- Early StageStartup in initial stages
Intellectric Systems careers
Core Product Mission
Our company will make and has made clean energy tech that makes solar and battery systems 5 times cheaper than normal and is 2 times or more cheaper than gas systems.
Business Model Innovation
Solar energy has become even more expensive for the average Nigerian because of how weak our currency is and because we have to buy solar panels with the dollar. This makes ownership and even other forms of adoption like the pure lease model too expensive for Nigerians.
Because we've been able to reduce the cost of clean power, we can, for the first time, afford to offer our services to homes and businesses on a subscription bases, helping increase adoption and helping us grow quickly.
This is a sustainable business model because we can break even in two years or less, while saving customers more than 30-40% on their monthly power costs and for our business clients have them in 5 year contract tie ins that ensure us stability of revenue.
Our company will make and has made clean energy tech that makes solar and battery systems 5 times cheaper than normal and is 2 times or more cheaper than gas systems.
Business Model Innovation
Solar energy has become even more expensive for the average Nigerian because of how weak our currency is and because we have to buy solar panels with the dollar. This makes ownership and even other forms of adoption like the pure lease model too expensive for Nigerians.
Because we've been able to reduce the cost of clean power, we can, for the first time, afford to offer our services to homes and businesses on a subscription bases, helping increase adoption and helping us grow quickly.
This is a sustainable business model because we can break even in two years or less, while saving customers more than 30-40% on their monthly power costs and for our business clients have them in 5 year contract tie ins that ensure us stability of revenue.
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Segun Busari
Seyi Oguntunde
Adeyinka Amurawaiye
I love the hard challenges. Working on solving one of Nigeria's biggest problems: stable, cheaper electricity, with @IntellectricHQ
Valuation
$730K
Funded over
1 round
Latest round
Seed (Dec 2016)
Embedding VC • San Francisco • $300k – $300k • 7 days ago
Embedding VC • San Francisco • $300k – $300k • 7 days ago
Embedding VC • San Francisco • 7 days ago
tennr • United States • $400k – $450k • yesterday
tennr • New York City • $175k – $200k • 2 days ago
