Pollinate Energy, an Australian company, which is currently providing India’s slums with solar energy now aims to find a solution to the air pollution problem in country’s poorest areas.
ABC news recently reported that the company’s portable solar lamp, which has a port to charge a mobile phone, has replaced kerosene lamps in 8,000 homes. This is an important step towards sustainable development by saving the natural resources.
The company official added that indoor air pollution from kerosene lamps and stoves are the second leading cause of deaths in India, making the Australian lamp a potential game changer.
Pollinate Energy has employed local citizens to sell solar lights, which costs around 30 Australian Dollars (AUD).
Pollinate Energy co-founder Kat Kimmorley said, “Bangalore, the city that we started in, was the first city in India to become electrified over 100 years ago and yet still in Bangalore it is only 70-80 per cent electrified.”
The new light has allowed children to study with light and improved quality family and community time has also been reported.
Armed with a cutting-edge technology platform, a well-established partner organisation and an expansion of M12 venture fund, Microsoft is ready to help Indian startups across the spectrum embrace the next phase of growth, Anant Maheshwari, President, Microsoft India, said here on Monday.
India, which saw a tremendous growth in the startup space in the last couple of years, is now witnessing a growth in the business-to-business (B2B) tech startups coming up with innovative ideas to deal with local problems.
“With our intelligent tech expertise, deep focus on trust and unique global go to market partnering, we empower unicorns and startups to scale sustainably at a global level,” said Maheshwari.
“We remain excited about India’s entrepreneurial startup potential and will continue to accelerate it as a growth engine for the economy,” he added.
India witnessed a dramatic rise of eight unicorns in 2018 from among the start-ups across verticals as against a mere nine in six years from 2011 till 2017, according to IT industry apex body Nasscom.
The start-ups joining the select club for their valuation over $1 billion are Oyo Rooms (hospitality), Zomato and Swiggy (food delivery), Udaan (retailer marketplace), Byju’s, (edu-tech), Paytm Mall (e-tail), Freshworks (software programmer) and Policybazaar (digital insurance).
Maheshwari said Microsoft is uniquely positioned to support Indian startups to achieve scale and evolve from market ready to enterprise ready.
The introduction of M12, Microsoft’s venture fund, in India in February is creating new value for startups, VCs and the company itself to maintain the pace and direction of innovation.
“M12 is looking at investing in innovators who have aligned their focus on cutting-edge technologies that better enable digital transformation. The portfolio development team at M12 is specifically built to help support and scale companies by leveraging the expansive resources of Microsoft,” said the company.
According to reports, venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards, with over $3.09 billion raised in equity funding across 415 deals in 2018 — 28 per cent more than $2.41 billion in 2017.