Co-biogas company

converting cow dung and poultry dung into biogas.
  • Sector Biotechnology, Cleantech
  • Country Nigeria
  • Founding date June 2019
  • Stage Prototype
The high use of firewood and kerosene in Nigeria can be replaced with the use of biogas which will be used for cooking especially in the rural areas. I intend having 1500 cows supplying dungs for my biogas plant in every locality in Nigeria which is very much cheap and co-friendly.

General

Sector
Biotechnology, Cleantech
Category
Consumer
Product usage or interact
Mobile/Tablet (Android))

Business

Target customer
Rural and urban homes in Nigeria
Customer acquisition strategy
Social media and advertisements.
Revenue model
Revenue for 3years
Advertising-$20,000.00
Commerce (Land+vehicles)- $96,000.00
Data-$10,000.00
Licensing-$1666.67
Subscription- $5,000.00
Transaction processing- $26,000.00

Market info

Market size
$83,888,666
Competitors
Competitor name
Competitor website
Competition
Gasland: They produce LPG to citizens in Nigeria which is a very highly flammable gas and recently there was a gas explosion in Nigeria that claimed a lot of lives and buildings in Lagos state, Nigeria..
Firewood sellers: Lot of trees are cut down daily. Women especially in the rural communities uses this for cooking and this has really killed a lot of women annually due to inhalation of the smoke emitted from this wood used for cooking causing lung cancer
Startup traction
With the outbreak of the covid-19 in the world system, the market of our competitors will increase. With this avenue, we would be having a very strong B2C and B2B partnership with various bodies.
Also we would be having a very strong and organized media that would propel our company, especially with great models in Nigeria.
We are going on a geometric Progression rather than an Arithmetic progression every month due to research and improvement daily.
We intend to have marketers that will be going home to home advertising our company. And every month, the marketer with the highest customers will be awarded a prize.
It is going to be a real and enjoyable business.
By the next 3years in Nigeria, we will be having over 20gas plants in communities covering almost the whole western part of Nigeria with over 20million customers.

Total early investment
$1,000,000
Shareholder structure
Owner type
Name
Equity
Debo
Founder
% 55
Sobola
Co-Founder
% 10
Debo
Company
% 35
Investment round
Angel Investment
Investment amount
$1,000,000
Equity on offer
% 25.0

Team

Arinzechukwu Debo  - Nigeria
Total team member
40
Comment
We would be going on a high rate of speed with the company. Recently, we saw the high rate of people requesting for LPG gas in Oyo state and sometimes, there are complain that it is high and doesn't last them for a particular duration it should last in homes
Last update: 29.04.2020