Developed by Cosmos Ignite, MightyLight is a solar-powered device which uses Light Emitting Diode (LED) technology rated to last for over 30 years if used for four hours daily. Combined with solar energy, it is designed to be a waterproof, shockproof and multiple-function lamp that can be used as a room light, reading lamp or flashlight.
Currently, Cosmos Ignite has managed to reduce the price to Rs 1,250 for the lamp and Rs 750 for the panel.
In 80,000 remote villages in India, the only lighting available is kerosene-based. And around 18,000 very remote/tribal villages don’t ever stand a chance of grid connectivity. MightyLight can be be of great use here.
The company is also planning to raise money from venture capitalists (VCs) to fund what he terms ‘micro-energy’ kiosks. “There are hundreds of thousands of common service centres (CSCs) which have been set up by the government in partnership with companies. However, these CSCs are yet to devise a sound business model. We are in the process of partnering with the owners of many such CSCs to retail our suite of energy-efficient products,” it says.
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