Team
Product 1
The world wants to move to solar power for various reasons. But solar PV is CAPEX intensive. The Levelized Cost Of Electricity (LCOE) generated from solar goes high as the system capacity comes down. Hence we see mostly large solar farms and are not penetrating into rooftop and smaller systems without government incentives.
NyQuest Innovation Labs solve this problem by adding solar modules and AI driven digital power electronic controls to existing battery-based systems like uninterrupted power supplies (UPS) and inverters. We piggyback on an existing market. Our patent pending product converts any existing stationary battery-based power backup system to solar at the lowest cost of ownership for the customer. We are at a stage where we have a validated product in market with a cumulative revenue of Rs 4 Crores and more than 550 installations across Kerala & some in Africa. Long term, we intend to do a B2B business where we utilize the existing 17,500 trained installers, distribution channels or white label to prospective brand owners. We intent to get our products manufactured with established EMS companies and are striving to sell 1Mn units in the next 6 years to become a dominant player in the solar conversion market.