Delivery of clean energy solutions to households by on demand delivery service  of solar products

Delivery of clean energy solutions to households by on demand delivery service of solar products

Delivery of clean energy solutions to households by on demand delivery service  of solar products Sector: Renewable Energy Year of establishment: 2014 Investment need: 150,000 USD    Company description The company was founded in 2014 as a distribution company of solar products in partnership with a German based manufacturer. Works with a distribution network of 168 active agents in 10 districts in Uganda. The 10 districts are managed by a central hub taking care of importation, storage, distribution, product testing and after sales services. The company offers smaller solar products (solar lamps and solar lamps with mobile phone charging) in a price range between UGX35,000 and UGSX100,000 for cash sales and larger products (solar home systems and appliances ) starting from UGX600,000 via pay as you go  technology (PAYG). The company has contracts with 2 of the big telecom networks in Uganda, via which consumers can order, pay  for their products and request for service. Investment opportunity The company seeks $150,000 in working capital to purchase inventory. This will allow the company to purchase the volumes that justify sea shipment, which reduces transportation costs and improves the gross margin to about 30%. Entrepreneurial team The company is 100% owned by the company founder. The company offers a competitive remuneration package (including health insurance) to its employees. Also, the company founder empowers his team members, encouraging to work independently. Social Impact The company heavily invests in the training of its agent network, both on solar technology (functioning and maintenance of solar products) and financial literacy. To date, the company has trained 402 agents. Via the combination of its rural distribution model...
Providing Equitable Access to Clean cooking for every Ugandan household by producing and distributing energy efficient cooking stove

Providing Equitable Access to Clean cooking for every Ugandan household by producing and distributing energy efficient cooking stove

Providing Equitable Access to Clean cooking for every Ugandan household by producing and distributing energy efficient cooking stove Sector: Renewable Energy Year of establishment: 2007 Investment need: 300,000 USD    Company description The Company was established in 2007. The CEO founded the company with a vision of reducing charcoal consumption and exposure to smoke among users of stoves. The company has set out its future growth strategy which focuses on the scaling of it’s efficient cook stoves business. as they generate more revenue to the company and the market is feasible. They are more sustainable and scalable. The Company has sold over 4,867 cook stoves since 2015. The company has favourable payment terms to its customers- 50% up front payment Investment opportunity There is a growing demand for the cook stoves in both the rural and urban areas which the company cannot currently meet. The Company is currently producing the cook stoves manually and can only be able to produce 500 stoves a week, however with the purchase of more machinery for production, the company will be able to produce 1000 cookstoves per week. Team The CEO of the company holds a degree in Electrical engineering, Certificate in financial and Business management, a diploma in welding and Fabrication. He has 12 years of experience. Social impact Consumers that use the cookstoves  have a 70% cost saving in regards to fuel use Innovations of home business for example making stove fuels from grass, making briquettes and selling and earning an income The cook stoves have high health benefits to the consumers; no smoke, less fuel consumption, fast at cooking(time saving) Employment...
Providing low income Ugandan households with cost-saving, safe and eco-friendly energy solutions

Providing low income Ugandan households with cost-saving, safe and eco-friendly energy solutions

Providing low income Ugandan households with cost-saving, safe and eco-friendly energy solutions Sector: Clean Energy Year of establishment: 2012 (incorporated in 2013) Turnover 2016: 740, 000 USD (2015: 370,000 USD) Investment need: 350,000 USD Product, Market Solution The company started its activities in 2012 producing briquettes and selling stoves purchased from a local manufacturer but with an overall vision of providing energy saving solutions. In 2013 the Company started producing their own energy efficient cook stoves.The briquettes are cheaper than traditional charcoal and burn longer allowing the users to make a saving of 20-40% of energy costs. The briquettes are fully made out of waste, for each kilogram of briquettes, 4.6 kg of waste is recycled. The energy-efficient stoves that allow the user to save up to 40% of the money usually spent on charcoal. They have also recently started selling small amounts of solar lamps and water filters, both relevant to reduce pollution and enable money savings. Entrepreneur and team The Company founder holds Master’s degrees in engineering, philosophy and economics and is currently pursuing doctoral studies on social entrepreneurship in Africa and is supported by a team of over 100 staff with a mix of local and expatriate staff. Turnover and investment need The Company’s turnover grew from $370,000 to $740,000 between 2015 and 2016. The Company is looking for financing to further scale-up through optimization of its production and distribution processes. The Company is looking to set up competent R&D team by hiring and training staff, increasing it’s distribution network by recruiting and training about 30 new micro-entrepreneurs per year . Impact The company contributes to a...
Providing last mile distribution and servicing solutions for solar products

Providing last mile distribution and servicing solutions for solar products

Providing last mile distribution and servicing solutions for solar products Sector: Solar Energy Year of establishment: 2010 Turnover: USD 50,000 – 150,000 Investment need: USD 141,000 Product, market solution and potential The company was established in 2010 and aims to solve the problem of accessibility and affordability of solar systems in rural areas. The Company recruits and trains to sell, install, maintain and repair solar products/installations in rural Uganda. The company aims to scale across Uganda and East Africa for the next 3-4 years as a for-profit entity with NGOs and other impact-oriented partners. Uganda can support up to 600 shops across all rural districts by end of 2018. The company hopes to have over 100 shops and have sold/repaired 100,000 solar products while impacting 500,000 people. Entrepreneur and Team The company was co-founded by two talented and awarded entrepreneurs, with extensive experience in solar, sales and marketing. Turnover and Investment need The company has a turnover of USD 50,000-USD 150,000 and is looking for an investment need between USD 141,000 as working capital to finance their expansion plans which include 100 new shops and franchises, 100,000 products sold, installed or repaired, training of 1,000 youth as technicians and affordable financing options for the base of the period that may not be in position to pay for products in cash. Impact The company trains youth between the ages of 19-30 within the communities so they can gain technical expertise and be able to install, maintain, and repair solar products. The company provides pay go enabled products and partnerships with SACCOs to those that can’t afford one off payments. Breaks...
Clean energy from agricultural waste

Clean energy from agricultural waste

Clean energy from agricultural waste Sector: Renewable Energy Year of establishment: 2015 Turnover: Post Pilot stage Investment need: 500,000 USD Product, market solution and potential The company was incorporated in 2015 with the main aim of delivering affordable, reliable and productive rural electrification through off grid renewable energy projects. At each power generation site, the company provides affordable high quality agro-processing services to farmers and also purchases sustainable biomass (agro-processing by-products) from both farmers and agro-processors, which is used as feedstock for the gasifiers. Gasification is used to produce clean energy from Agricultural Waste such as rice husks, maize husks/cobs, ground nut shells and coffee husks. Electricity is distributed via a combination of micro-grids and battery boxes to rural industries, households, schools and micro-businesses. The Company already has permits with the National Electricity Regulatory Authority and will sell electricity to the National Electricity Transmission Authority on a 20 year, inflation linked, USD denominated power purchase agreement. Entrepreneur and Team The Company founder is an Aerospace Engineer and serial entrepreneur and is supported by a team of both local and expatriate staff. The team has won several International awards. Turnover and Investment need The company is still in its post pilot stage and their investment need is 500,000 USD for growth and to be able to have 4 energy hubs running. Impact The company sees renewable energy from agricultural waste as an integrated solution to energy security, food security, climate resilience and poverty alleviation. The company has the following positive impacts; The company has helped reduce on deforestation by replacing charcoal/wood fuels with briquettes a cleaner, cheaper and more efficient...