Kingo is a prepaid energy service provider that installs efficient solar generators on-site at no upfront cost to households in off-grid communities. The company uses proprietary technology to enable prepaid electricity usage, allowing customers to buy codes by day, week, or month to charge devices and light homes. Kingo focuses on bringing clean, affordable renewable energy to families across the developing world by identifying households that will benefit from its solutions. It was founded in Guatemala in 2013 by Juan Fermín Rodriguez, Peter Kasprowicz, Matias de Tezanos (CEO of PeopleFund), and Alvaro Rodriguez. The business model centers on distributed solar hardware deployment coupled with a prepaid usage-revenue stream. The article does not disclose operating metrics such as revenue or user counts. Kingo provides a prepaid solar electricity service for off-grid households at the bottom of the economic pyramid, allowing customers to buy electricity based on consumption and budget with no loans, installation fees, or maintenance costs. The company’s model offers flexibility as customers’ energy needs change and targets rural, low-income communities. As of July 30, 2017, Kingo serves more than 48,000 households across over 2,700 rural communities in Central America. Founded in Guatemala in 2013 and based in Ciudad de Guatemala, the company plans to expand into four new markets via a joint-venture strategy and to launch five new products in the coming year. Financially, Kingo closed an $8.0M Series B and has raised $19M in total funding to date. The new proceeds are intended to increase the company’s capabilities and improve its proprietary technology.

Total raised

$12M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Oct 2017