08 Mar '17, 4pm

How One US Startup Is Making Electrification a Bankable Business in Frontier Markets

There’s a reason why Sigora International, a startup headquartered in San Francisco, chose to deploy its pioneering micro-utility platform in Môle-Saint-Nicolas, a remote seaside town in northwest Haiti -- the poorest region of the poorest country in the Western Hemisphere. “Why do we do this in the northwest of Haiti? Because fire testing this technology into a place that's difficult to deploy, that's difficult to prove the market, that's difficult, will basically allow us to deploy it anywhere else in the world,” Sigora’s founder and CEO Andy Bindea, told me on a trip to Haiti last summer. “Proving this technology in Haiti basically says it's doable anywhere else in the world,” he said. Last month, Sigora International’s Port-au-Prince-based company, Sigora Haiti, raised $2.5 million from the Electrification Financing Initiative (ElectriFI) to expand its existing grid ne...

Full article: https://www.greentechmedia.com/articles/read/how-one-us-s...

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