Rent to own green energy solutions provider Azuri Technologies Ltd, now has 100,000 clients for its PayGo solar home systems in sub Saharan Africa.
Azuri is in the business of providing a reliable service alternative to the grid for off-grid customers, delivering lighting, phone charging, radio and TV access in affordable packages paid for through mobile money.
The company announced on its website shortly after clinching a deal with Stanchart for a $5m financing facility.
The UK firm with operations in Ghana, Kenya, Malawi, Rwanda, South Africa, South Sudan, Tanzania, and Uganda entered the emerging markets in 2011, to provide access to affordable, clean energy for off-grid communities across 12 countries.
Simon Bransfield-Garth, chief executive of Azuri said: “The milestone of 100,000 systems sold marks the next phase of Azuri’s journey. Coupled with the recently completed funding announcements, we look forward to continuing to grow our presence and serve the millions of customers that still lack access to modern electrical services”
The company is battling for clients in Sub Saharan Africa with other established competitors such as M-Kopa, Angaza Design, Mobisol, PEG Ghana, among others.
The Azuri PayGo solar product range includes the first complete PayGo satellite TV package targeting households without electricity, launched in Kenya in December 2016 and solar lighting systems that incorporate the company’s award-winning HomeSmart technology which ensures households have light all night, even following cloudy weather.