Certified Startup
NYQUEST INNOVATION LABS PRIVATE LIMITED
Sector:
Climate
Business Model:
B2C
Industry:
Climate tech
Technology:
AI / ML Manufacturing
About
Incorporation Date
May 22, 2017
Incorporation Type
Private Limited Company
Registered State
Kerala
Registered District
Ernakulam
Registered Address
18/643 Keerti Mahal Mynagappally Kollam KL 690519 IN
Office State
Kerala
Office District
Ernakulam
Office Address
3/B-F, Premier Towers, Nedumthode, Perumbavoor, Ernakulam, Kerala-683547
Team
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Lakshmi Nambiar
Co-founder
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Harsh Mohan
Co-founder
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Kiran S
Co-founder
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Akhil S
Co-founder
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Vinod Gopal
Mentor
iCON
A consumer using battery based power backup systems can convert his/her system to solar power at the lowest price. Initial investment is around 60% lower since UPS & battery infrastructure is already available at site. Our product reduces utility energy consumption and has better pay back time.
Sector:
Climate
Industry:
Climate tech
Business Models:
B2C
Technology:
AI / ML Manufacturing

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.

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