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Saltech Energy Solutions
Resolving energy crisis of Pakistan, Advisors, Investors
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Market
Energy
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Desired Funding Amount
Over $1MM
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Type of Funding
Equity Funding (VC / Angel / PE)
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Location
Karachi,Pakistan
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Business Phase
Growth (not profitable)
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Contact Person
Asjad Ahmad
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Employees
10 - 25
Profile Information
Saltech Energy Solutions is an entrepreneurial venture which aims to commercially expand the efficient technology of solar ponds for first time in Pakistan to fulfill energy demands of Pakistan, mainly fulfilling industrial hot water requirements with the possibility of electricity generation, central heating system and clean water provision in future.
The business model of company includes linking up with industries of Pakistan through SMEs and industrial consultants for fund raising to construct test pond at industrial sites.
Saltech requires a total funding of $70,000 before starting its commercial operations. The company is successful in receiving a grant of around $14,000 from national and international competitions after successful operations of its prototype. Initial funding is currently being used for R&D at National University of Sciences & Technology, Pakistan and University of New South Wales , Australia leading to development of commercial demonstration of solar pond
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