Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Acecore is transforming Africa's energy landscape by locally manufacturing an AI-powered solar solution for African homes and businesses.

01.01 Describe your startup in more detail

Acecore is solving the energy problem in Africa by locally manufacturing an advanced AI-powered solar solution, providing clean, reliable, and affordable energy to African homes and businesses. Our Product, paired with our AI-driven mobile app, lets users monitor and optimize their energy usage in real-time. Our unique selling points include the all-in-one compact design of our Powercell, reducing installation time to less than a day, and partnerships with financial institutions offering flexible payment plans with no upfront costs. Local manufacturing minimizes exchange rate issues, ensures rapid maintenance, and lowers costs, making our solutions accessible to low-income households. With 140 customers on our waitlist and two LOIs with real estate developers, we are set for a significant impact. Our experienced team, with backgrounds in Tesla, Meta, and Huawei, is dedicated to driving sustainable energy solutions and economic progress in Africa.

01.02 What is the main problem you are trying to solve?

The main problem Acecore is addressing is the lack of reliable, and affordable energy in Africa. Over 600million African homes and businesses face frequent power outages and high electricity costs, limiting their growth and quality of life. Existing solutions are often expensive, inefficient, and slow to install, creating additional barriers. Furthermore, imported energy solutions are subject to currency fluctuations, leading to increased costs and unreliable supply chains. This situation is exacerbated by inadequate local support and maintenance services, making it difficult for users. Acecore's locally manufactured solution, integrated with lithium-ion battery technology and AI-powered mobile app, offers a transformative solution. Our compact, all-in-one system is easy to install and maintain, providing real-time energy monitoring and optimization. We aim to empower African communities with sustainable energy solutions that drive economic progress and improve quality of life.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

1. Affordability: Acecore offers flexible payment plans through partnerships with financial institutions, allowing customers to access clean, reliable energy without any upfront costs. This makes our solutions financially accessible to a broader range of households and businesses. 2. Efficiency and Reliability: Our all-in-one solar energy system, the Acecore Powercell, combines lithium-ion battery technology and AI-powered energy management. This ensures efficient energy storage and usage, significantly reducing electricity costs and providing a reliable power supply, even during outages. 3. Local Manufacturing and Support: By manufacturing our products locally, we not only reduce production costs but also provide rapid maintenance and customer support. This proximity to our customers enhances service quality and responsiveness. Additionally, local production helps mitigate risks associated with currency fluctuations, ensuring stable pricing.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Acecore’s product is aimed at serving households and businesses across Africa, particularly those facing frequent power outages and high electricity costs. Our primary beneficiaries include: 1. Urban and Rural Households: Families seeking reliable and affordable energy solutions to power their homes, reduce dependence on erratic grid electricity, and lower energy expenses. 2. Medium and Large-Scale Businesses: Enterprises that require a consistent power supply to maintain operations, improve productivity, and reduce operational costs associated with traditional energy sources. 3. Real Estate Developers: Companies looking to integrate sustainable and efficient energy solutions into their properties to enhance value and appeal to environmentally conscious buyers. 4. Low-Income Communities: Residents in underprivileged areas benefit from our affordable, locally manufactured solutions, which offer an alternative to costly and unreliable energy sources.

01.05 When was your company established?

2022-03-03

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Anyanwu Chimka, the Vice President of Sales and Marketing, leads the sales department to meet or exceed sales revenue as projected monthly or annually, contributing to the overall profitability of the company. She also manages brand awareness, development strategy, and initiating marketing campaigns. As an ex-chief of marketing at Solarkobo and with her background in computer science and food science and technology, she brings a unique perspective to the sales and marketing department. Okoro Chikezie, the Chief Design Officer, is responsible for the design initiatives of the company. He brings his expertise as an ex-fullstack developer at Apex Technologies to create and present superior designs and visual components that determine the overall direction for design aesthetics and user experience. He also develops designs that promote the organization’s capabilities.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.acecore.tech/

01.11 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

By providing affordable energy solutions, Acecore helps reduce energy costs for low-income households, improving their financial stability and contributing to poverty alleviation.

02.02.01 My startup contributes to the Zero hunger goal

4

02.02.02 Zero hunger - Justification for my startup

02.03.01 My startup contributes to the Good health and well-being goal

4

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

4

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

4

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Acecore directly addresses the need for clean, reliable, and affordable energy in Africa by offering solar-powered solutions that reduce reliance on fossil fuels and promote sustainable energy use.

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Acecore’s local manufacturing and installation services create jobs and stimulate economic growth, providing employment opportunities and enhancing local economies.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Acecore leverages advanced technologies, including AI and local manufacturing, to innovate in the energy sector and build resilient infrastructure that supports sustainable industrialization.

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

By offering sustainable energy solutions, Acecore contributes to the development of environmentally friendly and resilient urban and rural communities.

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Our AI-powered energy management system promotes efficient energy use, reducing waste and encouraging responsible consumption.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Acecore’s solar energy solutions help reduce carbon emissions and mitigate climate change, aligning with global efforts to promote climate action.

02.14.01 My startup contributes to the Life below water goal

3

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

5

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

7 - Strongly Agree

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

7 - Strongly Agree

06.08 Justification for my startup

Our product/service, while similar to existing solutions in the market, represents a significant innovation and improvement. It introduces a new technology that enhances efficiency and effectiveness compared to traditional offerings. By leveraging AI and advanced manufacturing techniques, we address a demand for cleaner, more reliable energy solutions that previous products have not fully satisfied. Our solution extends beyond incremental improvements; it introduces a new standard in energy management and sustainability, offering unique features and capabilities that set it apart from competitors.

06.09 Competitive Analysis

Due to the increasing demand for renewable energy solutions, our main potential competitors include established solar energy providers and emerging startups in the clean energy sector. What sets us apart is our integrated approach combining AI-powered energy management, local manufacturing capabilities, and a unique business model offering flexible payment options. Unlike competitors focused solely on product sales, we provide end-to-end solutions that optimize energy consumption and reduce costs over time. Our strong emphasis on customer service, rapid installation times, and strategic partnerships with financial institutions further differentiate us, ensuring we meet diverse customer needs effectively.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Initiatives like mentorship programs, networking events, educational workshops, partnerships with female empowerment organizations, and recognition programs have helped us to empower women entrepreneurs, fostering an inclusive and supportive community for their success.