Kingo

company

About

Kingo provides a prepaid solar energy service in rural communities without access to the grid

  • 251 - 500

Details

Last Funding Type
Series B
Last Funding Money Raised
$8M
Industries
Energy Efficiency,Renewable Energy,Solar
Founded date
Jan 1, 2013
Number Of Employee
251 - 500
Operating Status
Active

Imagine your world without electricity. This is the reality for 20% of the world’s population, who lives in extreme poverty, and with high levels of illiteracy, disease, and low human development.

Kingo’s mission is to turn lives ON – the Company offers a prepaid solar energy service in rural communities without access to a reliable electricity grid at a lower cost than candles and kerosene. Kingo’s solar energy kits can power light bulbs, cell phones, and other household appliances; and customers can purchase codes by day, week, month, or as their budget permits.

Already, Kingo is positively impacting more than 100,000 lives. 92% of its customers report saving money, 81% report improved educational performance for children, and 86% report increased productivity. The Company currently has operations in both Central America and South Africa, and expects to reach over 3,000,000 people by 2020.

Kingo was formed in 2013 by a diverse and seasoned group of entrepreneurs. Its executive team includes experts in mass consumer markets, telecommunications, and energy.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$11.91M
Kingo has raised a total of $11.91M in funding over 2 rounds. Their latest funding was raised on Aug 16, 2017 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 16, 2017 Series B $8M 2 ENGIE
H-Reff
Detail
Jan 1, 2015 Series A $3M 1 Detail
Nov 30, 2014 Seed $0.91M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
3
Kingo is funded by 3 investors. ENGIE and H-Reff are the most recent investors.
Investor Name Lead Investor Funding Round
ENGIE Yes Series B
H-Reff Yes Series B
E10 Series A