Guatemalan-based HYBRICO Energy Technologies, a company offering software-enabled clean energy solutions that services telecommunication companies across LatAm announced it will receive $2 million from Acumen LatAm Impact Ventures (ALIVE).
“We are very excited to be supporting HYBRICO in its mission to bridge the digital divide in rural areas across Latin America by enabling greater access to reliable connectivity to underserved communities in the region, while also reducing carbon emissions”, said Santiago Álvarez, Managing Partner at ALIVE Ventures, who will be joining HYBRICO’s Board of Directors as an observer.
Alvarez cited that 63 percent of the rural population in LatAm does not have access to connectivity compared to just 29 percent in urban areas. HYBRICO was founded in 2016, to tackle this challenge by offering an integrated energy solution for telecommunication sites that replaces emission-heavy generators, such as diesel, with leading-edge clean energy systems that combine solar-powered cells, lithium-batteries, and cloud-based site controllers.
HYBRICO, in working with top carriers in the region such as Telefonica, Tigo, and Clarohas, has established a footprint, providing energy solutions in over eight countries with 69 percent of their serviced sites located in off-grid areas.
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