PowerErn

https://magnitt.com/startups/undefined/powerern

0 Followers
0 Followers

Company Information

PowerErn is a micro-investing model for financing solar energy solutions provides electricity to high-impact communities & institutions that cannot bear the upfront costs, while delivering a financial return for investors through a buy-to-lease solar asset ecosystem.

PowerErn, is developing a Micro-Investing buy-to-lease Platform for financing Small-Medium residential & commercial Solar Plants in emerging markets, allowing investors worldwide to buy solar cells, lease them, earn a ~10-15% IRR passive-income & help fund these plants, for less than $10, all from their phones, with the help of Blockchain.

Once built, these projects get solar plants for zero-capital costs of their own & investors get a share of rental income from the electricity their cells produce, over 20 years.

Today, the world has entered a phase of grid parity, where solar is no longer expensive than fossil fuels, however most people still can't access it due the high-capital investments. Our Mission is to reach hundreds of millions in the hottest areas of the world, who still don't have access to electricity.

Date Founded 10/2018

Industry N/A

Founders 2

Team Members 1 - 10

Business type N/A

Development Stage Launch

Revenue generating No

Linked Institutions N/A

GEOGRAPHICAL LOCATION

Based In: United Arab Emirates (UAE)

Branches: India

Geographical focus: N/A

City: N/A

Related Startups