M-KOPA Solar and Safaricom Launch M-KOPA III
Nairobi, September 2nd 2014
M-KOPA Solar has introduced a Safaricom-branded solar lighting system, as it steps up its campaign to provide clean lighting solutions to millions of homes that are not on the electricity grid.
The M-KOPA III is the company’s third-generation pay as-you-go solar home solution. It comes with two LED solar lights and one solar rechargeable LED torch, and a larger 8W panel that gives 60% more charging capacity. Customers will also get a solar rechargeable radio, mobile phone charger and a larger battery. The M-KOPA III is upgradeable to include two additional solar lights – sold separately.
Jesse Moore, Managing Director and Co-Founder, M-KOPA Solar, says, ‘’We are very proud of the M-KOPA III product and our ongoing partnership with Safaricom. Together we are helping Kenyans get rid of kerosene, improve their standard of living and save money all at once. It’s a win-win for everyone.’’
He adds, “We are now connecting 2,000 homes to solar every week, and even bigger growth lies ahead. We have over 300 staff and 750 sales agents across the country who earn a good income selling M-KOPA products and services. We welcome others to join our growing team and be part of this great company.”
“With M-KOPA Solar, we have already connected 90,000 Kenyan homes to clean energy and with this upcoming suite of Safaricom-branded devices we aim to reach at least 1 million homes within the next four years”, says Safaricom’s Chief Executive Officer, Bob Collymore.
He adds, “The M-KOPA III is more affordable compared to other lighting alternatives for people who do not have electricity. It also provides families with improved health, brighter light and reduces the risks associated with having a naked flame. By putting our brand on this device, we demonstrate our commitment towards harnessing mobile technology to build a brighter future for the country.”
Following the removal of VAT on solar-powered devices, M-KOPA Solar has also announced a price reduction on the new units. Customers will now only pay an initial deposit of KES 2,999 followed by 365 daily payments of KES 40 (down from KES 50).
The M-KOPA III is available on a risk-free basis to customers who want to test the benefits of solar power for themselves. The KES 2,999 deposit is fully refundable at any time during the payment period, and the M-KOPA III comes standard with a 2-year warranty. After 365 of KES 40 daily payments, the device is unlocked with no further payments required.
Notes to Editors:
About M-KOPA Solar
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 in Kenya.
M-KOPA Solar sells solar home systems on an affordable mobile money payment plan, with an initial KES 2,999 deposit, followed by 365 payments of KES 40. After completing the payment package, customers own a world-class solar home system, with multiple lights, mobile phone chargers and a solar radio.
The latest M-KOPA III Solar System is available countrywide in Kenya through a distribution network of M-KOPA Solar agents and dealers. They are sold in partnership with Safaricom and the consumer payment plan is offered through Safaricom’s mobile money platform, MPESA.
Safaricom provides a comprehensive range of services under one roof. These include mobile and fixed voice, data and financial services on a variety of platforms. Safaricom has remained consistent in availing cutting-edge devices that contribute towards meeting the communication needs for the over 21 million customers on the network. With annual revenues in excess of Kshs 140 Billion and a subscriber base of 21.6 million, Safaricom also hosts Kenya’s widest 3G network alongside a growing fibre optic cable footprint. Safaricom’s M-PESA is the most successful mobile money transfer in the world. Launched in March 2007 as a money transfer service, M-PESA now has over 19 million customers and over 88,000 Agent outlets countrywide.
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M-KOPA Solar and Eseye license platform technology
M-KOPA Solar and Eseye have announced that they will license the M-KOPAnet technology platform to partners outside of East Africa. This platform powers M-KOPA Solar’s market-leading pay-as-you-go solar energy solution for off-grid customers in developing markets.
Eseye partnered with M-KOPA Solar in 2011 to develop the platform’s application framework.
M-KOPAnet connects the embedded SIM card, engineered into each solar system, with the application servers and the mobile money platform. It serves as a backend system to operate all functions of the business and a powerful data platform, enabling M-KOPA Solar to securely monitor and manage each pay-as-you-go solar system’s performance.
In a single month M-KOPAnet collects more than 100,000 device location records, 250,000 payment records, one million solar panel readings and one million battery readings. This rich data collection helps M-KOPA Solar detect demand patterns and improve its offering in real time.
Those interested in the M-KOPAnet platform should send introductory emails to firstname.lastname@example.org.