LONDON – Eight19 Ltd. (Cambridge, England) has decided to spin off its Indigo pay-as-you-go solar technology for off-grid markets as a company called Azuri Technologies Ltd.
Eight19, a startup formed in 2010, will continue to focus on the development of its printed plastic solar cell technology, while Azuri will focus on expanding the Indigo product.
Indigo – currently based on conventional solar cell technology – is being rolled-out in Africa and the Indian sub-continent. These products replace poorly performing kerosene lamps which contribute to ill-health and carbon footprint in emerging economies. Indigo is currently deployed in Kenya, Malawi, Zambia, South Sudan, Uganda and South Africa and has enjoyed rapid expansion.
The entire Indigo activity has transferred to Azuri and Simon Bransfield-Garth will remain CEO of both companies.
It is expected that Azuri will provide a route to market for Eight19's printed plastic solar products and Eight19 providing the supply of low cost, lightweight and flexible solar technology. Eight19 began organic solar trials in Africa earlier this year.
Eight19, founded in 2010, is included in version 13.0 of the Silicon 60 list of emerging startups published by EE Times. Eight19 entered the Silicon 60 at version 12.0 in April 2011.
Related links and articles:
Eight19 readies printed plastic solar cell R&D center
Organic photovoltaic startup appoints CEO
Cambridge OPV startup raises $7 million