German-based solar energy firm Mobisol has bought Lumeter, a pay-as-you-go off grid software firm.
The acquisition is expected to assist Mobisol, which operates in Kenya, Rwanda and Tanzania, provide customers with affordable products and service while opening a direct line between itself and off-grid product manufacturers and distributors.
The deal brings together customers, hardware and back-end solutions of the two leading companies in PAYG, said Mitra Ardron who is the founder of Lumeter.
Ardron added that the deal “brings together the customers, hardware and back-end solutions of the two leading companies.”
Lumeter is known for its solar market software that utilises available micro financing systems in rural communities. This provides access solar power on a pay-as-you-go platform