Company
Overview

The project addresses the challenges faced by smallholder farmers due to climate change and the reliance on fossil fuel pumps. The importance lies in the transition to clean energy for agricultural productivity, which is crucial for food security and environmental sustainability.

Celfre Energy's solution involves the importation and distribution of solar pumps and accessories, along with installation services for drip kits and water tanks. The technology used includes solar-powered irrigation systems that are designed to be accessible to farmers who typically lack financing options.

The company has achieved significant sales revenue growth from 2020 to 2023 and has a forecast for 2024. The project has reached a stage where it is actively seeking investment to expand its operations, with a clear timeline for product importation, capital expenditure, and working capital allocation.

Celfre Energy's initiatives are expected to contribute to multiple Sustainable Development Goals (SDGs), including providing clean energy alternatives, creating employment opportunities, and offsetting carbon emissions. The project's environmental benefits include reducing reliance on fossil fuels, while the social and economic impact involves job creation and support for smallholder farmers.

The company's key partners include NGOs and government organizations that work with smallholder farmers. Celfre Energy is also engaged with the local community, focusing on the last mile approach to increase customer reach and provide accessible renewable energy solutions.

Celfre Energy is seeking an investment of US$3 million for product importation, capital expenditure, and working capital.