Cleantech Qotto embarks on growth plan backed by $8M funding

News Summary

  • Many of these customers are overlapping in their needs for off-grid solutions, connectivity and financial services,” said Lenoir“Our model helps to solve these critical issues under a single solution – which we call “essential services”, backed by our proprietary technology stack.
  • Qotto said it has already sold thousands of life insurance contracts.The internet hotspots will be located in high-foot traffic areas like the shops, restaurants or bars.“In sub-Saharan Africa, 650M people do not have access to electricity.
Qotto, a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equitydebt round led by the IBL group, a billiondollar conglomerate headquartered in Maur [+3463 chars]