Ilumexico
Iluméxico is a Mexico-based B-Corporation that finances and operates off-grid solar-plus-storage systems under a "Solar as a Service" subscription for households, small businesses, and eco-tourism operators in remote Mexican communities across at least seven states.
- Company typePrivate
- Founded2012
- HeadquartersMexico City, Mexico
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Ilumexico does
Iluméxico (legal entity: Eres Energía Renovable SAPI de C.V.) is a Mexico-based B-Corporation that designs, finances, and operates off-grid solar photovoltaic systems with battery storage for households, small businesses, and eco-tourism operators in remote and underserved Mexican communities. The company packages hardware, installation, monitoring, and maintenance into a "Solar as a Service" monthly subscription, removing the upfront capital barrier that typically blocks off-grid energy access. The underlying technology stack is a standard off-grid PV-plus-storage architecture rather than a proprietary hardware platform; the differentiation sits in financing structure, local distribution, and field service.
The product portfolio comprises two lines. The HOME line addresses residential customers, with subscriptions starting at MX$735 per month. The PRO line addresses small commercial and eco-tourism customers requiring higher capacity, starting at MX$4,289 per month, with planned tiered offerings (Niveles 6, 7, 8) ranging from MX$4,500 to MX$11,750 per month plus installation fees of MX$29,000 to MX$81,000. Pricing is structured as recurring subscription revenue under multi-year service contracts, with the company retaining ownership of the equipment.
Operations span at least seven Mexican states — Quintana Roo, Baja California Sur, Puebla, Oaxaca, Jalisco, Baja California, and Estado de México — with concentrated activity in coastal eco-tourism zones such as Holbox, Mahahual, Tulum, Bacalar, Todos Santos, and Los Cerritos. Distribution combines direct sales with an authorized local-vendor / resellers network. As of early 2025, the company reports more than 150,000 people benefited, 5+ MW of installed solar capacity, 43,700+ tonnes of CO₂ displaced, and 350+ jobs generated. Backed by Iberdrola, MassChallenge, Promotora Social México, and R.I.S.E. Artisan Fund (managed by Beneficial Returns), and affiliated with B Lab, Ashoka, and Endeavor, Iluméxico operates from Mexico City with an 11–50 employee headcount under founder/CEO Manuel Banuet, alongside CFO Luis Rubén Rodas, Chief Innovation Officer Morgan Babbs, and Chief of Staff Ana Lucia Coll Guzmán.
Ilumexico firmographics
Firmographics- Name
- Ilumexico
- Legal name
- Eres Energia Renovable SAPI de C.V.
- Website
- https://ilumexico.mx
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Iluméxico is a Mexico-based B-Corporation that finances and operates off-grid solar-plus-storage systems under a "Solar as a Service" subscription for households, small businesses, and eco-tourism operators in remote Mexican communities across at least seven states.
- Ownership category
- akta.pro rank
Ilumexico industry classification
Industry- Product category
- Off-grid solar energy services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Community Solar Development & Subscription Management (EUAMAJAA)
- akta.pro secondary industry
- EV Charging Grid Integration Services (Utility Make-Ready, Load Management Integration) (EUAEANAJ)
Keywords
Where Ilumexico is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Markets served
Ilumexico business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Monthly solar service subscriptions (Línea HOME and Línea PRO): Recurring monthly fees (HOME from $735 MXN; PRO tiers $4,500–$11,750 MXN) for delivery of continuous solar energy as a service, including hardware, installation, support, and battery replacement. Plus one-time installation fees ($29,000–$81,000 MXN) on PRO plans.
- Custom energy ecosystem design & installation services: One-time installation/setup fees plus bespoke engineering for commercial clients in remote zones, including modular system sizing based on equipment load analysis and aesthetic integration.
- Managed energy service (operations & maintenance): Ongoing managed service including preventive maintenance, on-site repairs, remote monitoring, and component replacement — bundled into the monthly fee structure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Línea HOME — solar electricity service for households |
| Subscription | Monthly | PRO Nivel 6 — 15 kWh/day, 3,000W inverter for small businesses |
| Subscription | Monthly | PRO Nivel 7 — 25 kWh/day, 6,000W inverter for mid-size businesses |
| Subscription | Monthly | PRO Nivel 8 — 50 kWh/day, 9,000W inverter for larger businesses |
Go-to-market motion1 record
Ilumexico product offering
Product offeringCore offering
Iluméxico delivers subscription-based off-grid solar electricity service to Mexican households and businesses lacking reliable access to the CFE utility grid. Customers receive installed photovoltaic panels, lithium battery storage, inverters, ongoing preventive maintenance, on-site technical support, and end-of-life battery replacement for a recurring monthly fee plus, on commercial plans, a one-time installation fee. The service is sold under two main lines: Línea HOME for residential customers and Línea PRO for commercial customers, with the company retaining ownership of the hardware throughout the subscription.
Product overview
Iluméxico operates a two-tier service architecture rather than a single product: the Línea HOME core residential offering and the Línea PRO core commercial offering, both delivered as monthly solar electricity subscriptions that are fully off-grid (independent of the CFE utility network). The commercial Línea PRO is further subdivided into modular sub-products — Pro Niveles 6, 7, and 8 — which scale daily energy budget (15 → 25 → 50 kWh/day) and inverter capacity (3,000W → 6,000W → 9,000W) to match the customer's load. All offerings are underpinned by Iluméxico's solar panel rental model, under which the company owns the equipment (panels, batteries, inverters), performs installation and on-site maintenance, and replaces batteries at end of life, enabling remote households, eco-tourism operators, and rural businesses in Mexico to obtain reliable 24/7 power without grid access.
Differentiator
Problem solved
Functional benefit
Products and services
- Línea HOME Residential solar electricity subscription service providing 24/7 off-grid photovoltaic power for households that experience frequent blackouts, rely on fuel generators, or need refrigeration. Includes installation, batteries, and ongoing technical support. Starts at $735 MXN per month.
- Línea PRO Commercial solar electricity subscription service for businesses operating in remote or grid-absent Mexican locations, delivering uninterrupted power via photovoltaic panels, batteries, and on-site technical support. Custom-designed modular system scales with the customer's load; from $4,289 MXN per month.
- Solar Panel Rental (Renta de Paneles Solares) Subscription-based solar panel rental model in which Iluméxico retains ownership of the equipment and handles installation, maintenance, and battery replacement, offering off-grid customers predictable monthly costs without upfront capital outlay.
Companies that use Ilumexico
Customer profileIdeal customer profiles2 records
Ilumexico technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ilumexico partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights5 records
Ilumexico competitors and assessment
Company assessmentDirect peers
- Husk Power Systems: Operates solar-hybrid mini-grids and energy-as-a-service in rural communities across emerging markets (India, Africa, Latin America). Directly comparable to Iluméxico's off-grid subscription model serving unelectrified households and businesses, with similar asset-owning, recurring-revenue economics.
- d.light: Pay-as-you-go and financed solar home systems provider serving off-grid households and small businesses in Africa and Asia. Comparable to Iluméxico's HOME-tier subscription model, with shared emphasis on asset financing, mobile-money-style collections, and rural distribution.
- M-KOPA: Pay-as-you-go solar home systems operator in East Africa with millions of active subscribers paying small daily fees for solar power and appliances. Highly comparable to Iluméxico's subscription-based delivery model and its focus on replacing kerosene/diesel generators in off-grid homes.
- BBOXX: Global off-grid solar provider offering solar home systems and clean energy services on pay-as-you-go terms across Africa and Asia. Comparable to Iluméxico's hardware-owning, subscription-bundled model and its focus on tiered products scaled to customer load.
- Sun King (Greenlight Planet): Distributes and finances solar home systems in emerging markets through a pay-as-you-go model with millions of active customers. Closely parallels Iluméxico's approach of selling solar energy as an affordable service rather than a hardware product to off-grid customers.
- Zola Electric: Provides off-grid solar-plus-storage solutions across sub-Saharan Africa on a pay-as-you-go basis, including higher-capacity systems for small commercial customers. Comparable to Iluméxico's PRO tiers in terms of modular system sizing and recurring service revenue.
- Oolu Solar: West African pay-as-you-go solar home systems operator serving off-grid households and small businesses. Comparable in business model (asset-owning subscription, focus on replacing diesel generators) and in targeting similar customer segments to Iluméxico's HOME customers.
Broad incumbents
- Iberdrola (through its i-DE and distributed-generation subsidiaries): Global renewables major and prior Iluméxico investor (2017 round). Operates a broad portfolio of grid-tied solar, wind, and distributed generation in Mexico and globally; comparable as a counterparty and strategic backer in the Mexican solar ecosystem even though it does not specialize in Iluméxico's off-grid rural niche.
Emerging players
- Energia Renovable Latinoamericana (EnRel): Latin American distributed solar and energy services providers focused on residential and SME customers in Mexico and the broader region. Partial overlap with Iluméxico's customer base and product model, but typically grid-tied rather than fully off-grid.
Regional players
- Soluciones Energéticas Rurales (Mexican rural electrification NGOs/contractors): Regional players and NGO-led contractors delivering subsidized solar electrification to off-grid Mexican communities (e.g., through SENER rural programs). Operate in the same geography and customer segment as Iluméxico, with comparable off-grid delivery models but typically grant-funded rather than commercially financed.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Ilumexico social profiles
Digital presenceIlumexico compliance and trust
Trust signalCompliance5 records
Ilumexico financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ilumexico leadership team
Management profileNumber of profiles
Profiles4 records
Ilumexico funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ilumexico M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ilumexico
What does Ilumexico do?
Iluméxico delivers subscription-based off-grid solar electricity service to Mexican households and businesses lacking reliable access to the CFE utility grid. Customers receive installed photovoltaic panels, lithium battery storage, inverters, ongoing preventive maintenance, on-site technical support, and end-of-life battery replacement for a recurring monthly fee plus, on commercial plans, a one-time installation fee. The service is sold under two main lines: Línea HOME for residential customers and Línea PRO for commercial customers, with the company retaining ownership of the hardware throughout the subscription.
Is Ilumexico a public or private company?
Ilumexico is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ilumexico founded?
Ilumexico was founded in 2012. It employs 11 to 50 people.
Where is Ilumexico based?
Ilumexico is headquartered in Mexico City, Mexico, in the Latin America region.
How does Ilumexico make money?
Three revenue lines are on record. Monthly solar service subscriptions (Línea HOME and Línea PRO) is the primary driver. The others are custom energy ecosystem design & installation services and managed energy service (operations & maintenance).
Who are Ilumexico's main competitors?
Direct peers on record are Husk Power Systems, d.light, M-KOPA, BBOXX, Sun King (Greenlight Planet), Zola Electric and Oolu Solar. Iberdrola (through its i-DE and distributed-generation subsidiaries) is listed as a broad incumbent. Energia Renovable Latinoamericana (EnRel) is listed as an emerging player. Soluciones Energéticas Rurales (Mexican rural electrification NGOs/contractors) is listed as a regional player.
Does Ilumexico have an API?
No public API is recorded for Ilumexico.
What industry is Ilumexico in?
Ilumexico's product category is Off-grid solar energy services. Its primary akta.pro industry code is EUAMAJAA, Community Solar Development & Subscription Management, with a secondary code of EUAEANAJ, EV Charging Grid Integration Services (Utility Make-Ready, Load Management Integration). Its NAICS code is 221114 and its SIC code is 4911.