Commercial Opportunities in India and the US and an urge to solve the climate crisis
"This funding marks the first step towards growing BlueVolt into a sustainable and profitable Australian business in an emerging market that is ripe with opportunities for savvy players both for wealth creation and saving the planet
" BlueVolt co-founder Dr. Matt Edwards said.
As a priority, the startup is looking to grow its foothold in Australia, which Edwards says is "one of the best markets in the world
" for the adoption of solar-powered energy-efficient technologies, before launching its offerings in India and the US in the coming years.
But beyond the commercial opportunity, it's a sense of urgency and a genuine will to address the climate crisis that drives BlueVolt's team forward:"If we want to reduce carbon Emission to net 0 by 2050, a cheap source of energy like solar is our biggest hope. What we need is a situation where solar energy production can be even cheaper than today, and decentralised. If energy is generated at the point of use, we then don't have to transport it, saving costs along the way and reducing energy demand to retailers. That's what BlueVolt is all about, decentralised solar energy, reducing reliance on the grid. And most importantly, an affordable, beautiful and simple way to obtain solar power, that will truly improve access to energy to today's underserved markets"
Edwards said.Sign up here
to join the "First 300" and receive exclusive priority access to BlueVolt's product upon release.