Koolboks develops solar-powered refrigeration systems that utilize advanced insulation and energy storage technologies, including ICE and lithium batteries, to provide reliable cooling without the need for electricity. Their Pay-As-You-Go payment model allows users to access affordable refrigeration solutions tailored to their economic circumstances, addressing the challenge of high energy costs and unreliable power supply.
Funding
$8.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals and businesses in developing regions lack access to reliable refrigeration due to high energy costs and unreliable power grids. This limits their ability to store food, medicine, and other temperature-sensitive products, leading to spoilage and economic losses.
Solution
Koolboks provides solar-powered refrigeration systems designed for off-grid and unreliable grid environments. These systems utilize advanced insulation and energy storage technologies, including ICE and lithium batteries, to ensure consistent cooling without relying solely on electricity. The refrigerators are available in residential, commercial (ice, meat, beverages), and vaccine-specific models with varying sizes to meet diverse needs. Koolboks also offers an embedded Pay-As-You-Go (PAYG) technology, enabling customers to create customized payment plans based on their economic circumstances, making refrigeration more affordable and accessible. The integrated lithium system is compact, devoid of cables and wires, with no external batteries or charge controller, all highly secured in a single unit.
Target Audience
The primary target audience includes households, small businesses, and healthcare providers in developing regions who require reliable and affordable refrigeration solutions where access to electricity is limited or unreliable.
Features
- Eco-friendly solar-powered refrigeration.
- Pay-As-You-Go (PAYG) payment model with daily, weekly, or monthly installment options.
- Energy storage using ICE and lithium batteries for long-lasting power.
- Integrated lithium system: compact, no external batteries or charge controller.
- Models available for residential, commercial (ice, meat, beverages), and vaccine storage.
- Space-efficient cooler style with varying sizes.
- Powerful insulation for efficient cooling.