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Angaza Design Raises $6.9 Million

Pay as you go solution Angaza Design Raises $6.9 Million

According to a recent SEC filing, Angaza Design, an alternative energy startup, raised $6.9 million in financing from an undisclosed investor.

Angaza offers a complete pay-as-you-go (PAYG) solution to distributors of pico-scale energy products in the off-grid world. The company’s PAYG technology allows businesses to purchase solar lamps and mobile phone chargers over time, in affordable increments, just like they purchase cellular airtime. By removing the upfront price barrier to solar products, Angaza enables its distribution partners to sell widely to energy consumers in emerging economies, vastly expanding their sales and reach.