Renewable Energy technology company Fenix International has secured US$12.6 million in a funding round to help fund the development if its mobile-enabled solar systems to off-grid African communities.
This funding round includes investments from GDF Suez, Schneider Electric, Orange France Telecom, clean tech entrepreneurs Tom Dinwoodie and Warner Philips, and other investors. Fenix International, headquartered in Silicon Valley with offices in East Africa, designs, manufactures and distributes ReadyPay Solar, a mobile payment-enabled solar panel and smart battery, which allows farmers and other rural residents with convenient, affordable access to clean electrical power.
ReadyPay eliminates the need for dirty and dangerous diesel generators, candles and kerosene lamps that cause millions of fires and burns every year. Customers can charge their cell phones, run businesses after dark, and study using clean, bright LED lights connected to the solar-powered kit.