Amount of FTE

6


Foundation year

2015


Amount of FTE

India


Market:

Clean Technology
Electronics
Energy & Oil

Business Model:

B2B
Manufacturing

Description:

We are graduates from the Indian Institute of Technology Bombay and are working on this venture since 2014. Our vision at Ushva is to "Provide access to affordable power derived from renewable resources, free from transmission constraints". USHVA Achievements: • Both founders among top '33 under 33' - International Clean Energy Challenge • One of the top 10 global hardware companies to be presenting at the Honk Kong Trade Show 2019 pitch competition • Among top 9 startups across the Asia Pacific (by Schneider Electric) • Among top 20 Energy startups (by Startup Istanbul) Our challenge is to provide clean, affordable & decentralized energy for which we are developing a product called 'Beacon' - Next-Generation Interactive Solar Inverter (initially a 3 & 4 KW system) from scratch. Technology has been designed to lift the currently struggling rooftop solar photovoltaic market. Our technology dynamically combines hardware & software for enhancing the much-needed user experience as compared to currently available solar PV systems. We are looking at the following: • Up to 25% extra monetary savings compared to any other solar inverter technology across the globe. • INR 87 Cr revenue by the end of the second year from now via sales of 25,000 units through our distributors and channel partners. • Price offering comparable to the most affordable ones currently available in the market and the functionality, quality & services better than the most expensive solar inverters available in the market All the above has been practically made possible because of our unique technology. This gives us direct access to the USD $2.3 Bn Indian market and USD $12 Bn Global market in the first go. We target to own the largest market share of the currently diffused solar inverter (for rooftop installations) market. We have started revenue generation via parts of our technology - 'FLOWLINC - IoT Edge Device' which has successfully helped them validate their technology.