OneWattSolar installs and operates solar rooftop systems in Sub-Saharan Africa using an energy-as-a-service model, eliminating upfront costs for customers. This approach addresses energy poverty by providing affordable, reliable electricity access at a fixed rate of $0.10 per kilowatt-hour, enabling users to bypass traditional energy infrastructure challenges.
Funding
$7.3M 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.
Founders
Product
Problem
Sub-Saharan Africa faces significant energy poverty due to high capital costs, lack of customer financial data, and underdeveloped payment infrastructure, leaving a large portion of the population without reliable electricity access. Traditional grid infrastructure struggles to meet the energy demand, with only a small percentage of the national market's needs being fulfilled.
Solution
OneWattSolar addresses this challenge by providing affordable and reliable electricity through an "energy-as-a-service" (EaaS) model, eliminating upfront costs for customers. The company installs, maintains, and operates solar rooftop systems, leveraging a digital clean technology platform to aggregate resources and streamline operations. By utilizing AI, IoT, big data, machine learning, and blockchain, OneWattSolar creates a transparent ecosystem for solar companies, installers, investors, and energy users. This platform enables the delivery of sustainable electricity to residential customers, offering additional services and flexible tariff structures.
Target Audience
The primary target audience includes residential customers in Sub-Saharan Africa who lack reliable access to electricity and are seeking affordable and sustainable energy solutions.
Features
- Zero upfront cost for solar rooftop system installation, maintenance, and operation
- "Energy-as-a-service" (EaaS) payment model for affordable electricity access
- AI-powered platform for optimized energy distribution and management
- IoT-enabled remote monitoring and maintenance of solar systems
- Blockchain-based transparent platform for all stakeholders
- Mobile money service integration for customer payment processing and remote connection/disconnection
- Fixed and dynamic pricing options with flexible tariff structures