About Vermicom
A Manufacturer Built on National Significance
Vermicom Incorporated is a South African advanced-energy-storage and green-manufacturing company, established to industrialise the local battery value chain.
Mission
The world's most sustainable battery.
To produce the world's most sustainable, carbon-lowest batteries by utilising local green energy sources, locally mined minerals and short supply chains — replacing imported cells with cells made in Africa from African minerals.
Vision
Catalyst for Africa's green industrial revolution.
To build a self-sufficient, circular energy ecosystem that creates jobs, drives innovation and powers the continent — anchored by a world-class multi-chemistry cell plant at Coega.
Corporate Structure
A Structure Built for Scale and Governance
Vermicom Incorporated is the operating entity, held through an international parent company to be incorporated upon finalisation of Series A. The structure ring-fences project risk and governs manufacturing, materials and recycling across the group.
International Parent Co.
Vermicom Incorporated
Cell Manufacturing
Multi-chemistry cell production — Zinc-Air, Li-ion, Na-ion.
Materials & Beneficiation
Regional mineral sourcing and precursor processing.
Recycling & Second-Life
Cell recycling and second-life energy storage systems.
Why South Africa
The Rational Home for African Cell Manufacturing
South Africa combines the minerals, the energy, the ports and the policy to anchor a continental storage industry.
Trade Agreements
US-AGOA & EV Tax Credit
Access to the US market for qualifying African-manufactured goods — including potential EV tax credit benefits for batteries.
AfCFTA
Access to the wider African continent — removing tariffs on intra-African trade and opening a 1.4-billion-person market.
Fiscal Incentives
APDP
The Automotive Production & Development Programme provides a 12% rebate on auto sales, supporting local cell supply into the automotive value chain.
Section 12I
Tax allowance on qualifying capital expenditure for greenfield manufacturing capacity, including this plant.
Coega SEZ Incentives
15% preferential corporate tax rate (reduced from the standard 27%), Customs Controlled Area treatment, turnkey factory options and VAT exemption on qualifying supplies.
Transformation
Level 1 B-BBEE contributor — the highest rating, unlocking full access to the fiscal incentives above and positioning the plant for preferential procurement.
Supply Chain Emissions
Decarbonising the Cell From Mine to Module
Most battery emissions are upstream. Vermicom's co-location and beneficiation strategy attacks the supply chain at its source — cutting the cell footprint from ~97 kg CO₂e/kWh today toward 12–24 kg CO₂e/kWh by 2030.
Source: McKinsey & Company, February 2023 — Battery Supply Chain Decarbonization.
Mining & Refining
26 kg CO₂e/kWh- Renewable mining, regional refining, traceable feedstock.
Active-Material Production
32 kg CO₂e/kWh- Co-located precursors, green energy for thermal processes.
Other Components & Logistics
14 kg CO₂e/kWh- Localised supply, short-haul logistics, electrified freight.
Cell Manufacturing
25 kg CO₂e/kWh- Behind-the-meter renewables, waste-heat recovery, clean grid.
Bar widths reflect relative emissions (kg CO₂e/kWh). Co-location and beneficiation target a 97 → 12–24 kg CO₂e/kWh pathway by 2030.
Vermicom Incorporated is building Africa's first multi-chemistry battery cell manufacturing plant — Zinc-Air, Lithium-ion and Sodium-ion — at the Coega Special Economic Zone, South Africa.
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