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Smart Solar & Electric Geysers

India, Karnataka
Market: Appliances
Stage of the project: Prototype or product is ready

Date of last change: 11/14/2017
Min investment
$  2.120.000
2
Total required
$ 4.689.000
Rating
equalizer 325 из 1000
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Idea

We Invented the new concepts in solar water heaters and electric geysers.
Our Smart Solar Geysers saves 50% water and Electric Geysers saves 50% electricity

Current Status

The prototype is ready and is working satisfactorily. We tested it in all 4 seasons and the performance is good. The Smart Solar Geyser is performing in accordance with solar radiation.

The Smart Electric Geyser is performing as per calculation and is saving 50% of Electricity

Market

My customers are in every House hold, every hotels, Hospitals, Hostels and in small huts of villages. My product works where ever sun shines. The humans loves o take bath, everyday. As long as we get water and Solar energy our market base is expanding.

The Size of Indian Market is 80 Million US$ with growth rate of 32%. We have similar situation in all tropical countries.

The raise in electricity bills, gives us more customers.

Problem or Opportunity

Solar Water heater
1.The solar water heaters are widely used across the world, but we have problems of Installation and wastage of cold water every day. When the Tap is turned ON in the morning, we have to waste one bucket of cold water / floor to get hot water.
2. Bulky water tank needs only strong roof for installation
3. Hot water lines to be drawn till the bath room
4. As we draw hot water cold water flows in and mixes with hot water there by reduces temperature of heated water
Electric Geyser:-
1. As we draw hot water , cold water flows in and mixes with hot water.
Bulky and takes more space in congested bath rooms.

Solution (product or service)

Smart Solar Geyser
1. Keep Solar Photovoltaic panel on roof top, generate electricity, transmit through copper cable and heat the water in bath room.
2. Immediate availability of hot water, so there is no wastage.
3. Simple to install, no complicated wiring
4. Heated water can alone be used, cold water is isolated and there by mixing and wastage of power is ruled out.
5. Rectangular compact tank design allows it to install even in smaller bath rooms
Smart Electric Geyser:-
1. Hot and cold water is isolated there by 50 % of energy is saved.
2. Compact design and attractive exterior with high heat retention capacity

Competitors

We have 230 odd competitors who offers similar features of water heating by solar energy and electrical energy, but none of their products ,
1. Gives Instant hot water.
2. Saves water
3. Saves electricity.

On these features we can out play them in the market. Since our products concepts are patented, none will duplicate it as long as we are vigilant.

Out matching the competitors in Quality and features leads us to win the maximum share of the market.

Advantages or differentiators

Major advantages,
1. Ease of Installation and Maintenance.
2. Instant availability of hot water, cold water wastage if eliminated.
3. Isolation of cold water from getting mixed with heated water. This saves both solar and Grid energy.
4. Compact shape and size ensures product reaches wide customer base
5. Automatic water filling and heating ensures customers have less headache

Finance

Our product sales cost is 12 % higher than work similar products available in the market. But our product conserves water & Electricity which others product cannot. The features we offer in our product will offset higher prices and can reach wider customer base than any of our competitors.
With the complete market reach the sales in the market will touch 80 million US$/year

Business model

These products has to reach every nuke and corner of the world , this can be done only by establishing a chain of warehouse, Super Stockist, Distributors and dealers with appropriately defined territories.
The network of distributors, dealers and service back up network ensures good image for the product.
The cost is kept 12% above the normal similar products . the saving features will ensures good return on additional investment customer is going to make.

Money will be spent on

10% Concept & Design cost
12% Market Fit Product & Approvals
40% Plant & Machinery
20% Working capital
18% Marketing & Sales

Offer for investor

We are ready to give up to 20% of the stake in the company for the above investment to launch the product in full scale all across the India and subsequently across the globe

Risks

1. New concept, convincing first round customers will take time and hard efforts.
2. Few may try to duplicate, which may hamper brand name.
3. Improper financial flow may slow down production line.
4. Improper logistics may hamper supply chain.
5. Delayed service backup will damage the company image.

Incubation/Acceleration programs accomplishment

Attended and completed National Investment Promotion Agency program on Start up India.

Won the competition and other awards

Obtained 4 patents on the concept.
National Design center funded the product design by recognizing our concept as one among the best for conservation of Water & Electricity

Invention/Patent

we have 4 patent on these Products

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video