All On, an impact investing company focused on expanding access to renewable energy solutions in Nigeria, has announced a $1 million investment in Eja-Ice Nigeria Limited to support the expansion of solar-powered refrigeration and cold-chain infrastructure across underserved communities.

The investment is expected to strengthen Eja-Ice’s manufacturing capacity and operational scale as the company enters its next phase of growth, enabling wider deployment of cold-chain solutions to households, small businesses and institutions in off-grid and weak-grid locations.

The development comes amid growing concerns over inadequate cold storage infrastructure in Nigeria, particularly in coastal and rural communities where unreliable electricity supply continues to drive significant post-harvest losses, reduced incomes and heightened food insecurity.

Industry stakeholders have consistently identified access to reliable refrigeration as a critical constraint within agricultural and fisheries value chains. The absence of adequate storage facilities often leads to the spoilage of perishable goods before they reach consumers, undermining productivity and profitability for small-scale producers.

According to All On, the new capital injection will support the scale-up of energy-efficient refrigeration systems designed to preserve perishable goods, strengthen local value chains and improve economic opportunities in underserved areas.

Commenting on the investment, Chief Executive Officer of All On, Caroline Eboumbou, said the funding aligns with the company’s strategy of supporting businesses that deliver practical solutions to Nigeria’s energy access challenges while generating broader socio-economic benefits.

“All On’s investment in Eja-Ice reflects our approach of backing solutions that improve energy access while enhancing livelihoods, reducing costs and enabling businesses to grow.

Strengthening cold-chain infrastructure is an important step towards building more resilient local economies and expanding opportunities in underserved markets,” she said.

She added that improving access to sustainable, energy-powered infrastructure remains critical to unlocking economic potential and enabling productive use of energy in communities with limited electricity access.

Eja-Ice has developed a business model centred on solar-powered cold storage and ice solutions tailored to the needs of small-scale fishers, traders and enterprises handling perishable goods. Its integrated approach allows for greater control over product design, operational efficiency and service delivery, ensuring solutions are adapted to local market realities.

Founder and Chief Executive Officer of Eja-Ice Nigeria Limited, Yusuf Bilesanmi, described the investment as a major milestone for the company’s growth and its commitment to local manufacturing and innovation.

“This capital raise is a significant step forward in our vision to power homes and businesses with products designed, assembled and optimised locally. It is not just about electricity access, but about dignity, productivity and opportunity for the over 600 million people across sub-Saharan Africa who remain off-grid,” he said.