This document summarizes a solar-powered cold storage solution for small farmers in developing countries. It describes the problem of significant post-harvest food loss for smallholder farmers due to lack of cold storage. The proposed solution is to install walk-in, solar-powered cold stations that can preserve foods for up to 21 days, extending their shelf life. Initial results show that 5 pilot stations saved over 5,000 tons of food and increased farmers' incomes. The company aims to scale this by deploying 40 additional cold storage hubs across Nigeria to serve over 7,000 farmers.

1. Solar-powered cold storage for developing countries
designed to greatly reduce post-harvest loss for 470 million
small farmers in Africa, Latin America, and Southeast Asia

2. Farmer, radio presenter, social entrepreneur and Founder/CEO of the
Smallholders Foundation in 2003.
Created Smallholder Farmer Rural Radio, The Agriprenuership Academy, The
Smallholders Seed Store, Smallholders Microcredit, and GrainStore
polypropylene bags (grain preservation bags).
Highly honored within the rural agricultural development sector, locally and
internationally.
ABOUT THE CEO
Nnaemeka C. Ikegwuonu

3. Smallholder Farmers
Rural Radio 98.0FM

5. PROBLEM
In Nigeria, 45% of food
spoils due to lack of cold storage...
...this causes 93 million small farmers
to lose 25% of their annual income.
Source: Rockefeller Foundation; Food Waste and Spoilage Initiative 2014

6. Ahmed

7. Eugene

8. Alex

11. X
X
X
Most equipment is too
costly for the average
farmer to purchase
Power grids are not capable
of delivering reliable energy
Most solutions are not
rugged enough to
withstand harsh conditions
Cold refrigeration is
non-existent in Nigerian farms and
marketplaces.

12. SOLUTION
Walk-in, solar-powered cold stations for 24/7 storage and preservation.

13. Well designed for specific locations, weather conditions. R290 Refrigerant.

14. Offers education for post harvest management

15. Extends the shelf life of perishable food from 2 days to 21.

16. From 1,000 tons to
5,722 tons of fruits
and vegetables
saved
from spoilage
2 YEAR IMPACT OF 5 HUBS
320 farmers,
retailers and
wholesalers have
increased their
income to US $120
10 new jobs created
for women

17. OPERATIONS
One Hub Operator and One Market Attendant per ColdHub.

18. We charge $0.50 USD/night to rent 1 plastic crate
Each station holds 150 crates - up to $75 USD/day in revenue
100% utilization = $27,375 USD/year 50% utilization = $13,687 USD/year
REVENUE MODEL

19. FINANCIALS
2017 2018 2019 2020
Total No of cold
rooms
5 15 19 30
Total crate
inventory
750 2,250 2,850 4,500
% of crates used 70% 70% 80% 80%
Rental rates per
crate
US$0.32 US$0.50 US$0.50 US$0.50
Revenue US$32,130 US$173,250 US$369,000 US$527,400
Salaries US$20,150 US$37,800 US$51,700 US$60,500
Operational costs US$4,800 US$12,250 US$9,600 US$23,900
Total Expenses US$24,950 US$50,050 US$61,300 US$84,400
Net Income US$7,180 US123,200 US$307,700 US$443,000

20. Bright Benjamin Igbokwe
COO
Experienced business
development manager with
extensive expertise in agribusiness
startups, rural logistics,
distribution, commercial strategy,
contract negotiations, business
processes, and team building.
Masters in Business Administration
Imo State University, Nigeria
Chidubem Maxwell
TO
Electrical and electronics engineer,
with extensive knowledge and
expertise in clean energy, solar
cells, batteries, air conditioning,
cold room design, and
refrigeration.
HND, Electrical & Electronics
Engineering, Federal Polythenic
Nekede, Owerri, Nigeria
Emeka Ekeocha
Ag. BDO & ICT
Experienced digital marketer,
Search Engine Optimization
Expert, with proven ability to
digitally convey complex products
information and ideas.
BSc Polymer and Textile
Engineering, Federal University of
Technology, Owerri, Nigeria
THE TEAM

22. SCALE
Raising
US$1,300,000
To deploy 40 ColdHubs across high potential food production and consumption
centers in Nigeria

23. FINANCIALS
2019 2020
Total No of cold rooms 52 52
Total crate inventory 7,800 7,800
% of crates used 50% 80%
Rental rates per crate US$0.50 US$0.50
Revenue US$702,000 US$1,123,200
Salaries US$104,500 US$104,500
Operational costs US$205,720 US$205,720
Total Expenses US$310,220 US$310,220
Net Income US$391,780 US$812,980

24. NIGERIA

25. TIMELINE
2018
Q3
Expand team
Q4
Order parts
2019
Q1
Deploy Hubs
Sales
Q2
Deploy Hubs
Sales
Q3
Deploy Hubs
Sales
Q4
Sales
2020
Q1
Sales
Q2
Sales
Q3
Sales
Q4
Sales
Deploy Hubs

26. MARKET SIZE

27. nnaemeka@coldhubs.com
+234 806 0292346
www.coldhubs.com