Company Profile (AI Text)
Name: NovoMoto
Canonical URL: https://wefunder.com/novomoto
Updated at: 2026-06-02T05:00:24Z

Tagline: Affordable solar electricity for the DR Congo: Rapid growth despite COVID-19
Elevator pitch: NovoMoto sells high-quality solar systems for off-grid homes and small businesses in Sub-Saharan Africa. The systems transform customers' lives! Customers use our systems to improve how their children study, boost their business activities & save money. NovoMoto's systems are made affordable with payment plans. They are secured with technology that enables customers to use electricity only when they are up to date with their payments. All NovoMoto systems include customer service & a warranty.

Key claims:
- Total raised on Wefunder: 418461 | citation: https://wefunder.com/novomoto#claim-total-raised
- Total investors: 338 | citation: https://wefunder.com/novomoto#claim-total-investors

Verified facts:
- Total raised on Wefunder: 418461 | observed_at: 2026-06-02T05:00:24Z | expires_at: 2026-06-03T05:00:24Z
- Total investors: 338 | observed_at: 2026-06-02T05:00:24Z | expires_at: 2026-06-03T05:00:24Z

Computed metrics:
- total_amount_raised: 418461
- total_investors: 338
- team_size: 3
- featured_investor_count: 1
- faq_count: 5
- recent_post_count: 7

Quick facts:
- Opportunity to invest in $25B energy market in sub-Saharan Africa | citation: https://wefunder.com/novomoto#claim-fact-1
- Invest in a first mover in the off-grid solar market in D.R. Congo with the goal of bringing electricity to 1 million families by 2026 | citation: https://wefunder.com/novomoto#claim-fact-2
- Completed over 300 solar installations for customers in D.R. Congo up to mid-2019, 13% month-over-month growth since mid-2017 | citation: https://wefunder.com/novomoto#claim-fact-3
- More than 1500 people have access to electricity from NovoMoto's installed systems | citation: https://wefunder.com/novomoto#claim-fact-4
- More than $20,000 savings provided to our customers | citation: https://wefunder.com/novomoto#claim-fact-5
- Additional $18k raised in Reg D | citation: https://wefunder.com/novomoto#claim-fact-6

FAQ:
- Q: what kind of panels are you supplying/using ?
  A: Hi Gabriel, we are using poly-crystalline silicon based solar panels.
- Q: What is the biggest cost of running this business?
  A: Thanks for the question. The cost to manufacture and import our solar kits is our largest expense. From an operating expenses standpoint, customer acquistion and customer service are our largest costs.
- Q: 1) Do you view yourself as a tech company or a financing company? 2) Are you raising additional capital from non-crowdfunding sources? 3) What KPIs do you track on a daily/weekly/monthly basis? 4) Assuming proper funding runway, what management/functional area will you beef up...
  A: Thank you for your question. Here are the answers to your questions: 1) We see ourselves as a new generation of utilities that generates electricity only with renewable sources of energy. We see technology and financing as tools to serve our customers. 2) Our goal is to raise our seed round as soon as possible. The crowdfunding campaign is a great platform to do so and hence we are focusing on it now, but in case there are investors that prefer to invest outside of the campaign, we are open t...
- Q: Congrats to you and your team and for the impact you are having!!! Can you discuss your economics a little bit more? Product 1: Initial Fee of $25 plus $10 per month for 18 months = $205 of revenue Product 2: Initial Fee of $80 plus $24 per month for 18 months = $512 of revenu...
  A: Thank you Bryan! Absolutely, here is a breakdown on the unit economics: Product 1: CAPEX (hardware, shipping, customs) is $65, OPEX (customer service, salary per system, CAC, 9% of revenue as default rate) is $70, and Profit is $70 - Revenue is $205 Product 2: CAPEX (hardware, shipping, customs) is $208, OPEX (customer service, salary per system, CAC, 9% of revenue as default rate) is $134, and Profit is $170 - Revenue is $512
- Q: Looks like an amazing opportunity to really change lives, with a combination of economic, social, and environmental impact all in one! The financials look promising as well, but wanted to probe a bit deeper before investing: 1) After the initial installation and 18 month payof...
  A: Thank you for the compliments Deric! Here are responses to your questions: 1) Yes, we are working on offering upgrade packages that would allow our customers to gain access to more of the appliances and experience (lights, TVs, fans, refrigerators/freezers and more) that they want for home and small business. On top of that, we are working on a plan to offer our customers an extended maintenance/service plan so that they can enjoy their systems indefinitely! 2) Large energy firms have recentl...

Recent posts:
- First quarter of 2020 was our best quarter to date! (2020-05-01T16:19:45Z) https://wefunder.com/feed/133545
- I'm very happy because NovoMoto came to rescue us! (2020-02-29T01:50:06Z) https://wefunder.com/feed/130259
- $300K so far! We appreciate your support! (2020-02-10T00:26:30Z) https://wefunder.com/feed/128987
- 200 investors so far! Thank you! (2020-02-10T00:16:50Z) https://wefunder.com/feed/128986
- We have 150 investors now! Thank you for your support! (2020-01-27T02:07:39Z) https://wefunder.com/feed/128228
- More than 100 investors have invested in our round so far, thank you! (2020-01-20T15:53:08Z) https://wefunder.com/feed/128138
- Up to 25% faster growth - Exemptions from the government in Congo (2020-01-15T20:18:55Z) https://wefunder.com/feed/128069