Nigeria - Startup under 3 years old

Décrivez votre projet en quelques mots

consumption-driven infrastructure for solar asset financing

01.01 Décrivez votre startup en détail

Powervest, an initiative by 0 Emission Technologies Limited, provides a consumption-driven financing model for renewable energy in Nigeria. Aimed at sectors like agribusiness, health, and education, Powervest eliminates the need for upfront investment by pegging the unit consumption cost to the utility grid rate. This model allows businesses to pay for solar energy at rates comparable to their existing utility bills, ensuring affordability and a seamless transition to renewable energy. Over time, users own the solar assets, gaining long-term energy independence. Powervest also utilizes advanced monitoring technology for transparent billing and efficient energy management. By reducing energy costs and enhancing sustainability, Powervest drives the adoption of clean energy, fostering economic growth and a sustainable future for Nigeria.

01.02 Quel est le problème principal que vous essayez de résoudre ?

Powervest addresses the dual challenges of energy access and capital for African entrepreneurs. In Nigeria, entrepreneurs spend up to 40% of their capital on energy costs due to reliance on fossil generators, as noted by KPMG. Unlike Western countries, Nigeria lacks incentives for clean energy adoption, and traditional financing options are limited to short-term loans with exorbitant interest rates up to 30%. Powervest's consumption-driven financing model offers a sustainable solution by pegging the unit consumption cost to the utility grid rate, making solar energy affordable without the need for significant upfront investment. Over time, businesses can own the solar assets, ensuring long-term energy independence and financial predictability. This approach not only reduces energy costs but also promotes the widespread adoption of clean energy, fostering economic growth and sustainability.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

Powervest offers several key benefits and advantages: Affordability and Accessibility: By pegging the unit consumption cost to the utility grid rate, Powervest makes solar energy financially accessible without requiring significant upfront investment. This allows businesses to transition to renewable energy affordably. Ownership and Long-term Savings: Over time, businesses gain ownership of the solar assets, leading to long-term energy independence and substantial savings on energy costs compared to traditional fossil fuel generators. Sustainability and Reliability: Powervest promotes the use of clean, renewable energy, reducing carbon footprints and environmental impact. Advanced monitoring technology ensures efficient energy management and reliable power supply. These advantages make Powervest an ideal solution for sectors like agribusiness, health, and education, fostering economic growth and sustainability in Nigeria.

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Powervest targets businesses in Nigeria, particularly agribusiness, healthcare, education, and commercial sectors. Beneficiaries include farmers, healthcare facilities, educational institutions, and various enterprises seeking reliable, cost-effective energy solutions. With a consumption-driven financing model, Powervest aims to make solar energy accessible and affordable, enabling these sectors to achieve energy independence, reduce costs, and contribute to sustainability.

01.05 Quand votre entreprise a-t-elle été créée ?

06/04/2023

01.06 Vendez-vous déjà votre produit/service ?

Non

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

2

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Our founding team comprises Emmanuel Okpala, an Architect with a proven track record in leading operations in Nigeria's financial sector deepening organizations. Emmanuel's expertise spans finance, business development, and renewable energy entrepreneurship. He spearheads strategic initiatives leveraging his diverse background. Oluwamosope Adeyemi, a computer science expert, brings technical prowess and project management skills to our team. Both Emmanuel and Mosope are experienced founders, with a shared vision for driving innovation and growth in the renewable energy sector. Together, their complementary skills and experiences ensure comprehensive leadership, driving our startup towards success.

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://www.powervest.ng; https://www.linkedin.com/company/powervestNG; https://www.linkedin.com/company/0technologies

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Énergie (équipements, services, énergie durable et fossiles)

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

Powervest’s affordable financing model significantly reduces operational costs for businesses, enhancing profitability and stability. This supports economic growth, job creation, and poverty alleviation in Nigeria. We further aim at eradicating energy poverty on a global scale

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

7 - tout à fait d'accord

02.02.02 Justification de la contribution de ma startup

By providing reliable energy solutions to agribusinesses, Powervest enhances agricultural productivity and food security. This direct support to the agricultural sector contributes significantly to reducing hunger.

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

7 - tout à fait d'accord

02.03.02 Justification de la contribution de ma startup

Powervest ensures reliable power for healthcare facilities, crucial for maintaining medical services and improving health outcomes. The reduction in reliance on polluting energy sources also promotes better public health.

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

7 - tout à fait d'accord

02.04.02 Justification de la contribution de ma startup

Powervest provides stable energy to educational institutions, supporting continuous learning and operational efficiency. This directly enhances the quality of education by ensuring reliable power supply for digital and conducive learning environment

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

7 - tout à fait d'accord

02.05.02 Justification de la contribution de ma startup

We place emphasis on supporting female led businesses and girls to cross hurdles posed by poor electrification in their activities. We will actively seek to promote gender equality within our organization, ruling out gender biases in all roles, especially in technical roles within the organization

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

5

02.06.02 Justification de la contribution de ma startup

We enable the installation of solar borehole systems, providing access to clean water for communities we serve

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

7 - tout à fait d'accord

02.07.02 Justification de la contribution de ma startup

Powervest’s core mission is to make solar energy affordable and accessible, directly addressing the goal of providing clean and affordable energy. The innovative financing model makes a significant impact.

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

By reducing energy costs and improving reliability, Powervest enhances productivity and economic stability for businesses. Training locals as solar installers creates job opportunities and supports economic growth, directly contributing to this goal.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

7 - tout à fait d'accord

02.09.02 Justification de la contribution de ma startup

Powervest’s innovative financing model and support for the adoption of advanced solar technologies improve infrastructure resilience and promote sustainable industrial development. This direct support of innovation and infrastructure is significant.

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

7 - tout à fait d'accord

02.10.02 Justification de la contribution de ma startup

Powervest's innovative financing model democratizes access to uninterrupted power, making clean energy solutions available to businesses of all sizes. By eliminating the financial barrier to entry, Powervest contributes significantly to reducing inequalities in access to essential services like electricity, promoting economic inclusivity and leveling the playing field for businesses across various sectors.

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

7 - tout à fait d'accord

02.11.02 Justification de la contribution de ma startup

Powervest promotes clean energy solutions, reducing the environmental footprint of urban and rural communities. While impactful, the primary focus remains on energy, with broader sustainability impacts being secondary.

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

7 - tout à fait d'accord

02.12.02 Justification de la contribution de ma startup

Powervest encourages the use of energy-saving appliances, promotes recycling, and sustainable waste management practices. These initiatives directly contribute to responsible consumption and production.

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

7 - tout à fait d'accord

02.13.02 Justification de la contribution de ma startup

Powervest significantly contributes to climate action by promoting the widespread adoption of solar energy, reducing greenhouse gas emissions, and combating climate change. This goal is central to Powervest’s mission.

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

5

02.14.02 Justification de la contribution de ma startup

While Powervest’s primary focus is on clean energy, the reduction in fossil fuel use indirectly benefits aquatic ecosystems by mitigating pollution. Additionally, promoting recycling and sustainable waste management practices contribute to this goal.

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

6

02.15.02 Justification de la contribution de ma startup

While Powervest’s primary focus is on clean energy, the reduction in fossil fuel use indirectly benefits terrestrial ecosystems by mitigating pollution. Additionally, promoting recycling and sustainable waste management practices contribute to this goal.

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

4

02.16.02 Justification de la contribution de ma startup

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

7 - tout à fait d'accord

02.17.02 Justification de la contribution de ma startup

Powervest’s model involves collaborations with local communities, suppliers, and financial institutions, fostering partnerships that support sustainable development goals. These partnerships are crucial for the successful implementation of SDG initiatives.

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

1 = Pas du tout d'accord

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

7 - Tout à fait d'accord

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

7 - Tout à fait d'accord

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

1 - Pas du tout d'accord

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

7 - Tout à fait d'accord

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

7 - Tout à fait d'accord

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

1 - Pas du tout d'accord

06.08 Justification

Powervest uniquely addresses the critical need for affordable financing in Nigeria’s renewable energy sector. Our innovative consumption-driven financing model offers single-digit interest rates, enabling users to own solar assets over time as if they had purchased them outright. This is a groundbreaking solution in the Nigerian market, particularly for solar asset financing. Powervest complements our product offerings, such as Sunvelop, by providing an added option for customers with limited capital for upfront purchases. By pegging the unit consumption cost to the utility grid rate, Powervest ensures affordability and accessibility, fostering widespread adoption of clean energy. This approach not only reduces energy costs and environmental impact but also promotes financial inclusion and sustainability, setting Powervest apart as a pioneering solution in the renewable energy landscape.

06.09 Analyse compétitive

In addition to competing with Payhippo, SunFI, and Traditional Banks, Powervest holds a unique advantage as a solar manufacturing, distribution, and installation company. This integrated approach allows us to have a deeper understanding of our customers' needs and preferences, enabling us to tailor our financing solutions more effectively. By leveraging our in-house expertise, we ensure seamless coordination between product offerings and financing options, resulting in a superior customer experience. Our competitive advantages include usage-based financing, online application process, optional equity contribution, no guarantor required, instant approval, single-digit annual percentage rates (APR), and rapid mobilization within 48 hours. These features differentiate us by offering a seamless and flexible financing solution tailored to the needs of our customers, setting us apart in the market.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Certainly, focusing on balancing our customer base to include more female-led/managed/executives businesses aligns with our commitment to diversity and inclusion. In addition to this initiative, we also prioritize supporting supplier and installer diversity programs to ensure a more inclusive and representative ecosystem within the renewable energy sector. By actively seeking out female-owned businesses as customers, suppliers, and installers, we not only promote gender equality but also harness diverse perspectives and talents, driving innovation and sustainability in our industry. This comprehensive approach underscores our dedication to fostering a more equitable and inclusive community within the renewable energy sector.