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Let-it-Cold

Innovations Item Code: IN-2024-2100078

Sector: AgriTech/FoodTech

Description:

Let it cold is a sustainable cooling startup company located in the northwest region of Nigeria specifically in Kano State with the vision to make life cool and safer by providing a clean and sustainable cooling system for human comfort. Agriculture is at the center of Nigeria’s economy thereby providing the main source of livelihood for most of the population. Small holder farmers account for 80% of the country’s agricultural output. A substantial amount of food is lost due to lack of cold storage in the rural area thereby weakening the country’s food supply chain. Nigeria loses 80M tons of food annually along the value chain which is equivalent to 9% of its GDP. Our solution is to provide solar powered refrigeration systems to traders and farmers. Deployment of our solution could bridge the existing deficit, enable FG to achieve 11% of its post-harvest reduction target and also reduce Nigeria’s post-harvest loss in perishable foods by 30%.

Stage of Innovation: Prototype (You have a working physical product)

Problem:

The project aims to address the challenge of food spoilage and wastages in underserved communities with limited access to reliable electricity in northern Nigeria. The objective is to provide solar-powered refrigeration systems to farmers, cold drinks sellers, fishmongers and food processing facilities to store harvested crops, fruits, soft drinks, sea foods and vegetables under controlled temperatures. By doing so, the project aims to improve food security, promote sustainable development, and enhance the agricultural value chain.

Unique Selling Point: Our solution is different from others because we have the following unique value propositions: 1. Pay-as-you-store model 2. Long serving duration. 3. Pay-as-you-go model. 4. Low or no running cost 5. Elegant design with options for bespoke integration to customers' needs. 6. Low running cost and affordable pricing. The following distinguishes our business from others (competitive advantage); 1. Our product is reliable and affordable with no running cost. 2. Our product emits zero greenhouse gas to the ozone. 3. Our system uses a D-C compressor and R 600 refrigerant which makes it consume less energy. 4. We provide superior customer service, tailored solutions, and comprehensive support to build strong customer relationships.

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