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Two former CloudKitchens execs are tackling Mexico’s solar power lag
The Mexico City-based startup raised a seed round to expand its solar installation platform.
Their pitch and process attempts to assuage customer concerns: People don’t have to put any money down, they’re guaranteed savings on their utility bills, and if they’re not happy with the panels, Niko will remove them for free. Once the company gets a foothold in the solar market, it envisions capturing more home electrification projects, including batteries, EV chargers, and water heaters. To find customers, Niko is courting large corporations to offer their service as an employee benefit, and banks that might want to improve the environmental sustainability of their mortgage portfolios.
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