Amped Innovation
Amped Innovation designs breakthrough products for people living on less than four dollars per day.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $6.0m | Early VC | |
| Total Funding | 000k | ||
Amped Innovation operates as a designer and manufacturer specializing in solar-powered systems and appliances tailored for off-grid and weak-grid environments. The company was co-founded by Andi Kleissner and Kurt Kuhlmann, who shared a vision to provide affordable and reliable energy solutions to underserved populations. Kleissner's background in impact investing and Kuhlmann's expertise in engineering and product design for developing countries were instrumental in shaping the company's direction. They established the company with the goal of creating products that could withstand extreme weather conditions while remaining accessible to low-income households.
The company's business model is centered on a business-to-business-to-consumer (B2B2C) approach. Amped Innovation sells its products to distributors, who then make them available to end-users in over 30 countries. This strategy allows the company to leverage local expertise and established networks to reach a broad customer base, which includes hundreds of thousands of individuals and families in need of dependable energy. Revenue is generated from the sale of these products to their distribution partners. The company has secured backing from a diverse group of investors, including the Autodesk Foundation, Engie, Schneider Electric, and impact investors like Alphamundi and Global Partnerships.
Amped Innovation's product portfolio includes a range of energy-efficient appliances designed for solar power. These products, such as lighting systems, televisions, fans, and solar freezers, are engineered for high performance and durability. A key feature is their efficiency, which allows for longer operation on a single solar charge compared to many competing products. For example, their 'WOWsolar' line of televisions and lighting systems is designed to provide extended run times, addressing the critical need for reliable power in regions with inconsistent or non-existent grid access. The products are designed for affordability, aiming to make modern conveniences accessible to a wider market.
Keywords: solar appliances, off-grid energy, rural electrification, impact investing, sustainable development, renewable energy, energy access, B2B2C, developing markets, product design