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Auragen

Energy Internet

Botswana
Market: Light industry, Production, Telecommunications, Services, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 29.06.2021
Min amount of loan
$  20.000
Estimated yield
35 % a year
Go to the owner's profile
3
Total required
$ 100.000
Rating
equalizer from 1000
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- is looking for investment
 

Idea

Ley lines, dragon lines or Nikola Tesla's theory on how decentralized energy can be transmitted in a neural like structure holds water today. Technological advancements in the energy industry can now achieve what was impossible in the 18th century, the creation of an energy web using current technologies to offer clients, affordable, inclusive clean energy using renewables.

Current Status

The project is in its early stages, concept phase e are still raising start up capital for business development, however, we have already been afforded pre-seed capital in the amount of $ 1,000,000 committed through an investment facilitator

Market

Our ideal clients age is inconsequential because everybody is an energy user, but if we are talking about ideal, they should be employed, earning around $ 50 or more per week & owning a household or some piece of land

Problem or Opportunity

Lack of energy access in Sub-Saharan Africa, 600 Million people alone lack such access

Competitors

Fossil Fuel Legacy companies that include Oil, Gas & coal power companies. The region uses over 80% fossil fuel energy products, this includes oil, gas & electricity.

Advantages or differentiators

Our framework is collaborative, clients are prosumers, the products are produced locally by them & us, they are intended to be accessible & affordable, clients earn as they save. Access means that they are endowed with financial resources through their performance or ability to produce. The finance is used to purchase products, set up their means of production, the distance to their products is reduced, they have access to technologies that monitor their consumption, fintech to trade their products in real time and much more.

Finance

Transport power, Gas, Electric power, Subscriptions. Our cost structure is 30-60% less than that of our competitors

Loan terms

12 months

Interest rate, %

35

Business model

A resource sharing business model with Auragen as the flagship. Our revenue is acquired from processing green alternatives, converting said alternatives into various forms of energy, transmission & distribution of the bespoke. The distribution & transmission depend on energy type. For electric power, AI enabled microgrids with special d.e.r's, for transport power & gases, distribution entails products being transported to the retail centers in the locality

Solution (product or service)

Create an energy platform/framework to ensure access. The platform should be inclusive, produce affordable energy using the dragon lines or ley line concept, that is today known as Energy Internet. A neural like framework of interconnected energy centers & distribution energy resources using the latest technology to ensure localized production scaled to the demand of a region be it a rural setting, urban, nationwide or bloc.

Team or Management

Risks

New technologies always entail learning & acceptance, it might take time & training to get used to new tech. Requires a lot of money to set up, might mean lending capital to the clients to afford them participation rights. Political risk is another concern.

Incubation/Acceleration programs accomplishment

Participation in the Botswana Hub Incubation, successful
Participation in a startup incubation of we fund still ongoing

Won the competition and other awards

Financing opportunity by a government innovation hub

Invention/Patent

Patent on the Schematics of the platform, software, usage etc.

Photos

Photo 1 - Energy Internet

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation