Pylon, an Egyptian company specializing in electricity and water distribution management, has expanded its operations to Brazil with the goal of helping electricity companies reduce losses and increase revenue collection. With 70 million subscribers in Brazil, Pylon seeks to tackle the problem of electricity and water distribution companies losing up to 40% of their revenue due to technical issues and non-payment by subscribers. Since its establishment in Egypt in 2017, Pylon has successfully reduced losses resulting from technical issues and non-payment by subscribers.

Ahmed Ashour, CEO of Pylon, stated that the company helps distribution companies by providing them with network-linked systems, which provide analysis data through an artificial intelligence system that identifies the locations of problems and suggests the best solutions to them. This technology allows the company to help raise the efficiency of electricity companies and solve technical and collection problems.

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In its first financing round, Pylon secured $19 million from debt and shares sold to investors, including Y Combinator and Khawarizmi Venture Capital Company. The company plans to raise another $30 million in investment shares and $60 million in loans to expand its operations in Africa and other Latin American countries.

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With its innovative technology and successful track record in reducing electricity losses in Egypt, Pylon’s expansion into Brazil and other regions is expected to help emerging countries in the fight against revenue loss, ultimately improving access to electricity and water for millions of people.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard