Leonardo DiCaprio is a very active environmental activist. His latest move was to invest in Kingo, an energy company in Guatemala specializing in building off-grid solar power facilities. This fast-growing company has grown from a pilot project just a few years ago to serving 60,000 households in developing countries.
In 1998, the famous actor created the Leonardo DiCaprio Foundation. He has devoted many years to global warming and has worked on various documentaries. Not only is he a vegetarian, he drives an electric car and his house is powered entirely by solar panels.
DiCaprio always fuels the conversation about environmental protection, the benefits of renewable energy, wildlife protection, and Native American rights. Now he is taking action by investing in a company that develops all the values he believes in himself.
Kingo was founded in 2013 by four entrepreneurs seeking to solve energy shortages in rural areas of developing countries. Incredibly expensive energy in some places, while others just can’t get it. At Kingo, they offer solar power plans to customers without charging installation or maintenance fees.
How can Kingo do this? The amount of energy is paid in advance at a local store equipped with solar panels. Customers receive a code to use with their Kingo device and unlock the amount of power they purchased. This eliminates the need to maintain many home solar panel systems.
Kingo started with 500 homes in a pilot test in early 2015, just a few years after its launch. They now serve 60,000 homes and install 7,000 new systems every month. 92% of your customers save money compared to traditional options and 86% were able to increase their productivity.
“Solar energy is the key to a future without fossil fuels, and Kingo’s technology will help enable widespread use of clean energy in developing countries.Leonardo DiCaprio said in a press release. “I am proud to invest in Kingo to eradicate fuel poverty and look forward to becoming a company advisor.“.
Kingo has received $ 25 million in investments since its founding. Along with DiCaprio, they received money from Engie, Europe’s largest utility company, and French and Dutch development banks. At this rate of growth, Kingo expects to reach one million customers by 2020 and a whopping 100 million users by 2035.