We are working with Kenyan factories to co-design an energy and operations management solution designed for emerging markets. We have two live deployments and two additional pilots rolling out factories in Kenya, $48K in booked revenue for 2018.
Private Sector Competitiveness, Energy Efficiency and Energy Service, Metering & Payment Systems
Private Sector Competitiveness, Energy Efficiency and Energy Service, Metering & Payment SystemsSEE LESS
Funds Raised to Date
Emerging markets are growing quickly, but still struggling with low-quality electric grids. Factories operating in emerging markets like Kenya are significantly held back without good tools to manage expensive, unreliable grid electricity that can make up 40% of their costs. Legacy energy management systems are expensive, require elaborate training, and are over-fit to their needs, most are tracking their energy use with pen and paper.
Five years ago, it wasn't possible to solve this problem cost-effectively. However, now Safi installs sensors in the existing meters onsite to get the data into the cloud so factory managers can easily access the information and alerts. Our algorithms take into account the grid fluctuations to determine the best and simplest recommendations for savings and predictive maintenance.
We are serving factory managers in emerging markets who spend $300K+/yr on energy and for whom energy is 30%+ of operating expenses. We are starting in Kenya, where recent energy audit requirements and time of use pricing create a perfect launchpad environment.
Mission and Vision
Safi drives clean, sustainable growth and jobs in emerging markets. Our work supports a thriving, clean manufacturing sector, good jobs, and upskilling; at scale, we could have huge impact in CO2 emissions reduction; and our solution lays the groundwork for a flexible, resilient grid for renewables.
Our team blends Stanford technical and business training and significant experience in high-growth startups with local Kenyan talent and connections. Kennedy is from Nairobi and previously built sensors for actionable recommendations in agriculture. Weston has built similar software before, for water, for millions of households across the US and UK at WaterSmart software. Through Lauren's family and business experience, we have strong connections to industrial customers in Kenya as well as strong sales and operational leadership. We will be headquartered in Nairobi to work closely with our customers, and draw upon all the latest relevant technical advances.
Planned Goals and Milestones
Working closely with four pilot customers to achieve product-market fit.
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