What is Qotto?
Founded in 2016, Qotto is dedicated to providing accessible solar energy solutions, primarily targeting off-grid communities. The company's focus on solar energy kits addresses a critical need for reliable and sustainable power in regions where traditional grid infrastructure is limited. Qotto's operations are centered in Benin, positioning it as a key player in the African renewable energy landscape.
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 FEI Off-Grid Energy Access Fund, Cordaid, and IBL Together
Key Investors in Qotto
FEI Off-Grid Energy Access Fund
The Off-Grid Energy Access Fund (OGEF) is an investment vehicle focused on providing local currency financing solutions to companies delivering affordable solar energy to off-grid communities in Sub-Saharan Africa. Managed by Cygnum Capital Group, OGEF aims to enhance local capital markets and support borrowers through capacity building and transaction structuring.
Cordaid
Cordaid International is a development organization focused on humanitarian assistance, healthcare, and sustainable development in fragile and conflict-affected regions. They aim to empower communities to build equitable and resilient societies, supporting initiatives that move beyond survival.
IBL Together
Ireland Blyth Limited (IBL) is a diversified investment group founded in 1830, with interests spanning financial services, agro, logistics, manufacturing, hospitality, and engineering. Headquartered in Mauritius, IBL invests across various key sectors.
What's next for Qotto?
The recent major enterprise-level funding, characterized as a strategic investment, suggests Qotto is poised for significant scaling and market penetration. This capital injection will likely fuel expansion efforts, potentially including the development of new product lines, enhancement of distribution networks, and further technological innovation in solar energy kits. The company's trajectory indicates a strong commitment to addressing energy poverty and fostering economic development through sustainable energy access.
See full Qotto company page
