Last deal

$1.M

Amount

Debt Financing

Stage

21.08.2023

Date

4

all rounds

$10.1M

Total amount

General

About Company
Amped Innovation designs affordable solar appliances for off-grid markets.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Amped

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

The company's lead product, the Blossom, is a solar home power system that provides more light, cell-phone charging, and ability to run appliances like televisions and sewing machines at one third the price and twice the power handling of competing systems. It features a Pay-As-You-Go interface that allows customers to purchase it in payment installments equivalent to what they currently spend on kerosene. Amped's breakthrough solar technology called Smart Performance allows for both appliance performance and long runtimes. Their new Solar Generator is the first to compete with fossil fuel generators on price and performance, with the goal of displacing 150 million MWhr of dirty energy consumption over the next five years.
Contacts