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Enerwhere Round 1

by Team Enerwhere

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Base Target

700,000
Raised
851,823

101 investors

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Join 101 others & invest in Enerwhere Round 1

Early Adoption Discount

1st.

First Tranche

Shares will be sold at a 15 % discount

$0 share value remaining

$0.85 Price/Share

2nd.

Second Tranche

Shares will be sold at a 15 % discount

$0 share value remaining

$0.85 Price/Share

3rd.

Third Tranche

Shares will be sold at a 5 % discount

$0 share value remaining

$0.95 Price/Share

4th.

Fourth Tranche

Shares will be sold at a 5 % discount

$0 share value remaining

$0.95 Price/Share

Minimum investment size 500

How much do you want to invest?

Available for investment $1,348,177

Number of shares to be purchased

Price/Share before discount

Note: This proposal accepts overfunding; remember it is optional whether the proposal owner decides to accept any overfunding commitments.

I acknowledge that my investment will be irrevocably committed to the proposal should it reach its minimum target amount as indicated in the term sheet. I understand that this minimum funding threshold is a lower figure than the 100% funding target

By ticking this box I confirm that I understand the nature of the investment being made and I agree to the investor's terms of business .

I have read the risks disclosure document and fully understand and accept the risks of investing in private companies.

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Why Enerwhere Round 1?

Why invest?

Notable Press

http://www.thenational.ae/business/energy/dubai-solar-company-enerwhere-raises-quick-dh1m-via-crowdfunding-platform https://omny.fm/shows/businessbreakfast/enerwhere-02-02-2017 http://www.forbesmiddleeast.com/en/list/the-50-most-promising-u-a-e-startups-2016/

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The Team

Daniel Zywietz

Founder & CEO

Stefan Mückstein

Chief Operating Officer

Alice Cowman

Strategic Finance Director

Hassan Shamma

Head - Data Analytics / R&D

Feras Shadid

Head - Off-grid Division

Görkem Soyumer

Head - Distributed Generation

Emeline Platel

Country Director - Nigeria

Meet the Team

Enerwhere sells solar as a service to commercial and industrial entities just like a utility company. This is a world first!

Watch the video Download the documents

Proposal ID: 10654
Closing date: 22 Dec 2017
Category: Energy &... Energy & Utilities
Tags: B2B ... B2B, Break even, Crowd Funding, Crowd Investing, Experienced founder, Growth, Growth Companies, Nominee structure, Operating, Revenue generating, UAE
Stage: Overfunded
location: United Arab Emirates

Presence:

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Why Enerwhere Round 1?

Enerwhere’s temporary solar hybrid power is cheaper and cleaner than the conventional (diesel-only) alternatives. In typical camp applications, our solutions reduce diesel fuel consumption by 30-50%, and can offer clients financial savings of up to 20%, on contracts as short as six months.

•World’s first distributed solar utility – we sell electricity as a service
•Providing power to commercial-/industrial customers without (stable) grid connection
•Founded in 2012 in Dubai, ~50 employees
•2016 revenue of $3.5m (>2x 2015), expecting $8+m in 2017
•Globally unique transportable solar capability – allows deployment in days
•Certified Contractor under DEWA’s Shams Dubai Initiative
•Ranked by Forbes Middle East as one the UAE’s 20 Most Promising Startups
•Looking to raise $3m in growth financing ($1m equity plus $2m in debt) to fund 2017 CAPEX & market expansion

Notable Press

The Business

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Dirty diesel generators are a necessary power solution for millions of businesses worldwide. The spend on diesel generation in the Middle East & Africa is $6-$8 billion annually.

We provide temporary and off-grid power to commercial and industrial-clients, who do not have a stable grid connection, using our proprietary solar-hybrid solutions.

We have created a solar hybrid power that is cheaper and cleaner than conventional diesel generators and can directly compete in this enormous market. For a typical business, our solution can offer clients financial savings of up to 20%. Our solution is fully modular and easily transportable.

As a result, we are the only company worldwide able to deploy MW-scale temporary solar power plants within weeks, allowing us to offer our services on contracts from six months up to 25 years.

•20+ GW of diesel generators in the Middle East & Africa represent an annual spend of $6-8 bn, with over $100m spent on temporary/off-grid power in the UAE alone.
•Temporary/off-grid power is ubiquitous, growing by 7-10% annually
•Market is currently dominated by conventional diesel generators, with limited to no technology differentiation
•Enerwhere’s utility business model is applicable across industry segments, applications & geographies

To meet our capital needs, we are seeking to raise $1,000,000 via equity crowdfunding. We are raising an additional target of $2,000,000 through debt, $500,000 of which has already been raised at this time.

The $1,000,000 raised via the eureeca platform will be used for the following:

•$500,000 to develop our solar-battery storage solution which has an estimated market size of USD$40 million/per year in the UAE
•$500,000 to buy solar assets for existing contracts, market development and to support working capital.

For a full breakdown please refer to the Investment Memorandum in the Downloads section.

Our full financial model is available upon request.

This proposal has a minimum target of $350,000 and will be marked as successful once that target is reached.

The following exit strategies have been considered and approved by the Board of Directors:

1. We anticipate an acquisition or merger by a global player taking place within the next 5-7 years. This is very likely to yield a high multiple exit to all shareholders at that time.

The solar industry has seen several acquisitions recently, including:
1. Tesla's acquisition of Solarcity for over $2 billion in November 2016
2. EDF and Off Grid Electric's JV in Africa, a market we are currently operating in and aiming to expand
3. Aggreko's $52 million acquisition of Younicos, a battery storage systems developer in July 2017

As the first and largest solar power player in the UAE and based on our triple digit annual revenue growth, we believe we are well positioned to be an acquisition target in the coming years.

2. We plan on offering a Share Buyback to shareholders investing in this round within five years following the issuance of shares. The price per share at which the Buyback will be offered shall be determined based on the market value of the Company at that point.