GrowMore technologies Limited

Company Description

Growmore Technologies Limited is an agriculture mechanization company that deals in equipment from land preparation to post-harvest handling.

The company has branches in Lusaka, Mumbwa, and Mkushi, and agents in Southern, North-Western, and Eastern Provinces.

After-sale service and capacity-building training are provided once the client buys equipment.

Growmore works with partners such as the Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Agriculture in Zambia (MOA).

Countries of Operation

Zambia, Malawi

Ownership of Company

Local Company - 100% Zambian owned

Number of years since incorporated

8

Project Pitch

Mechanization for Accelerated Agricultural and Nutritional Advancement (MAANA) - Growmore Technologies Limited is seeking €3 million to implement a 2-year agricultural mechanization project targeting women and youth in rural areas.

The funding includes €2 million as interest-free capital that will trickle down to farmers. Farmers can acquire equipment on credit by paying 50% upfront and the balance over 1–2 years.

The remaining €1 million will be used as a grant to support operations, training, and community engagement.

A 6-month no-cost extension is planned for project consolidation and sustainability planning.

The company’s model is based on Mechanization-as-a-Service (MaaS), enabling farmers to access tractors and equipment through affordable, pay-per-use systems.

Growmore will establish additional branches to accommodate more youth and women, providing easy access to equipment, employment opportunities, and skills training in machinery operation, maintenance, and service delivery.

• In Year 1, the project will pilot with a small group of farmers and build capacity.
• In Year 2, it will scale to reach over 2,000 farmers across multiple regions.

The revolving fund ensures sustainability, as repayments allow continued service delivery beyond the initial investment.

Key outcomes include:

• Improved farm productivity
• Reduced labor burden (especially for women)
• Over 100 new jobs created in the mechanization value chain
• Increased household income
• This project directly addresses critical gaps in rural agriculture while promoting gender equity and youth empowerment.

Team

Growmore Technologies Limited is led by a skilled management team combining business and technical expertise. Mehul Davda directs projects and tenders; Bharat Davda manages finance and administration; Daliso Nkhuwa oversees sales and marketing; Molly Hope Chipungu coordinates project operations; Nale Siame manages human resources; and Mundia Sitwala leads technical services and maintenance.

Stage

Growth Stage

Annual Revenue (in EUR)

EUR

Number of employees

11 - 50

Total Project Cost (in EUR)

EUR 3,000,000

Financing needs (in EUR)

EUR 3,000,000

Type of financing needed

Debt / Grant

Planned allocation of fundraising capital

Expansion (expanding an existing activity)

Funds will be used for:

• Scaling the mechanization project nationwide
• Establishing additional branches and service centers
• Supporting youth and women in machinery operation and maintenance
• Training programs and community engagement initiatives
• Expanding access to affordable farm equipment