Photo - Solercoool technologies ( Trading as solerchil in Africa)
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Solercoool technologies ( Trading as solerchil in Africa)

Turning sun into cold air for refrigeration

Uganda
Market: Food industry
Stage of the project: Operating business

Date of last change: 14.10.2020
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Idea

In the efforts to reduce post harvest loss ,Soler cool ( trading as solerchil in Africa) uses high level Artificial Intelligence Technology to turn the sun into the power of refrigeration which then is rented to farmers all over the world to preserve their food after harvest

Current Status

We have managed to improve our customer base from 165000 women in 2016 to 500000 customers in 2019.We have also increased our revenue to 1.8 Million per Year in 2019

Market

Our Major Target are female farmers in Africa and other Parts of the World and by 2040 we intend to reach more than 300 Million farmers with our services .

Problem or Opportunity

30% of the food produced globally is never consumed but rather out to waste. This worse in developing countries where almost 50% the food produced is never consumed .This is because most of farmers lack safe and secure means to preserve their food.

Solution (product or service)

Soler cool has come up with a revolutionary technology (caged into a container or Kiosk ).Our Artificial Intelligence Technology turns the sun into a cold air that is then circulated all over the Kiosk to offer cooling. With our technology ,the farmer is assured of cooling of up 8 degrees Celsius even of the surrounding environment is as hot as 45 degrees Celsius.
This means a farmer can safely store her produces for up 45 days ( crops ) and 72 hours for Milk with out getting worried of getting spoilt .

Competitors

In Africa our competitors include;
Solar freeze
Cold Hub is another competitor we have an market

Advantages or differentiators

All produce what seems to be like our Product and with the only difference being that their Product can cool up to 15 degrees Celsius whereas our product cools up 8 degrees Celsius.

Finance

Soler cool is aware that many farmers may not afford to buy our 4000 USD technology ,we therefore rent these cold shed to female farmers through their groups and in 2019 our annual revenue was totaling to 1.8 Million USD

Business model

We rent out our cold shed to farmers .These pay either daily ,Monthly ,seasonally or Yearly basing on their need .

Money will be spent on

15,000,000

Offer for investor

15%

Team or Management

Risks

Our biggest risk is the insecurity of our cold sheds .Most of the times we tend to face challenge of people stealing the technology from our customers' farms

Incubation/Acceleration programs accomplishment

None

Won the competition and other awards

We have just won the Most gender Inclusive award 2020 during the Smart Agrofood summit in Malaga spain

Invention/Patent

14/439,331

Photos

Photo 1 - Turning sun into cold air for refrigeration

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
Photos
Product Video