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. [Read More]
A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level).
Debt and Equity Opportunity
January 04, 2020
April 03, 2020
Open to Investors
If $50,000 is raised:
If we raise $50,000 we will spend the funding as follows: 30% Purchasing hardware (solar panels, controllers, batteries, LED lights, cables, and other misc. items) - 300 single light PAYG solar systems 63.5% Operational costs for the team (salaries, travel expenses, office rentals) - 2 months runway 6.5% Wefunder intermediary fee
If $1,070,000 is raised:
If we raise $1,070,000, we will spend the funding as follows: 60% Purchasing hardware (solar panels, controllers, batteries, LED lights, cables, and other misc. items) - 2000 TV systems and 2000 single light PAYG solar systems 33.5% Operational costs for the team (salaries, travel expenses, office rentals) - 12 months runway 6.5% Wefunder intermediary fee
PhD at UW-Madison and former NASA Space Technology Research Fellow
PhD at UW-Madison at the Materials Research Science and Engineering Center
$1.00 per share
$100K+ voting right threshold
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