# Innovex Uganda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovex-uganda

- Industry: Renewable Energy
- Headquarters: Kampala, Uganda
- Website: www.innovex.org
- Latest round: Seed (Jan 19, 2021)
- Investors on record: 1

## About

Innovex Uganda Limited specializes in developing advanced technological solutions that promote socio-economic transformation across Africa, focusing on IoT platforms and contract manufacturing services.Innovex Uganda Limited, founded in 2015 by David Tusubira, is headquartered in Kampala, Uganda. The company primarily develops technology solutions for enhancing operational efficiency, including a cloud-based platform for solar installations. Innovex has engaged in one funding round, raising an undisclosed amount of Seed funding in January 2021.Innovex is primarily engaged in developing advanced technological solutions aimed at promoting socio-economic transformation in Africa. The core product offerings include the REMOT IoT cloud-based platform, enabling organizations to efficiently operate and maintain solar and equipment installations. This platform serves a diverse clientele, including local businesses and international organizations, looking to enhance their operational efficiency and sustainability efforts. Furthermore, Innovex has established a local Surface Mount Technology (SMT) and plastic manufacturing facility, facilitating contract manufacturing services for both local and global customers. By focusing on embedded systems, connected devices, and software development, Innovex addresses various challenges related to technology integration and accessibility across multiple sectors, including renewable energy and telecommunications, primarily targeting markets in East and Southern Africa.Innovex generates revenue through a combination of contract manufacturing and subscription-based services provided through its REMOT platform. The revenue structure includes partnerships with businesses that utilize the REMOT platform for managing their solar and equipment installations, which involves a tiered subscription model based on the scale of usage and specific features required. Additionally, Innovex's contract manufacturing services cater to both regional and international clients, enhancing its revenue stream through B2B transactions. While the pricing details for specific products and services are not disclosed, the company’s flagship offerings suggest a strategic focus on providing competitive and reliable technology solutions that meet the needs of its diverse customer base. Overall, Innovex's revenue model emphasizes both software subscriptions and partnership-driven manufacturing services.Innovex plans to leverage its recent funding from the Seed round in January 2021 to enhance its product offerings and expand into new markets. The company is developing additional features for its REMOT platform and aims to launch these innovations within the next two years. Furthermore, Innovex is targeting expansion into new geographic regions in East and Southern Africa, specifically focusing on increasing its presence in the renewable energy sector. The funding will support scaling operations and marketing efforts to attract new clients and partners.

## Funding rounds

- Seed, Jan 19, 2021 — Gaia Impact Fund

## Investors

- Gaia Impact Fund (https://capitalatlas.ai/funds/gaia-impact-fund) — Seed