d. light Effectiveness, a solar powered lighting products company, at the moment outlined plans to set up a manufacturing facility in India with a potential stock of about $ 2 million.
Aceomatic based in India and supplying besides lighting systems in a number of countries, known the major land mark of contacting about 50 million homes located in Asia, Africa and other parts.
Ned Tozum, Chief Executive Officer and Co-Founder associated with d. light Energy, said, "The company supplies solar- powered BROUGHT ABOUT lighting products that help replace gasoline lamps in rural households and as well in areas where there is erratic power. "
"Our immediate task often cover 100 million homes by way of 2017. We have taken one illuminate as a bench mark that works with five people in a family. We live on course to achieving such target. On Thursday, the company known the landmark of reaching out to 49 million homes with its network associated with distributors and associates in Hyderabad, " he explained.
"We could very well finalise the location and set up the console by next year, " he told Work Line.
The company currently sources solar-battery power LED lighting systems with the manufacturer in Shenzhen made to typically the company's designs. These are robust, Sateesh Kumar, Managing Director, Asia-Pacific, inside the company said demonstrating by losing the lighting products on the ground.
The company is considered to be entering the Southern marketing and offers you tied up with oil marketing companies for example IOCL, BPCL and micro financial institutions such as SKS and cooperative lenders. Banks and MFIs support campestre folk with funding to buy them priced starting from Rs 495, Rs 645 and Rs 1, 895, the last one also doubling as a charger for mobile phones. Additionally , the company also has a solar residential home lighting system priced at about Rs 6. 00 per unit, Sateesh Kumar said.
The company has to date raised over $ 10 poids and may consider raising more budget to support expansion, Tozum said.
(This article was published on August 12, 2015)
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