F
First Electric
Open-source IoT smart prepaid meters expanding solar energy access in Nigeria.
What it does
Founded by Daniel Komolafe, First Electric designs low-cost IoT smart meters and solar installation products designed to reduce the capital entry barrier for off-grid power adoption across local Nigerian communities.
grid-softwareinfrastructure
Known for
- Open-source GSM smart meter initiative
- Affordable solar metering
Model & industry
B2BB2CClean EnergyHardware
Funding history
$365K
Total raised
1
Rounds
Undisclosed
Latest stage
2026
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2026-06 | Undisclosed | $365K | Cascador |
Source: Condia Funding Tracker
Products & subsidiaries
GSM Open Smart Meter · Prepaid Metering Hardware
People
Investors
EnAccess Foundation