A $600k loan to fund research and development and business development to establish and deploy a full suite of certified smart metering technologies for microgrids and central grid utilities in emerging markets.
Important development problem – 1bn lack formal access to electricity, and 1bn have nominal grid access but lack reliable electricity
Promising commercial traction with mini grids and potential for scale impact by proving out that the technology works for large central grid utilities
Rich data collection from SparkMeter’s technology will enable sector learnings
Strong team – deep experience in energy, electrical engineering and cloud softwareApply for funding