Tagaddod Secures $26.3M to Boost Renewable Feedstock Platform Across Africa and Beyond
Cairo-based Tagaddod, a platform specializing in renewable feedstock, has successfully closed a $26.3 million Series A funding round. The investment was spearheaded by The Arab Energy Fund (TAEF), with notable participation from FMO, VKAV, and A15 Ventures. The company’s innovative approach to sourcing and managing waste-based materials for biofuels and Sustainable Aviation Fuel (SAF) has garnered significant financial backing, paving the way for substantial regional expansion and reinforcing global supply chains.
Addressing the Renewable Feedstock Bottleneck
The increasing global demand for sustainable fuels, including biofuels and SAF, highlights a crucial challenge: the availability of suitable feedstocks. Tagaddod tackles this bottleneck head-on. The company’s technology-driven platform focuses on the collection and tracing of waste-based feedstocks like used cooking oil and animal fats. This is critical for the sustainable energy transition, particularly across Africa. These feedstocks are then utilized in the production of biofuels and SAF, which are essential in lowering emissions. The platform’s features include AI-powered logistics optimization, predictive analytics, and automated traceability systems, all designed to digitize waste collection processes and streamline the supply of renewable feedstocks.
Tagaddod currently operates in Africa, Asia, and Europe, with established hubs in Egypt, Jordan, and the Netherlands. The company has plans to expand into Saudi Arabia, further strengthening its international presence. Tagaddod’s operations across these diverse regions demonstrate its ability to scale its model and contribute to a more sustainable and efficient renewable energy infrastructure.
Tagaddod is committed to creating a sustainable solution by tackling the feedstock bottleneck. This approach is key for companies who wish to lower emissions and create renewable energy sources.
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