SparkMeter Completes $12 Million Series A Financing led by Breakthrough Energy Ventures, Clean Energy Ventures and Goodwell Investments

WASHINGTON, Aug. 25, 2020 /PRNewswire/ -- SparkMeter, a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia and the Americas, announced today the closing of an $12 million Series A financing. The latest funding will allow SparkMeter to launch its new Digital Solutions offering, connecting smart grid data insights to business operations for large electricity distribution utilities in emerging markets. SparkMeters low-cost combination of patented two-way meter communication and smart grid software designed specifically for hard-to-reach and low-consumption end-users improves load management, customer services, and billing. "With SparkMeters new Digital Solutions offering backed by the companys proprietary technology, utilities can now go even further towards improving their operations with the market-leading data collection, advanced analytics and grid management tools we provide." "We are extremely pleased to be SparkMeters first major investor in Africa and look forward to supporting the company to expand and reach its business and social impact goals across the continent."