In 2020, DIV innovator SparkMeter concluded a nearly $1.5 million grant from DIV, which funded technology research and development and business development activities for their product, Advantage Meter Suite. Advantage Meter Suite is a novel electricity meter built to operate well in dense markets with high levels of regulatory scrutiny where multiple meters are required on a single pole and detailed remote management is critical to their success.
SparkMeter stated that DIV’s support helped it launch the new product line in early 2020, earn compliance certificates in Nigeria and Rwanda, close $12 million in Series A financing, and sign a distribution utility contract with State Nigeria Limited.
SparkMeter is a provider of grid management solutions tailored to emerging markets, where 3.5 billion people live without reliable electricity access. SparkMeter provides a low-cost, comprehensive metering solution for energy systems ranging from rural microgrids to urban central grids. Read Sparkmeter’s blog