Reeddi

  Olugbenga Olufemi              Olubanjo

Shortlist

  Nigeria

What is Reeddi?

Reeddi is an energy system used to provide clean, reliable and affordable electricity to households and businesses operating in the energy-poor communities of sub-Saharan Africa.

What is the challenge? 

Following personal experience of countless blackouts and brownouts, control systems engineer Olugbenga Olubanjo developed the ’always ready’ Reeddi capsule system. Reeddi provides power to communities and businesses without electricity, at an affordable price. Its portable nature gives users to access electricity anywhere they go.  

How does it work?

Reeddi capsules contain lithium-ion cells, improved by a proprietary battery optimisation algorithm to extend the lifespan of the capsule from two to four years, an increase from 500 to more than 1,200 charge cycles.

The energy system is divided into three parts: the brick-sized energy capsule, which stores electricity provided to users; energy crates, which are used to store the energy capsules when distributing or collecting them for recharging; and the recharging station. Reeddi capsules have a built-in wireless data transfer feature, which saves information related to energy usage, device location, battery levels, device analytics and general customer information. Energy usage data is used to optimise local operations and understand customers’ energy requirements.

Reeddi customers save up to 30% on their usual energy expenses with access to power anywhere, anytime. Reeddi currently recharges the capsules at a central location but intends to erect solar-powered energy charging stations in communities, allowing customers to recharge capsules themselves.  

Reeddi currently serves more than 600 households and businesses each month, aiming to increase to 10,000 monthly customers across Nigeria in 2021

Looking for:

  • We are seeking $3 million in investment as well as possible corporate partnership opportunities to scale our innovation for massive impact.

“Reeddi’s novel solution relieves users of the mobility, cost, payment and flexibility constraints of other energy-generating options. When you need a reliable electricity supply, we are ‘always ready’ with Reeddi.”

Olugbenga Olufemi Olubanjo, Reeddi