# Amped Innovation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amped-innovation

- Industry: Consumer Products
- Headquarters: San Mateo, US
- Website: www.ampedinnovation.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Oct 1, 2019)
- Investors on record: 3

## About

Amped Innovation designs and manufactures high-performance off-grid solar systems and appliances, focused on delivering sustainable energy solutions to underserved communities in Africa and Asia.Amped Innovation, founded in 2015 in San Mateo, US, specializes in off-grid solar solutions. The company was co-founded by Andi Kleissner and Kurt Kuhlmann. In October 2019, Amped raised USD 3.3 million in Series A funding from ENGIE Group, Aster Capital, and FINCA Ventures, marking a significant step in their growth strategy. The latest round was the total amount raised by the company to date, supporting its mission to enhance energy access.Amped Innovation specializes in the design and manufacture of high-performance off-grid solar systems and appliances, including solar lighting kits, solar-powered televisions, fans, and innovative solar freezers. These products are engineered for efficiency, targeting customers who earn less than USD 5 per day to improve energy access in emerging markets. The company operates in over 30 countries, addressing the energy needs of households and small businesses in regions with limited reliable energy sources.Amped Innovation generates revenue through direct sales of solar appliances and systems, partnering with local distribution partners to reach end consumers. Their pricing strategies emphasize affordability, particularly for flagship products like solar lighting kits and the EasyFreeze Kit, which offer long-term operational savings. Payment plans are available, ensuring customers can access clean energy solutions while maintaining financial manageability.Amped Innovation plans to launch new products aimed at expanding its solar appliance range, focusing on innovations that cater to underserved markets. The company is targeting expansion into additional regions in Africa and Asia by 2022. The recent Series A funding of USD 3.3 million, secured in October 2019, will support these initiatives, enhancing product development and market penetration strategies.

## Funding rounds

- Series A, Oct 1, 2019, $3.3M — Aster Capital, ENGIE Group, FINCA Ventures

## Investors

- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series A
- ENGIE Group — Series A
- FINCA Ventures (https://capitalatlas.ai/funds/finca-ventures) — Series A