{"id":70390,"date":"2022-06-23T09:07:03","date_gmt":"2022-06-23T09:07:03","guid":{"rendered":"https:\/\/theelectricityhub.com\/?p=70390"},"modified":"2022-06-23T09:07:03","modified_gmt":"2022-06-23T09:07:03","slug":"okra-solar-acquires-usd-3-million-for-mesh-grid-expansion-project","status":"publish","type":"post","link":"https:\/\/theelectricityhub.com\/okra-solar-acquires-usd-3-million-for-mesh-grid-expansion-project\/","title":{"rendered":"Okra Solar Acquires USD 3 Million for Mesh-Grid Expansion Project"},"content":{"rendered":"<ul>\n<li>Okra Solar has raised $3 million to increase the distribution of its solar-based hardware and software solutions.<\/li>\n<li>It plans to electrify over 290,000 off-grid homes in Nigeria in the next three years while expanding its operations in Haiti and other countries.<\/li>\n<\/ul>\n<p>Australian-founded technology company Okra Solar has received a financial boost of $3 million to scale up the distribution of IoT-enabled mesh grids in developing countries.<\/p>\n<p>The funding was led by Singapore-based technology fund and advisory group SDGx, Schneider Electric Energy Access, Autodesk Foundation, Explorer Investments and Didendum. Okra is also opening its Series A round to raise a further $6 million to help finance its expansion into other countries.<\/p>\n<p>The company, which began operations in 2016, has developed an Internet-of-Things (IoT) and artificial intelligence-enabled mesh grid which shares power through an interconnected network of homes. The plug-and-play solar home system includes a solar panel, battery and a smart device. In addition, a cloud-based system monitors usage and required maintenance while allowing for remote control.<\/p>\n<p>Currently, the company is focused on the Philippines, Haiti, Cambodia and Nigeria, home to the world\u2019s largest unelectrified population, totalling approximately 80 million people.<\/p>\n<p>SDGx partner and chief impact officer Zarmeen Parvi said Okra Solar ticked all the boxes for the technology fund.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Okra Solar has raised $3 million to increase the distribution of its solar-based hardware and software solutions. It plans to electrify over 290,000 off-grid homes in Nigeria in the next… <\/p>\n","protected":false},"author":9,"featured_media":70393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[219,223,928],"tags":[],"class_list":["post-70390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-renewable-energy","category-west-africa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Okra Solar Acquires USD 3 Million for Mesh-Grid Expansion Project • The Electricity Hub<\/title>\n<meta name=\"description\" content=\"Okra Solar has received a financial boost of $3 million to scale up the distribution of IoT-enabled mesh grids in developing countries...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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