Rent-to-own solar firm Mobisol acquires Lumeter, a cloud software firm to grow its market share

0

Mobisol, German-based rent-to-own solar home and business systems and one of Africa’s largest rent-to-own solar service provider has acquired Lumeter, a pioneer pay-as-you-go (PAYG) software firm for the off-grid solar industry to build new generations smart meters for its solar systems and mini-grid solutions.

“While pay-as-you-go software pioneers like Lumeter and Angaza Design have very successfully paved the way to meet consumer needs, we will now be able to take this approach to a new level, offering opportunities to manufacturers and distributors on a larger scale” said Stefan Zelazny, Chief Innovation Officer at Mobisol. “We are able to provide a hardware agnostic software suite that makes major consumer and commercial implementations possible. We see the Lumeter acquisition as a key step in our plan to expand the pay-as-you-go market for Mobisol, its off-grid partners and other technologies beyond solar.”

Lumeter Networks has developed an affordable pre-paid off-grid electricity meter and cloud accounting software for renewable energy providers who are servicing the poorest populations in developing countries. LuMeters have a payment mechanism similar to a pre-paid cell phone system, where customers can use their cell phone’s text message service (SMS) to buy electricity credit.The deal gives Mobisol the ability to offer the most complete solution, including hardware, software and operational expertise, for off-grid solar pay-as-you-go power for large consumer uses as well as commercial systems (up to 600Wp). In addition, the acquisition achieves short-term cost savings as well other long-term strategic opportunities for growth and new revenue opportunities.

Following this acquisition, the Mobisol platform now supports more than 500,000 people globally with access to clean, reliable and affordable power.

Mitra Ardron, founder of Lumeter adds: “I am glad to see Lumeter’s technology developed further with Mobisol. By bringing together the customers, hardware, and back end solutions of the two leading companies in PAYG will bring advantages to all of our partners.“

Mobisol has installed nearly 10 megawatts of capacity in Tanzania, Rwanda and Kenya, providing clean and reliable electricity to households and small businesses in low-income communities. In this way, the company enables rural families and business owners to power a range of appliances, such as televisions, stereos and refrigerators to improve their standard of living and earn incremental income through solar-powered businesses, such as mobile phone charging stations, barber salons, movie theaters and more.

Mobisol estimates that its software saves up to 80% in daily operations. Through a comprehensive feature set, like automated invoicing, remote monitoring to reinforce payments, complete control of the supply chain from production facilities to sales outlets, and automated credit checks, overhead is reduced and digitalization of operations possible.