Koolboks, the Lagos maker of solar freezers, gets new credit to meet demand
The company has sold more than 15,000 units in over 25 markets and employs about 400 people in Nigeria, Kenya and Uganda.
Lagos — Koolboks, a Nigerian company that makes solar-powered freezers, has secured a credit facility from TLG Capital to pay for stock and expand its retail and appliance partnerships.
Founded in 2018 by Ayoola Dominic and Deborah Gaël, Koolboks sells solar freezers and appliances to traders, small businesses and corporate customers. Its products combine solar panels, a patented "ice battery" and pay-as-you-go technology, so they keep cooling day and night, including during power cuts.
Made in Lagos
The company has sold more than 15,000 units and shipped to over 25 markets. It assembles its products in Lagos and employs about 400 people across Nigeria, Kenya and Uganda. Its Koolbuy platform offers pay-as-you-go for household appliances from major brands.
The facility combines TLG's private credit with a guarantee from Cascador, a Nigeria-focused platform for growth-stage founders, delivered in partnership with Morgan Stanley. The size was not disclosed.
"We have serious ambitions to address cold-chain infrastructure across Africa, and this facility gives us the capital and support to chase them," said Dominic, the chief executive.
The deal brings TLG's commitments to US$65 million across 16 Nigerian small and medium-sized businesses over the past two years.
Source: Disrupt Africa, November 2026.
