Solar energy in fossil-fuel dependent Mexico last year reached nine gigawatts of installed capacity, or 6% of total energy generation. More than 8,000 solar installers work in the country.
Popular Power’s software helps residential, commercial and industrial solar companies optimize the performance of their solar hardware. The year-old company services projects totaling 36 megawatts of solar capacity serving 30,000 customers in Mexico, Colombia and other Latin American countries.
Popular Power’s $875,000 pre-seed equity round was backed by gender-lens investor Amplifica Capital, Dunn Family Impact Capital, Mercy Corps Ventures and other investors.
Streamlined solar
Popular Power’s founders developed the B2B software after finding that solar installers had to use specialized monitors for each type of hardware.
“A typical solar company is relatively hardware agnostic, so may have five to six different hardware products they install,” said Popular Power’s Morgan Babbs. “This results in segmented data, alerts and analytics, leading to limited insights and a heavy reliance on manual processes.”
Amplifica’s Anna Raptis said Popular Power’s technology “contributes to mitigating the effects of climate change.”
