Instant Energy

One click revolution to an instant power solution.
Startup name
Instant Energy
Founding date
January 2017
Incorporation
Yes
Total team member
9
Startup stage
Paying users
Category
Hardware, Software
Sector
Energy, Industrial internet & IoT
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
City
Abuja, FCT, Nigeria

Elevator pitch

Instant energy is an online electricity vending and energy management platform.
Using mobile and web technology, we enable users purchase electricity prepaid/postpaid meter tokens online and monitor usage easily from a mobile device.
We keep you updated with energy management tips and show you how much your spending. Our long term goal is to provide an alternative source of energy.

Team

Jeremiah Shallangwa

A Nigerian born entrepreneur, innovator and a technology enthusiast passionate about the growth and improvement of his country. He is currently the CEO of Instant energy, an online web and mobile app utility and energy management platform. His hubbies are watching movies and playing tennis

Isiaka Ismaila

I'm web and iOS developer.

Oje Anetor

Business model

Target customer

Prepaid meter users, electricity users mobile phone users and off grid

Customer acquisition strategy

Customer referral bonuses, email marketing and social media marketing

Revenue model

Commissions from sales of electricity tokens
Convenience fee charge
Subscription for commercial users on energy monitoring
Sales of community solar in a container
Sales of smart monitoring mobile devices
Commission from sales of energy saving appliance recommended on the website.
Monetization For off grid solution
Ads on the energy feed section of our app

Market info

Market size

$ 140,000,000,000

Competitors

Competition

What makes us unique is that our service is tailored toward solving major problems in the power sector.
We don't only offer easy access to prepaid meter tokens online, our energy management and monitoring service works for users both using alternative source of energy and the grid.
We promote and educate users on clean energy.
We care about our environment, so we help you make smart choices on the type of appliance you use in your home to enable you save cost.

KPI's

  • 0 Reveune
  • 0 Successful Transactions
  • 0 Customer

Startup traction

We have sold over 6,944 dollars worth of electricity units over the last six months without spending money on marketing.
We have record over 750 successful transaction on our online channel till date.
We have over 200+ active customers using our platform, with an average of 5 new customers every week. We project once we start paid advertisement campaigns this well grow even much faster.

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We are currently in our seed funding round.

Publication date: 14 November 2017