Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Mobisol expands pay-as-you-go solar with acquisition of Lumeter



Mobisol has installed nearly 10 megawatts of off-grid solar capacity in Tanzania, Rwanda and Kenya, serving 350,000 people.

The acquisition of San Francisco-based Lumeter will allow Mobisol to expand its “pay-as-you-go” services to any type of solar hardware and other products, such as irrigation systems.

That’s particularly important “in countries whose markets may not be large enough to support vertically integrated companies to set up their own distribution channels,” Lumeter’s Mitra Ardron told ImpactAlpha.

More than one billion people lack access to reliable electricity. Few off-grid households can afford to pay upfront for solar or agricultural products, making financing essential for expanding access to low-cost energy and livelihood products.

Terms of the acquisition were not disclosed.

You might also like...