AFRICA: gnuGrid raises $250,000 for its off-grid monitoring solution
gnuGrid Africa, a Ugandan provider of remote off-grid monitoring solutions, has just raised US$250,000 from US investors. The funds will be used to distribute its digital solution “Solar Sentra” in Uganda and several other countries in Africa.
gnuGrid Africa wants to improve the dissemination of its “Solar Sentra” digital monitoring solution to off-grid companies in Africa. To do so, the Ugandan company recently carried out a financial mobilisation, which resulted in the raising of US$ 250,000.
The funds were raised from investors based in the United States of America. “We want to focus on the off-grid solar energy market in Uganda and other markets in Africa by offering the Solar Sentra solution for monitoring these off-grids. We also want to build a strong and competent management team to take charge of the development of our business,” says gnuGrid Africa.
gnuGrid Africa’s solution allows users to monitor their electricity consumption through “sensors optimised by artificial intelligence. We will also create a local factory in Ido (Internet of Things),” says gnuGrid Africa.
In 2019, the Ugandan company has mobilised US$50,000 to develop its technological engine, pilot and launch the “Solar Sentra” solution on the Ugandan market.
According to this provider of off-grid monitoring solutions in Africa, the process is critical for the African continent where off-grid solar systems are rapidly deploying to electrify rural areas. It allows users to “minimise downtime of solar systems, proactively plan maintenance and obtain reliable information on system performance,” says AMMP Technologies, based in Amsterdam, the Netherlands.
Source: afrik21.africa
