Innovex, a Uganda-based startup enabling pay as you go (PAYG) and remote monitoring for solar companies, has closed a seed funding round to help it scale its technology across Africa. Founded in 2016 by Douglas Baguma and David Tusubira, Innovex has developed “Remot”, a cloud-based Internet of Things (IoT) solution that transforms the distribution of off-grid solar energy systems and equipment using digital tools by enabling solar companies, EPC and distributors to remotely monitor and manage their energy systems. Remot also facilitates better after-sales support and PAYG actuation for larger size solar systems, reducing downtime of solar systems and improved accessibility of solar systems and solar equipment. Innovex is already working with companies that have solar systems installed in institutions such as health centres, schools and rural farms across Uganda, Kenya, Tanzania, the Democratic Republic of Congo (DRC) and Ethiopia, and is now planning on scaling that after raising an undisclosed amount of seed funding from the Gaia Impact Fund. A French fund dedicated to energy access entrepreneurs, Gaia has so far invested in 11 innovative companies across Africa and Southeast Asia and is actively pursuing its investment strategy with strong social and environmental impact. Innovex will use the funding to scale Remot to 100 solar distributors across Africa, thus enabling solar energy access to three million people by 2023.
SOURCE: DISRUPT AFRICA
More Stories
Re-entry of Higher Capacity Aircraft on African Routes Shows Recovery of Hard Hit Travel Sector
For the First Time, Jumia May have to Worry about its Liquidity Position
The Pros and Cons of South Africa’s Tourism Marketing Strategy
Can Southern African States Move Further Up the Lithium Value Chain?
Dutch Energy Producer Eyes Africa Expansion
Libya’s Oil Ministry has Rejected the $8bn Offshore Gas Projects Deal
Zimbabwe’s Leader is Seeking Investment for a New National Capital
South African Poultry Farmers in Dire Straits
Travel Marketplace for Immersive Experiences Matching Tourists with Verified African Curators
Africa’s Only All-Female Solar Panel Assembly Plant Launched in Cape Town
Pope Francis Condemns “Economic Colonialism” as He Arrives in the DRC
Encouraging Signs that Corruption is being Successfully Tackled in Parts of Africa