NovoMoto distributes solar-powered electricity to off-grid communities in the Democratic Republic of Congo, addressing the lack of access to reliable energy for over 600 million people in sub-Saharan Africa. Through a Pay-As-You-Go model, the company enables households to transition from costly kerosene and diesel lighting to affordable, sustainable energy solutions, improving quality of life and reducing annual energy expenditures.
Funding
$800K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
WFounders
Product
Problem
Many households in sub-Saharan Africa lack access to reliable grid electricity, forcing them to rely on expensive and polluting alternatives like kerosene and diesel for lighting and basic energy needs. This lack of access limits opportunities for education, economic development, and overall quality of life.
Solution
NovoMoto provides solar-powered electricity to off-grid communities through a Pay-As-You-Go (PAYGo) model. This enables households to transition away from kerosene and diesel to affordable and sustainable energy solutions. Customers make installment payments to access electricity, improving their quality of life by powering devices such as TVs, LED lights, and phone chargers. Once the loan is paid off, customers own the system outright, resulting in long-term savings.
Target Audience
NovoMoto's primary customers are households and small businesses in off-grid communities in sub-Saharan Africa.
Features
- Solar home systems designed for off-grid use
- Pay-As-You-Go technology enabling installment-based payments
- Remote monitoring and control of energy consumption
- Two-year warranty and technical support