Author:
17-05-2022
Gazelle Finance invested $500,000 in Fruit Logistics, which is 100% owned by Nino Kapanadze. The use of proceeds was used to build out new cold storage and warehouse facilities and to provide working capital financing to enable the company to handle over 100,000 tons of fresh fruit and vegetables per year. In addition, with the support of USAID Georgia, Gazelle Finance will provide technical assistance to support the company’s transition to near 100% on-grid generated renewable energy with the installation of 130.9 KW of roof installed solar panels, which will generate $30,000-40,000 in energy savings per year.
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