The installation of smart meters in the industry to monitor induction motors (IMs) provides easy access to the measurements of the electrical and mechanical variables, which improves the installation process. Using smart meters in industry requires temporary high-resolution data to improve the energy efficiency (EE) and power factor (PF) of IMs. For these purposes, Long Range (LoRa) is an ideal wireless protocol for the usage in industries due to its low energy consumption. In addition, it provides secure communications and long range indoors and outdoors. LoRa avoids the need to install antennas or routers to extend coverage, as each gateway can service 300 LoRa devices with distances of up to 10 km. For this purpose, this research successfully developed a new prototype for a low-cost IM Efficiency Monitoring System using LoRa (IMEMSL). IMEMSL is based on the Arduino open-source electronic platform. It sends the acquired data through the LoRa low-power wide-area-network (LPWAN) and cloud access gateway. This document describes the hardware and software design and implementation. The experimental results are presented and discussed. Received Signal Strength Indicator (RSSI) and time on air measured endorse the use of LoRa for this type of meters. The approximate cost of the prototype was €72 and €93 for the versions without and with Global Positioning System (GPS), respectively.