# PowerUP

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/powerup-2

- Industry: Consumer Products
- Headquarters: Kampala, Uganda
- Website: www.powerup.works/
- Latest round: Seed (Feb 6, 2024)
- Investors on record: 2

## About

Founded in 2021 and based in Uganda, PowerUP Limited is a product development company creating household appliances that reduce carbon emissions while delivering income and health benefits. The company was co-founded by its CEO, Kato Kibuka. In February 2023, PowerUP Limited raised seed funding led by Delta40 Venture Studio and Autodesk.

The company provides its primary product, the electric pressure cooker, which is equipped with an in-built energy meter. The firm’s product allows users to monitor their energy consumption and understand the cost of cooking, empowering them to make informed choices about their energy usage. Customers can pay for its electric pressure cookers monthly using PAYGO, which is made possible by its partnerships with Angaza, Paygee, PaygOps, and Upya.

The organization plans to use the February 2024 funding to strengthen its distribution network, enhance its data platform, launch new electric stoves, and digitalize its carbon credit program.

## Funding rounds

- Seed, Feb 6, 2024 — Autodesk, Delta40 Venture Studio

## Investors

- Autodesk (https://capitalatlas.ai/funds/autodesk) — Seed
- Delta40 Venture Studio (https://capitalatlas.ai/funds/delta40-venture-studio) — Seed