Climate Finance | October 6, 2017

Solar venture Angaza raises $10.5 million

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Off-Grid Energy

The San Francisco-based company has two million solar users in 30 countries

PC: Angaza

The San Francisco-based company makes software that lets small-scale solar lighting manufacturers and distributors use mobile payments, making affordable solar energy available to off-grid households that otherwise rely on low-quality dirty fuels for lighting.

Solar companies can embed Angaza’s software in each solar device, tracking usage and payments so that users can “pay-as-you-go.” It has two million solar users in 30 countries, TechCrunch reports.

The Series B round led by Laurene Powell Jobs’s Emerson Collective with participation from Rethink Impact, Salesforce Ventures’ new impact fund, Social Capital and the Stanford StartX Fund.

Angaza has raised $16 million since it was founded.