What is Qotto?
Founded in 2016, Qotto specializes in the production and distribution of solar energy kits designed to provide sustainable power to off-grid communities. Headquartered in Benin, the company operates at the intersection of clean technology and financial inclusion, utilizing a pay-as-you-go model that makes renewable energy accessible to households that lack reliable grid connectivity. By integrating hardware with localized financing, Qotto effectively mitigates the barriers to entry for energy adoption in underserved regions, positioning itself as a key player in the regional transition toward decentralized energy systems.
How much funding has Qotto raised?
Qotto has raised a total of $8M across 1 funding round:
Series A
$8M
Series A (2023): $8M with participation from Cordaid, IBL Together, and FEI Off-Grid Energy Access Fund
Key Investors in Qotto
Cordaid
Cordaid is a value-based emergency relief and development organization that supports communities in fragile regions through healthcare, humanitarian assistance, and sustainable development initiatives.
IBL Together
IBL Together is a diversified investment group with a long history of supporting sectors ranging from financial services and logistics to manufacturing and engineering across various global markets.
FEI Off-Grid Energy Access Fund
The Off-Grid Energy Access Fund provides specialized local currency financing solutions to companies delivering affordable solar energy to off-grid communities throughout Sub-Saharan Africa.
What's next for Qotto?
Looking ahead, the strategic deployment of this capital will likely focus on expanding Qotto's distribution network and enhancing its product portfolio to meet the evolving needs of its customer base. As the company transitions from its initial growth phase into a more mature operational stage, the focus will shift toward optimizing supply chain logistics and deepening its impact in the Sub-Saharan energy market. The involvement of specialized development-focused investors suggests a long-term commitment to scaling sustainable infrastructure, which will be essential for maintaining competitive advantage in the rapidly evolving off-grid energy landscape.
See full Qotto company page
