PORTFOLIO

PORTFOLIO COMPANIES

WASSHA Inc.

  • CEO:
    Satoshi Akita

URL:http://www.wassha.com

COMPANY PROFILE

Delivering electrical power to people in off-grid areas.

WASSHA Inc. delivers the "Mobile Money" technology in Africa to sell electricity to the unelectrified areas. "WASSHA" means “ignite” in Swahili.

The company aims to improve the lives of people in Africa by enabling a lifestyle with access to reliable electricity and power. WASSHA believes that access to electricity is a key accelerator to other advancements in the medical, educational, industrial and agricultural fields.

COMPANY STORY

Origin

CEO Satoshi Akita chose to start the service in Africa because of the strong social impact WASSHA would have in Africa as well as the size of its market and flexible regulations. The company was incorporated in April 2013 by CEO Akita and Professor Rikiya Abe of the University of Tokyo.

Strength

WASSHA collected a detailed landscape of data on consumer coverage and consumption trends of millions of people in Africa by partnering with kiosks in rural areas. The management is based in Tanzania, in close operational proximity to the local communities, and leverages collaborations with Japanese corporations to deliver value

UTEC’s value add

As the lead investor, UTEC advises WASSHA’s management, supports its fundraising activities and introduces potential collaboration partners.
  • Power to the people

  • Kiosk image in Tanzania

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