FMO has committed €9 million equity from AEF and MASSIF to fund the growth of Mobisol, a leading Pay-As-You-Go solar home system provider in East Africa
Mobisol was founded in 2011 by a young entrepreneur Thomas Gottschalk in Germany; to find solutions to Africa’s electrification problem. During their journey, Mobisol discovered there is more than one way of addressing this issue. Mobisol combined affordable solar home systems along with smart payment systems to make electricity available to the lower middle income segment. Their 80 Wp to 200 Wp systems provided amenities beyond basic lighting that result in productive electrification. Along with residential customers a lot of small and medium size enterprises have acquired a Mobisol system. Mobisol’s state of the art solar system uses remote monitoring technology to interact with their clientele and maintain the systems. Using this innovative big data software, Mobisol aims to assess and offer add-on services to their clientele in the coming years.
