Congratulations is in order for d.light as it reached its 500,000th customer, providing modern energy access to 2.5 million people on its pay-as-you-go system. As a result, the company launched the Energy Access Accelerator, an initiative focused on integrating d.light’s growing range of solar power products and services with a diversity of payment and distribution systems. Known as pay-as-you-go solar, d.light’s financed solar systems are helping to transform the lives of 1.2 billion people in the developing world without access to energy.
d.light’s Energy Access Accelerator will focus on integrating advanced product technology and service offerings for a full range of payment systems, including microloans, self-help groups, top-up cards and mobile money. The group will be led by d.light’s President, Ned Tozun, and Managing Director of Global Consumer Finance, Sateesh Kumar. Tozun, who co-founded d.light in 2006, will focus on technology enablement of pay-as-you-go. The group will also leverage the talents of New Business Initiatives Manager Karl Skare, to apply financing solutions to a broad range of products and services, as well as CFO Al Wood and Director of Financial Planning Jill Macari, to mobilize capital.
Donn Tice, Chairman and CEO, said: “d.light’s Energy Access Accelerator will be focused on scaling distributed energy solutions for the diversity of energy impoverished geographies. Scale requires a consistent user experience, reliable energy and flexible payment options.”
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