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Okra Solar is bringing renewable energy to underserved markets –

Okra Solar came out with a trophy and a big check for our Shenzhen Hardware battlefield event 2019. It is a moment in which we happily broadcast a new press release announcing the renewable energy of $ 2.1 million for a new cycle (a good photo. I used this post as well). Obviously we are not the only ones who have seen the promise of the company’s mission.

The Sydney-based company is developing hardware and software solutions designed to deliver solar-based energy to emerging markets. Currently, it is currently focusing on Nigeria, the Philippines, Haiti and Cambodia, with renovations designed to reduce emissions as it brings more people off the line. Specifically, the company developed Mesh-Grid, which enables power sharing over a connected home network. The cloud-based system monitors the use and maintenance required, allowing remote control.

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“The global population of homeless people now stands at ~ 770 million,” Callum Yap, the company’s chief executive, told TechCrunch. “These are the people who currently rely on fossil fuels (diesel and kerosene) for basic needs.”

Funders Explorer and Didendum led the tour, which also introduced participation along with Schneider Electric Power Access and the Autodesk Foundation. The money will go towards boosting its production and R&D, with more in the Nigerian and Hattian markets. Head size will also increase. Okra currently operates 28, with plans to increase it to 35 by the end of the year.

Following this announcement (classified as “Before A Series”), the company was already preparing for Series A, which is expected to cost around $ 6 million. This will help you expand your product portfolio to 50-60 employees.

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“It feels very good to close this investment to accelerate our growth,” Chief Afnan Hannan said in the release. “Our Mesh-Grids leverage IoT and automation to make the last-mile generator affordable and sustainable – even in the remote villages of the planet. Our innovation has sparked global demand. of energy companies. “

The company has also been actively working with local governments to help accelerate the adoption of its technology.

“In Nigeria, our technology has been approved to subsidize the $ 550 million funded by the World Bank, the African Development Bank and the Rural Electricity Authority,” Yap said. “This will help Nigerian developers to quickly deploy our state-of-the-art technology to our state-of-the-art Okra Mesh-Grids is the only solution that provides sustainable productivity to the most remote communities.”