Investor Overview
A Bankable African Energy-Storage Platform
Vermicom is raising capital against a de-risked, feasibility-backed plan to build Africa's first multi-chemistry cell plant at the Coega SEZ.
Funding Requirement
Two Tiers, One Investment Thesis
Capital is being raised in two clear tranches — a focused feasibility phase, then a full project-financed build-out.
c. USD 2M
Bankable Feasibility Study & FEED
- Complete BFS & Front-End Engineering Design (FEED) for a 1–5 GWh facility
- EPC pre-qualification & cost certainty
- Off-take and partnership finalisation
- Anchor-equity close for Phase 2
c. USD 250M
Full 5 GWh Build-Out
- Land, utilities and early works at Coega
- Cell lines for all three chemistries
- Commissioning and customer qualification
- Ramp to 5 GWh annual capacity
Project Status
Where the Project Stands Today
Feasibility
Securing funding partners to complete the Bankable Feasibility Study (BFS) and FEED for a 1–5 GWh facility.
Partnerships
LoIs signed with strategic counterparties across renewables, automotive and telecoms; JV term sheet in progress.
Site
Coega SEZ aligned — Zone 1, Port of Ngqura precinct, with site works planning under way.
Equity Raise
Two-tier raise open to strategic and institutional investors.
De-Risking
What Makes This Investment Bankable
SEZ incentives lock in a 15% corporate tax rate, Customs Controlled Area treatment and VAT relief
Three chemistries diversify technology and end-market risk
Deep-water port on site compresses logistics and freight exposure
Fiscal instruments (APDP 12% auto rebate, Section 12I) co-fund capacity
Project Roadmap
2026–2029: From Feasibility to Full Production
Feasibility Study & Fundraising
2026–2026Bankable Feasibility Study (BFS) and Front-End Engineering Design (FEED) for a 1–5 GWh facility.
Engage
Request the Investor Deck
Submit an enquiry and the Vermicom team will respond with the investment memorandum, feasibility summary and secure access to full project documentation.
This page is not an offer to sell securities. Nothing here constitutes investment advice.