NovoMoto: Solar-powered electricity for off-grid communities
Short Description: NovoMoto distributes solar-powered electricity for off-grid communities in sub-Saharan Africa.
Details: In sub-Saharan Africa, there are a total of 600 million people that live without access to grid electricity. These individuals use Kerosene, flashlights, and diesel to meet their lighting needs.
NovoMoto is displacing expensive, hazardous, and inefficient sources of energy such as flashlights, kerosene lamps and diesel generators and enabling reliable access to clean power at scale
The Highlights
* Electrification of 1500 households in Democratic Republic of Congo
* 5X revenue increase in 2021 compared to 2020
* Proof of outstanding portfolio quality - 96% collection rate, 1% churn rate, 0% default rate
* Providing more than $500k in lifetime savings to the customers
* 390 tonnes of CO2 reduction to the atmosphere
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