SparkMeter

SparkMeter is a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia and the Americas.

SparkMeter offers comprehensive low-cost metering solutions for everything from rural micro-grids to existing urban central grid utilities.

SparkMeter was co-founded in 2013 by Dan Schnitzer, Arthur Jacquiau-Chamski, Tristan Escalada and Nai Phasay. The company is headquartered in Washington, DC, with an office in Nairobi, Kenya.

 

SparkMeter's simple plug-and-play solution enables microgrids and distribution utilities operating in remote locations to access a range of features – flexible billing, customer communications, and remote monitoring and control – that improve their operations and help them achieve financial sustainability.

 

SparkMeter's low-cost combination of patented two-way meter communication and smart grid software designed specifically for hard-to-reach and low-consumption end-users improves load management, customer services, and billing.

 

SparkMeter currently is operating in over 25 countries with over 100,000 meters sold, with more locations added every day. SparkMeter will be releasing the first stage of its software platform, Koios™, in April 2022.

 

SparkMeter is backed by Clean Energy Ventures, Breakthrough Energy Ventures, Accurant International, Goodwell Investments, Shell Foundatio, Alitheia Capital, Total Energy Ventures, Lateral Capital, Schmidt Family Foundation, and others. The company raised $10M in a new round on Mar 24, 2022. This brings SparkMeter's total funding to $36.2M to date.

 

 

  • Year founded: 2013
  • Funding Info: $36.2M over 5 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Washington
  • State: District of Columbia
  • Country: United States
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