stage: Series B,
Total Funding ($m): 15
# of Founders: 2
Founding Year: 2015
Funding Year: 2025
Status: Active
YearAmountStageInvestors
2025$15mSeries BKlima, Alantra’s Energy Transition Fund, Chevron Technology Ventures (CTV) and Idemitsu.
Profile Picture
Clinton Bemont
Co-Founder & CEO
Profile Picture
Series B $15m
Klima, Alantra’s Energy Transition Fund, Chevron Technology Ventures (CTV) and Idemitsu.


News
https://launchbaseafrica.com/2025/10/27/south-africas-maxwellspark-raises-15m-to-decarbonise-forklifts-and-cold-chain-logistics/