DBSA Invests $5.4m in Off-Grid EVs

Key Figures & Findings: The Development Bank of Southern Africa (DBSA) has confirmed a R100 million (approximately $5.4 million) equity investment in Zero Carbon Charge (CHARGE), supporting South Africa’s first nationwide network of entirely off-grid, solar-powered, ultra-fast electric vehicle (EV) charging stations. With the funding secured, CHARGE will begin construction of new sites along the N3 corridor linking Johannesburg and Durban, followed by the N1 corridor to Cape Town.

Statistics & Insights: The investment, initially approved in April 2025, followed months of due diligence to ensure implementation readiness. Each charging site is designed to operate independently of the national grid, enhancing reliability while creating inclusive economic opportunities for rural landowners and local communities.

Future Implications: If successful, the rollout could position South Africa as a pioneer in renewable-powered EV infrastructure across the continent. Expanding off-grid charging networks would also accelerate electric mobility while reducing reliance on coal-heavy municipal grids.

Source: Green Building Africa

Quick Take: DBSA commits $5.4m to South Africa’s first off-grid EV charging network, driving a milestone for clean transport.