Paras Patel Overview

  • Primary Position
  • Co-Founder & Man...

  • Primary Industry
  • Information Technology

  • Active Board Seats
  • 3

  • Med. Deal Size

Paras Patel General Information

Biography

Mr. Paras Patel is a Co-Founder & serves as Managing Partner at E3 Capital. He serves as a Board Member at ManoCap Energy, SolarX and served as board Member at PayGo Energy. He serves as Board Member at ZIZ Energie. Born and raised in Kenya, he has always had a strong desire to foster sustainable development across the African continent. His mission is clear - leverage market-based approaches to extend low-carbon, affordable and appropriate services to those who really need them most. As a founding member of EAV, he has played a pivotal role in constructing the fund's thesis around investing in smart infrastructure solutions for Sub-Saharan Africa. He led EAV's investment into several innovative verticals, including commercial and industrial solar, wireless ISPs, and digital LPG solutions, as well as into d.light, which became EAV's first exit in 2020. He currently sits on the boards of Solarise Energy, Manocap Energy, Mawingu Networks, SolarX, and PayGo Energy, where he leverages his entrepreneurial savvy, structured thinking, and strategic mindset to drive sustainable growth. Before joining EAV, he honed his entrepreneurial skills by founding Simply Live in 2012, a startup in the UK, scaling it into a pan-European player, and exiting it in 2014. Prior to that, he worked at HSBC in Investment Banking and Asset Management for 10 years in the UK, where he played an integral role in restructuring their Asset Management business. He holds a BEng (Hons) degree in Engineering from the University of Warwick, UK, and an MSc in Finance from the Warwick Business School. He speaks English and Kiswahili.

Contact Information

Primary Position
Co-Founder & Managing Partner, E3 Capital (Kenya)
Education
University of Warwick, MS (Master of Science)
University of Warwick, BE (Bachelor of Engineering)
Gender
Male
Email
pa
Phone
+254 0719
Address
  • Valley View Office Park, Tower A
  • 3rd Floor City Park Drive
  • Nairobi, 00621
  • Kenya
+254 0704

Paras Patel Positions (1)

Firm name Firm type Title Location Industry Since
E3 Capital (Kenya) Investor Co-Founder & Managing Partner Nairobi, Kenya Venture Capital

Paras Patel Board Seats (3)

Company Industry Ownership Status Financing Status Location Since
ManoCap Energy Other Energy Services Privately Held (backing) Venture Capital-Backed Accra, Ghana
Mawingu Internet Service Providers Privately Held (backing) Venture Capital-Backed Nairobi, Kenya
SolarX Other Energy Services Privately Held (backing) Venture Capital-Backed Bamako, Mali

Paras Patel Lead Partner on Deals (7)

Paras Patel has been the lead partner on 7 deals. Their latest deal was with Badili, a specialty retail company. The deal was made on 08-Apr-2024.

Company Deal Date Deal Type Deal Size Deal Status Industry Location
Badili 08-Apr-2024 Seed Round Completed Specialty Retail Nairobi, Kenya
Cavex 02-Nov-2023 Completed Business/Productivity Software London, United Kingdom
Mawingu 02-Feb-2023 Completed Internet Service Providers Nairobi, Kenya
Mawingu 21-Feb-2021 Completed Internet Service Providers Nairobi, Kenya
Solarise Africa 31-Aug-2020 Completed Specialized Finance Sandown, South Africa
SunCulture 07-Apr-2017 Seed Round Completed Alternative Energy Equipment Nairobi, Kenya
Solarise Africa Seed Round Completed Specialized Finance Sandown, South Africa

Paras Patel Network (45)

Board Members (14)

Name Company Representing Location From
Tomohiko Kawamoto PayGo Energy Self Nairobi, Kenya
Karim Ghammache SolarX SolarX Bamako, Mali
ZIZ Energie E3 Capital (Kenya) NDjamena, Chad
SolarX E3 Capital (Kenya) Bamako, Mali
PayGo Energy PayGo Energy Nairobi, Kenya

Portfolio Executives (26)

Name Company Role Deal date Location
Rishabh Lawania Badili Co-Founder & Chief Executive Officer 08-Apr-2024 Nairobi, Kenya
Keshu Dubey Badili Co-Founder & Chief Technology Officer 08-Apr-2024 Nairobi, Kenya
Cavex Co-Founder, Chief Executive Officer & Board Member 02-Nov-2023 London, United Kingdom
Mawingu Chief Executive Officer 02-Feb-2023 Nairobi, Kenya
Mawingu Chief Executive Officer 02-Feb-2023 Nairobi, Kenya

Fund Team Members (5)

Name Investor Fund Fund Location
Elizabeth Biney-Amissah Schneider Electric (Electrical Equipment) Energy Access Ventures Fund Rueil Malmaison, France
Elizabeth Biney-Amissah Aster Capital Energy Access Ventures Fund Paris, France
E3 Capital (Kenya) Nairobi, Kenya
Schneider Electric (Electrical Equipment) Rueil Malmaison, France
Aster Capital Paris, France

Paras Patel Affiliated Funds (2)

Fund Investor Fund Type Status Vintage Size Dry Powder IRR IRR Quartile
E3 Low Carbon Economy Fund I Cygnum Capital Venture Capital - Early Stage Closed 2023
Energy Access Ventures Fund Schneider Electric (Electrical Equipment) Venture - General Closed 2015

Paras Patel FAQs

  • Who is Paras Patel?

    Mr. Paras Patel is a Co-Founder & serves as Managing Partner at E3 Capital.

  • How much does Paras Patel typically invest?

    Paras Patel's median deal size is .

  • What is Paras Patel’s main position?

    Paras Patel’s primary position is Co-Founder & Managing Partner.

  • What are the contact details for Paras Patel?

    Paras Patel’s email address is pa and his phone number is +254 0719 .

  • How many active board seats does Paras Patel hold?

    Paras Patel holds 3 board seats including ManoCap Energy, Mawingu, and SolarX.

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