Y Combinator start-up Oolu, an off-grid solar companies in Senegal has raised $3.2m led by Persistent Energy Capital (PEC), and was joined by Y Combinator (YC) and other seed investors. Oolu will use the money to further invest in its current operations in Senegal and Mali,and to expand into ...
M-KOPA Solar, the region’s leading pay-as-you-go energy provider to off-grid homes has today announced that it has connected its 500,000th home to its affordable solar home systems and rolled out its M-KOPA 400 – the company’s larger solar system that includes a digital TV – has been available in Kenya ...
Safaricom has signed a partnership with M-KOPA Solar in a move that will focus on skill exchanges in the areas of Technology and Innovation, Human Safety & Wellness and Customer Experience Excellence. The talent exchange programme, the first one of its kind that Safaricom has signed with another local company ...
Mobisol GmbH, a pay-as-you-go solar energy service company delivering renewable energy solutions to off-grid communities in East Africa has raised about $16 million to accelerate its growth in Rwanda, Tanzania and expand its operations in Kenya. The funding round was led by IFC’s equity investment of EUR 5.42 million and ...
UK based provider of PayGo Solar home systems, Azuri Technologies and Wananchi Group's Zuku have launched a pay-as-you-go satellite TV package targeting Kenya's off grid communities by combining solar home power, 24-inch TV, satellite dish and Zuku Smart+ entertainment with 48 TV and 21 radio channels. The two will be ...
Pay-as-you-go solar systems firm d.light has secured $7.5 million from Developing World Markets in debt financing to expand its existing solar lantern and home system solutions, and to bring new products to market, including a solar-powered TV taking on M-Kopa Solar, once its client. With this latest round of debt financing, d.light ...
East Africa-focused off-grid solar company BBOXX, has closed a $20 million Series C investment from co-investors MacKinnon, Bennett & Company (MKB), ENGIE Rassembleurs d’Energies and KawiSafi Ventures, as well as existing investors Khosla Impact Fund, Bamboo Finance and DOEN Foundation to increase its presence in Kenya and Rwanda. The Kigali-headquartered firm owns and operates retail ...
PayGo firm M-KOPA has announced it has hit 50,000 off grid homes in Uganda with an average of five people in each house, this means that 250,000 Ugandans no longer need to rely on kerosene. The homes in Uganda are using mobile pay-as-you-go solar from M-KOPA for lighting, charging and ...
Pay-as-you-go solar firm Azuri Technologies has created Azuri East Africa, based in Nairobi, to consolidate its growing presence in the region and bring together Azuri’s East African activities under a single operating entity. The firm has also appointed former Regional CFO of Eaton Towers, Snehar Shah, to lead its East ...
Pay as you go solar system M-KOPA has announced it has powered up 200,000 homes across East Africa, twice the number of homes it had connected to its solar home systems in the past eight months. In a statement to TechMoran, Jesse Moore, Managing Director and Co-Founder, M-KOPA Solar said, ...
M-KOPA Solar has today closed its fourth round of investment through a $12.45 million equity and debt deal, led by LGT Venture Philanthropy. The investment will be used to expand the company's product range, grow its operating base in East Africa and license its technology to other markets. Lead investor ...
