Innovex

What Innovex does

Innovex is a Ugandan technology company founded in 2015 and headquartered in Kampala by CEO Douglas Baguma and CTO David Tusubira. The company designs, manufactures and operates REMOT, an IoT cloud platform that pairs a brand-agnostic smart gateway — compatible with any solar inverter, charge controller or pump — with a cloud dashboard delivering real-time telemetry, fault prediction, field-trip optimization and carbon-trade-ready MRV (measurement, reporting and verification) for distributed solar and off-grid appliance installations. REMOT gateways and ancillary devices are produced in-house at what the company describes as Uganda's first local SMT (Surface-Mount Technology) and plastics manufacturing facility, established in 2023 with PREO programme support. Beyond REMOT, Innovex offers contract electronics manufacturing (PCB assembly, enclosures, custom boards, OEM accessories) and collaborative engineering services for clients in renewable energy, mobility, logistics and agriculture.

The company's revenue model combines (i) hardware sales of REMOT gateways, sensors, controllers and contract-manufactured OEM boards, (ii) recurring SaaS subscriptions to the REMOT cloud platform for fleet monitoring and predictive maintenance, and (iii) project-based engineering services for custom hardware/software development. Pricing is quote-based with multi-year enterprise contracts; a self-serve motion exists via app.remotonline.com targeting smaller solar operators. Innovex serves off-grid solar operators, solar water-pump operators, climate-finance and development organizations, and contract-manufacturing clients across 12 African countries through 65 active partners. The business has been funded primarily through grants and small equity/check-sized rounds — including Cisco (2018), Carbon Trust and Energy Saving Trust (2019), GAIA Impact Fund and Iungo Capital (2021), and a ~$402,000 blended financing round in August 2024 from the International Trade Centre's Netherlands Trust Fund IV — with cumulative disclosed funding of approximately $926,843. Headcount is in the 11–50 range; revenue and ARR are not publicly disclosed.

Name

Innovex

Legal name

Innovex

Website

https://innovex.org

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovex is a Ugandan IoT company that designs, manufactures and operates REMOT, a cloud platform for monitoring distributed solar and off-grid equipment installations across 12 African countries. It serves off-grid solar operators, solar pump operators, climate finance organizations, and contract manufacturing clients in renewables, mobility, logistics and agriculture.

Ownership category

akta.pro rank

Product category

IoT Solar Monitoring Platform

NAICS

Computer and Peripheral Equipment Manufacturing (33411), Other Communications Equipment Manufacturing (33429), Computer Systems Design and Related Services (54151)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Computer Communications Equipment (3576), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Industrial Edge Control & IIoT Gateways (Edge PLCs, Data Acquisition, MQTT/OPC UA) (IMAGABAI)

akta.pro secondary industries

Industrial IoT/Edge Electronics Manufacturing (Gateways, Edge Controllers) (IMAGAGAC), Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB)

Keywords

• IoT solar monitoring
• Off-grid energy platform
• Embedded systems design
• Contract electronics manufacturing
• Distributed solar telemetry

Headquarters

HQ city

Kampala

HQ country

Uganda

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. IoT Hardware Sales: Sale of REMOT smart gateways, sensors, and controllers for solar installations. Also produces OEM products and contract-manufactured boards for partners in renewables, mobility, logistics, and agritech sectors.
2. REMOT Platform/SaaS: Cloud dashboard and monitoring platform subscription for operators managing distributed solar and equipment installations. Provides real-time visibility, fault prediction, and remote control capabilities.
3. Contract Manufacturing: SMT and plastics line offering contract manufacturing and repair services for clients across renewable energy, mobility, logistics and agriculture. Includes custom board production and OEM accessories.
4. Engineering Services: Collaborative hardware and software product development services fulfilling partner organizations' specific product development needs.

Pricing tiers

Go-to-market motion4 records

Distribution channels3 records

Marketing channels7 records

Core offering

Innovex designs, manufactures and sells the REMOT IoT cloud platform for monitoring distributed solar and equipment installations across Africa, pairing a brand-agnostic smart gateway with a real-time cloud dashboard that delivers fault prediction and remote control. It also operates an in-country SMT and plastics electronics manufacturing line producing IoT gateways, sensors, controllers and OEM boards, and provides collaborative hardware and software engineering services to partner organizations.

Product overview

Innovex offers a unified portfolio of three interconnected offerings: (1) REMOT, a cloud-based IoT platform for remote energy monitoring of distributed solar installations, featuring smart gateways, real-time telemetry dashboards, and fault-prediction capabilities; (2) Electronics Manufacturing, an in-country SMT and plastics production facility in Kampala that produces IoT devices (gateways, sensors, controllers) and provides contract manufacturing services; and (3) Engineering Services, offering custom hardware and software product development. The three services reinforce each other — REMOT is both a standalone SaaS product and showcases the company's own manufacturing and engineering capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• REMOT: IoT cloud-based platform used by organizations and businesses to operate and maintain solar and equipment installations effectively. Pairs a low-cost smart gateway with a cloud dashboard that works with any brand of solar inverter, charge controller or pump, providing live system health, fault prediction, and remote control across every site.

Products and services

• REMOT An IoT cloud platform that pairs a low-cost, brand-agnostic smart gateway with a real-time cloud dashboard to monitor distributed solar installations (PV systems, pumps, mini-grids). It provides live system health, fault prediction, remote control, and field-trip optimization for operators of distributed energy and equipment assets across Africa.
• Electronics Manufacturing Services Contract electronics manufacturing services delivered from Innovex's SMT and plastics facility in Kampala, producing IoT gateways, sensors, controllers, custom boards, enclosures and OEM accessories for clients in renewable energy, mobility, logistics and agriculture.
• Engineering Services Collaborative hardware and software product development services fulfilling partner organizations' specific product development needs, from embedded systems to cloud software integration.

Quantifiable outcome

• Up to 50% reduction in field visits through predictive maintenance
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ENNOScoreStrategic or Co-development Partner · 11 April 2025Swiss solar pump innovator ENNOS partnered with Innovex to deliver climate-smart, IoT-monitored water systems to communities across Africa. Combines ENNOS's SunCentrifugal pump technology with Innovex's REMOT platform. Pilot deployments begin in 2025 with manufacturing scale-up at Kampala facility. Pre-integrated kits include pump, controller, sensors and REMOT gateway.
• Energy 4 ImpactminorStrategic or Co-development PartnerNon-profit supporting energy access enterprises in developing markets
• AlibabaminorStrategic or Co-development PartnerTechnology partner supporting African tech ecosystem development
• Water and Energy for FoodminorStrategic or Co-development PartnerProgram supporting innovation in water and energy solutions for food security
• Carbon TrustminorStrategic or Co-development PartnerUK organization supporting carbon reduction and clean energy initiatives
• Royal Academy of EngineeringminorStrategic or Co-development PartnerAwarding body that recognized Innovex with Africa Prize for Engineering
• Republic of UgandaminorStrategic or Co-development PartnerGovernment partner for local operations and technology development
• CLASPminorStrategic or Co-development PartnerOrganization supporting clean and efficient appliance technologies in emerging markets

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Power Factors: Global renewable energy asset management software platform serving utility-scale solar, wind, and storage operators with monitoring, predictive maintenance, and MRV. Comparable monitoring-and-fault-prediction functionality, though oriented to utility-scale rather than distributed off-grid solar.
• AlsoEnergy (Stem): Solar and storage monitoring and analytics platform serving commercial and utility-scale operators globally. Comparable cloud-based monitoring and analytics capability, though serving larger-scale installations rather than distributed off-grid.
• SolarEdge: Global solar inverter and module-level monitoring provider with broad IoT-enabled solar asset management. Comparable in solar IoT hardware-software integration, though focused on grid-tied C&I and residential markets rather than off-grid distributed solar.

Direct peers

• Zola Electric: Tanzania/US-based provider of solar home systems and mini-grids with integrated IoT for remote monitoring and pay-as-you-go billing. Directly comparable in East African distributed solar + IoT focus and SMB customer base.
• M-KOPA: Kenya-based pay-as-you-go off-grid solar provider with embedded IoT connectivity for distributed solar home systems across East Africa. Closely comparable to Innovex in target customer (off-grid solar operators) and geography, though M-KOPA also sells its own solar hardware rather than operating a brand-agnostic gateway.
• BBOXX: UK-headquartered off-grid solar company with IoT-monitored solar home systems deployed across Africa. Comparable in IoT-for-distributed-solar proposition and African target markets, with established utility-scale partnerships and larger deployment footprint.
• d.light: Global pay-as-you-go solar home system provider with IoT-enabled devices distributed across Africa and Asia. Directly comparable as an IoT-equipped off-grid solar player serving similar SMB and household customers, with broader geographic reach and deeper capital base.
• Sun King (Greenlight Planet): Pay-as-you-go solar home system provider operating across Africa and Asia with embedded connectivity for usage monitoring and credit management. Directly comparable as a connected off-grid solar platform serving similar SMB and household segments.
• SparkMeter: US/East Africa smart metering provider for mini-grid operators, offering real-time monitoring, fault detection, and customer management. Comparable as an IoT software-and-hardware platform serving distributed energy operators in Africa, with overlapping customer base.
• Husk Power Systems: Off-grid mini-grid solar operator with proprietary IoT monitoring across Africa and Asia. Comparable as an IoT-enabled distributed renewable energy company operating mini-grids and productive-use appliances in similar geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/InnovexUG
• Facebookfacebook.com/innovex.org
• LinkedInlinkedin.com/company/innovexug

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovex