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Powerhive

Powerhive unlocks clean, productive, and affordable electricity for millions of households and businesses in emerging markets.

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Oakland, CA, USA
  • Currency USD
  • Founded September 2011
  • Employees 8
  • Website powerhive.com

Company Summary

Powerhive has developed a technology platform and business model that enables financing and monetization of distributed solar microgrids. Pre-paying for electricity via mobile phones, our consumers in emerging markets can now enjoy bright lights, TVs, sewing machines and other income generating appliances for the same price as what they used to pay for kerosene. Powerhive unlocks clean, productive, affordable and reliable electricity for the BOP.

Team

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    Carlos Abreu
    Advisor, Project Development

    Manages renewable energy programs and negotiate transactions at PacificGas & Electric. Prevously an investment banker at Citigroup (power sector), management consultant, and international development professional, with experience in Africa, Asia, Latin America, and Europe . B.A. International Economics & Political Science, UCLA. MBA and Master of International Affairs, Columbia.

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    Christopher Hornor
    Founder / CEO

    2x entrepreneur. As founder/CEO of Solio, Chris built it into a $10mm company, reaching 2mm consumers with solar chargers in US, EU, and Africa. Pioneered pay as you go solar charging in Africa. B.A. Anthropology, UC Santa Barbara.

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    Rik Wuts
    Co-Founder / VP Business Development

    Introduced solar devices in 30+ countries in cooperation with local Mobile Networks Operators. Global marketing director for a solar tech company. B.S. Applied Physics, M.S. Product Design, Delft University of Technology.

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    Matt Basinger
    VP Technology

    Spearheaded research and deployment effort for Columbia University’s pay-as-you-go microgrids in emerging markets. Designed and deployed clean energy systems in 20+ countries. PhD Environmental Engineering, Columbia University.

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    Jane Oyugi
    VP Product

    15+ years SaaS product management and development experience. Deloitte consultant providing strategy, process and technology advice to mobile operators and other Fortune 500 companies. Software engineering at IBM. B.S. Computer Engineering, Syracuse University, MBA Georgetown University. Born & raised in East Africa.

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    Barrett Raftery
    Director, Field operations

    Designed and built 30+ solar installations in East Africa for health clinics and schools. Founder of Doorman Property management. Project leader for ‘1 million lights’. Designed and installed commercial & residential solar in US.

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    Alina Kogan
    Director, Finance

    Consulted for institutional investors, DFIs, MFIs and foundations. Worked with impact investing funds in US and Africa. LatAm investment banking at Citigroup. B.A. Public Policy, Princeton University, MBA Columbia.

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    Joe Marshall
    CFO

    Experienced CFO in solar space for companies such as TBL Capital, Solio and Zep Solar. B.S. UC Berkeley, MBA, Harvard.

Advisors

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    Board of Advisors includes senior executives from Suntech, Vodafone & Rabobank, among others
    Lawyer
    Unconfirmed

Previous Investors

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    Initial capital from founders
    Unconfirmed