Bright Products AS
Develops sustainable energy solutions for households.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
NOK1.4m | Grant | ||
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (39 %) | (75 %) | 18 % | 88 % | 112 % | (11 %) | (66 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 12 % | (26 %) | 12 % | 2 % | 14 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 7 % | (22 %) | 12 % | 1 % | 12 % | 12 % | (1 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Bright Products AS, a Norwegian company founded by Marius Andresen, specializes in providing solar-powered solutions to off-grid communities. The company was established with the mission to make clean energy accessible to people living without electricity, primarily in developing countries.
The core of Bright Products' business is the development and distribution of portable solar lamps and phone charging units. These products are designed to be durable, affordable, and easy to use, addressing the critical need for reliable lighting and energy in regions with limited or no access to the electrical grid. The company reports having delivered over 4 million solar lamps across its target markets.
Bright Products operates on a business-to-business-to-consumer (B2B2C) model, partnering with local distributors and non-governmental organizations (NGOs) to reach its end-users. This approach allows the company to effectively penetrate remote areas and ensure that its products reach the people who need them most. The company's revenue is generated from the sale of its solar products to these partners.
The company's market focus is on Africa, Asia, and Latin America, where a significant portion of the population lives without access to electricity. By providing a sustainable alternative to traditional fuel-based lighting, such as kerosene lamps, Bright Products contributes to improved health, safety, and economic opportunities for its users.
Keywords: solar energy, off-grid solutions, renewable energy, portable lighting, phone charging, developing countries, sustainable development, clean energy, energy access, social enterprise