NOVO Energy (Pty) Ltd is a South Africa-based integrated gas company founded in 2008. The company's core focus lies in providing comprehensive fuel solutions utilizing compressed natural gas (“CNG”) technology to a wide range of customers, including vehicular, industrial, commercial, and residential clients. NOVO Energy engages in sourcing gas from both conventional suppliers such as pipelines, as well as developing its own alternative or unconventional methane sources like biogas, coal bed methane, and unconventional biogenic sources. The entire process from cleaning, compression, to distribution of CNG falls within NOVO’s scope of activities. The company is also involved in establishing, owning, and operating essential gas infrastructure such as gas compression stations, dispensing stations for vehicles, and pipelines. It offers turnkey solutions for industrial applications and vehicle conversions for fleets. Additionally, NOVO Energy boasts a subsidiary that serves as a registered credit provider specializing in equipment financing for customers. In 22nd May 2016, the company received a Private Equity Round investment from Harith General Partners, signifying an endorsement from significant investors in the energy and gas industry. NOVO Energy operates within the Energy and Oil and Gas industries and has positioned itself as a crucial player in the South African energy market. With its emphasis on engineering, energy, and security, NOVO Energy is poised to make a substantial impact in the gas sector.
Funding Stage | Amount | No. Investors | Investors | Date |
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Private Equity Round | Unknown | 1 | Harith General Partners | 22 May 2016 |
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