JOHANNESBURG, 14 September 2026 — Airnergize Capital, the clean technology investment platform of New GX Capital, has confirmed the final close of Fund I at R3.89 billion, with the Development Bank of Southern Africa (DBSA) committing R240 million as lead development finance institution.
Airnergize Capital invests institutional and development capital into energy, water and gas infrastructure businesses across Southern and broader Africa. The platform is black-owned and controlled, and invests for measurable environmental and social outcomes alongside commercial returns.
The Fund I investor group comprises New GX Capital, RMB Ventures, Standard Bank, Nedbank and the DBSA — a register that places South Africa’s major commercial balance sheets and the country’s development finance institution in a single vehicle. The DBSA commitment followed a full institutional due diligence of the platform, its governance and investment process.
“DBSA’s mandate is to mobilise capital toward infrastructure that supports inclusive growth, and a platform like Airnergize does that at scale rather than one transaction at a time. Backing a fund alongside commercial investors allows us to crowd in private capital rather than compete with it, which is exactly the kind of blended approach South Africa needs if it is going to close its infrastructure investment gap.”
Mahlatsi Molokomme, Principal Investment Officer, Development Bank of Southern Africa
Initial deployment is into commercial and industrial solar and storage assets operating in South Africa, sub-Saharan Africa and the Indian Ocean islands, with a pipeline extending across generation, transmission-related infrastructure, water and gas.
“Getting to R3.89 billion, with this calibre of investor around the table, tells you the market believes in what we are building. Each investor, including the DBSA, has added something different: balance sheet strength, sector expertise, a development mandate. We have built a platform that can turn this capital into operating infrastructure that moves the needle across energy, water and gas, and that contributes to energy security in South Africa and the region.”
Khudusela Pitje, Group Chief Executive, New GX Capital
Airnergize Capital sits alongside AiZAR Capital, the group’s digital infrastructure platform, and Airnergize Ventures, its early-stage clean technology and digital venture arm, within New GX Capital’s investment platform.
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Notes to editors
— Fund I reached final close on 31 July 2026. Total investor commitments: R3.89 billion.
— DBSA commitment: R240 million — the largest development finance commitment to the platform, and the basis on which DBSA is described as lead development finance institution.
— Airnergize Capital is an investor in, not an operator of, its portfolio businesses.
— Background, not for attribution: Airnergize Capital participates as an investor in the Pulse Infrastructure consortium, one of seven consortia publicly prequalified under South Africa’s Independent Transmission Programme. Participation is as an investor only; no award has been made and none is claimed.
About Airnergize Capital
Airnergize Capital is the clean technology investment platform of New GX Capital, a black-owned and controlled South African investment group. The platform invests in renewable energy, gas and water infrastructure across Southern and broader Africa, targeting measurable environmental and social outcomes alongside commercial returns. Fund I reached final close in July 2026 at R3.89 billion.
airnergizecapital.co.za
About the DBSA
The Development Bank of Southern Africa (DBSA) shapes its utilities and infrastructure vision around sustainable development, economic resilience and closing service delivery gaps. Key pillars of the DBSA’s infrastructure and utilities vision include:
— Green economy and climate finance: prioritising low-carbon, resource-efficient pathways, including funding renewable energy projects, electric vehicle ecosystems and climate-smart infrastructure to combat climate change.
— Core utilities and municipal support: focusing on primary sectors such as water and sanitation, energy, transport and ICT, including specialised initiatives such as the water programme office to address backlogs in major metropolitan areas.
— Bridging the investment gap: collaborating with institutions such as the World Bank and the New Development Bank (NDB) to mobilise trillions of rands for sustainable, resilient infrastructure that meets the Sustainable Development Goals.
— Digital transformation: modernising public infrastructure through smart technologies, high-speed broadband expansion and data-driven frameworks such as the Digital Connectivity Investment Roadmap.