NAIROBI, Kenya, Feb 6 – Nairobi-headquartered M-KOPA has been named among the global Cleantech 100 companies in 2019.
The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation featuring the private, independent, for-profit companies best positioned to solve the world’s clean technology challenges
M-KOPA has pioneered and built one of the world’s most advanced pay-as-you-go platforms – unlocking solar, information, technology and finance to upgrade millions of lives across Africa.
The firm now sits at the heart of over 700,000 homes and businesses in Africa, connecting lights, phone charging, radios, TVs and fridges for over 3.5 million people.
Over the lifetime of these devices over 1.5 million metric tonnes of CO2 will be displaced.
“We’re delighted to be named among the global Cleantech 100 companies in 2019. Our clean technology is connecting homes and businesses in Africa so millions of people can bypass expensive and unreliable services. As well as the environmental gains of moving to clean power, our customers can upgrade their lives and economic prospects by accessing finance for a range of productive appliances,” said Jesse Moore, Chief Executive Officer and Co-Founder.
M-KOPA subscribers save an average of Sh18, 000 a year with their systems, compared to using kerosene, batteries and candles.
The list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global 87-member expert panel comprised of leading investors and experts from corporations and industrials active in technology and innovation scouting.
“Our tenth edition is dominated by innovations for the future of food and mobility, and a decentralized and digitized future not only for energy, but for the industrial world more generally,” said Richard Youngman, CEO, Cleantech Group.