Uncategorized

Investors back startup that sells offgrid battery & solar panels

Gigaom

Batteries paired with solar panels aren’t just intriguing customers in the U.S., Europe and Japan looking to ditch their utilities. People are slowly adopting batteries and solar panels in offgrid markets, too, using their cell phones to make reoccurring micropayments and using solar energy to replace kerosene lanterns.

This week startup Fenix International — which is based in San Francisco and Kampala, Uganda, and was founded in 2009 — announced that it has raised a Series B round of $12.6 million to get its battery and solar panel product into the hands of more customers. Fenix emerged from stealth in late 2010 with a plan to sell its lead acid battery product, which comes with a solar panel and other energy adapters, to customers in rural Africa.

Vodafone branded ReadySet charging cell phones. Vodafone branded ReadySet charging cell phones.

The company struck deals with African telcos like MTN in Uganda and Vodafone in Tanzania for…

View original post 361 more words

Advertisements
Standard