PORTFOLIO

PORTFOLIO COMPANIES

WASSHA Inc.

  • CEO:
    Satoshi Akita

URL:http://www.wassha.com

COMPANY PROFILE

Power to the people by delivering electricity to off-grid area.

WASSHA Inc. delivers the "Mobile Money" technology to Africa from the University of Tokyo to sell electricity to the unelectrified areas in the region. "WASSHA" in Swahili means "ignite".

The company aims to enhance the lives of people in Africa by enabling a lifestyle with reliable electricity and power, through accelerating services in fields such as medical, education, industrial development and agriculture.

COMPANY STORY

Origin

CEO Satoshi Akita chose to start the service in Africa because of huge potential, strong social impact and flexible regulations. The company was incorporated in April 2013 by CEO Akita and Specially-Appointed Professor Rikiya Abe of the University of Tokyo.

Strength

By partnering with kiosks in rural areas of Africa, the company manages to collect a detailed landscape of data on consumer coverage and consumption trends of millions of people in the region. The management is also based in Tanzania (Africa), which adds up as an operational advantage in proximity to the local communities, leveraging collaborations with Japanese corporations.

UTEC value up

As the lead investor, UTEC advises the management and introduces potential partners as necessary.
  • Power to the people

  • Kiosk image in Tanzania

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