We need funding to make a state of art Production and R&D for greater quality and quantity of our devices. We need funds for marketing too.
Energy saving is becoming a growing need and represents a huge market. We can produce up to 500 Kva which can help malls, banks, software companies, auto industries, commercial offices etc. reduce their electricity bills.
Our product is having huge market scope as installing our Energy Saver helps our customers cut their electricity bills and reduce carbon footprints.
This business will bring a profit of more than 20%. We can complement the marketing network of distributors and dealers with our own service centers at major cities so that technical performance of the device can be demonstrated to potential clients.
We have already marketed the product, which saves Energy of up to 25%, to various industries. Our major customers are ONGC (Indian Oil and Natural Gas company), MSEB (Indian state electricity board), WNS Global (software company) SAIL (Steel Authority of India Ltd), Magneto Mall, City Mall 36, Food World (renown chain of super shops) and many more.
We have already demonstrated energy saving of more than 15% in many locations and received appreciations letters form many clients.
The project needs funding for production expansion and modernization, state of art R&D lab for induction of more features into the existing product, market network development etc.
Project payback will be within 5 to 8 years. We will pay interest @ 12% pa to investor plus some equity. The equity % will be decided on later stage of discussions.
Image courtesy of Daniel X. O'Neil.