Cold Hubs
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | Grant | ||
* | $800k | Grant | |
N/A | - | ||
Total Funding | €727k |
Recent News about Cold Hubs
EditColdhubs operates in the agricultural sector, providing solar-powered cold storage solutions designed to extend the shelf life of perishable foods from 2 days to 21 days. The company primarily serves smallholder farmers in developing countries, offering a flexible 'pay as you store' subscription model. Farmers transfer their perishable foods into reusable crates, which fit neatly onto Coldhubs' shelves, and pay a daily flat fee for each crate stored. This model helps reduce post-harvest loss by 80%, thereby increasing farmers' annual income by 25%. Coldhubs also focuses on creating jobs for women, who manage operations and revenue collection at Coldhubs stations. The business aims to be self-sustainable within its first year of operation. By providing more nutritious food to rural and urban dwellers, especially children, Coldhubs contributes to reducing malnutrition. The company operates in the Nigerian market and leverages its innovative cold storage technology to address food waste and improve food security.
Keywords: solar-powered, cold storage, perishable foods, smallholder farmers, pay-as-you-store, post-harvest loss, income increase, job creation, women empowerment, Nigeria.