M-KOPA concludes a Series B investment round of equity finance from existing investors, with a view to accelerate growth in Kenya.
M-KOPA makes high quality solar affordable for everyone. By offering the mobile installment method of paying for solar energy, the company has pioneered a better way to supply safe power to millions of off-grid homes.
M-KOPA Solar sells solar home systems on an affordable mobile money payment plan, with an initial $35 deposit, followed by 365 payments of 45 cents. After completing the payment package, customers own a world-class solar home system, with multiple lights, phone charging and a radio.
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