Futurepump is a manufacturer of solar powered irrigation pumps for smallholder farmers. Across the tropics, there are an estimated 500 million smallholders, many are struggling to irrigate their land daily. We started commercial sales in 2016 and have sold over 8,000 pumps, with a turnover of $1m last year.
Across the tropics, there are estimated to be over 500 million smallholder farmers, many of whom are struggling to irrigate their land. Our market analysis shows that irrigation technologies available to these farmers are not economically, socially or environmentally sustainable.
Our patent pending solar water pumps are built to last and are designed to be easily maintained by rural farmers. Our innovative pumps combine solar power technology with remote monitoring systems and robust engineering.
So far, we’ve made an impact by:
• Selling over 8,000 solar pumps since commercial sales began in 2016, reaching $1m of revenue last year (EBITDA $163k).
• Selling through approved, country-level distributors who buy stock direct from our factory with a typical order value of $85,000.
• Raising $3.6 million non-dilutive capital.
The opportunity for growth is huge: the addressable market for solar irrigation pumps was estimated at $3.5bn in a recent independent industry report. And demand for irrigation is on the rise as climate change brings unpredictable rainfall, floods, and drought.
Now is the time to drive down manufacturing and distribution costs and step up our ambitions to reach many more farmers.
We want you to be part of our journey. By investing today, you will help us amplify our message, reach more customers and together we can improve the lives of smallholder farmers globally.