Lumeter PAYG Technology
Lumeter Networks
The Lumeter PAYG Technology is a combination of hardware and customizable software back-end that can be embedded into a variety of products to create Pay-As-You-Go enabled systems.
The Lumeter PAYG Technology is a combination of hardware and customizable software back-end that can be embedded into a variety of products to create Pay-As-You-Go enabled systems. Off-grid energy solutions may be adapted with this product to allow end-users, who lack access to electricity, buy time on a solar home system, or other energy products. Meters have a payment mechanism similar to a pre-paid cell phone system, where customers can use their cell phone’s text message service (SMS) to buy electricity credit (i.e. Pay-As-You-Go). This product will function until the purchased credits are depleted, and then the metering system will disable it until more credits have been purchased.
Negotiated with customers. Interview with representative
Primary competitors include Angaza Embedded PAYG and M-Kopa Solar PAYG Systems.
Manufacturers and distributors of products for underserved communities that are aiming to implement Rent-to-Own and Pay-As-You-Go models in order to serve primarily poor and mostly rural, families who lack access to essential infrastructures such as electricity and either savings or easy access to credit.
