Startup of the week / Israeli firm brings power to the less fortunate people
Nova Lumos combines solar energy, mobile payments and microfinance to bring electricity to far-flung places.
Roughly a fifth of the world's population – around 1.5 billion people, mostly in Africa and Asia – has no access to electricity and uses candles or kerosene lanterns to light their homes. These substitutes are costly and often hazardous, and have prompted a young Israeli startup to solve the electricity problem in developing markets.
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