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Startup Founder Chat with Michael of Energy Lite | Solar Energy Startup | Episode #7 [Video]

Startup Founder Chat with Michael of Energy Lite | Solar Energy Startup | Episode #7

We have a chat with Michael Bernil, the co-founder and CEO of Energy Lite – a solar energy startup operating in Philippines and Singapore. He shares with us how his co-founder left the Entrepreneur First programme and how he convinced him to return and convinced Entrepreneur First to take them into the programme. Beyond this insightful origin story, he talks about the mission to bring solar to buildings of all sizes in Southeast Asia.

Watch this episode and discover how things are going for Energy Lite, their fundraising round and how its being led by a huge company (all the angel investors, be sure to watch this part).

TIME STAMPS
01:08 – How did Energy Lite begin?
04:42 – How did your previous working experience trigger the idea?
07:20 – What is driving the push into renewables?
10:35 – Renewable energy is a secured energy resource for a country
11:30 – What would success look like for Energy Lite?
13:30 – Enabling business to grow more with operational cost savings
18:05 – The Sustainable Development Goals of Energy Lite
20:01 – The market size of the solar energy space ($24 billion in SG and Philippines alone)
22:03 – Where is Energy Lite right now?
23:44 – The metrics to measure the success and performance of Energy Lite
25:22 – What is holding Energy Lite back at the moment?
29:21 – What is in it for the financing partners?
30:59 – The financial model of Energy Lite
33:50 – Fundraising – What are you raising and what has been raised?
34:18 – Fundraising – What is the current valuation?
36:09 – Fundraising – How are you raising – SAFE or convertible note
40:05 – Potential exit / return if you invest now
48:48 – Subscriber question – How is Energy Lite dealing with intermittency?
50:45 – Subscriber question – How does Energy Lite deal with the raw material shortage currently?
53:21 – Subscriber question – The competitive landscape in Singapore and the Philippines

🔗 CONNECT WITH MICHAEL:
1) https://www.linkedin.com/in/kelbernil506/

🔗 CONNECT WITH US:
1) Osman – https://www.linkedin.com/in/osmansing…
2) Razy – https://www.linkedin.com/in/razyshah/

🔗 CONNECT WITH ENERGY LITE:
💻 Website – https://www.energylite.co/
🤝 LinkedIn: https://www.linkedin.com/company/energylite/
🐦 Facebook – https://www.facebook.com/energylite.co

🙏 LEAVE A COMMENT

Leave a comment with any feedback, ideas or thoughts about the lessons you’ve learnt from the episodes.

Also let us know what more you’d like to learn in the comments and we will be sure to cover it in a future video

👋🏼 GET YOUR STARTUP FEATURED

If you’d like to be interviewed during the show, do connect with us on LinkedIn.
If you’d like to pitch to us and our network, do connect with us on LinkedIn as well.

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Charities webinar – Contract exposure: managing risks in legally binding agreements [Video]
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Charities webinar - Contract exposure: managing risks in legally binding agreements [Video]

On Wednesday 11 May, Edward Bouckley delivered the next webinar in our charities bite size series. In the webinar Edward looked at some of the key aspects of managing risk when entering into commercial contracts. He discussed:• What risk management is.• What risk is and why properly managing it is so important to charities.• Some of the ways risks can be managed in contacts.Edward also looked at some of the steps that you can take to better protect your charity when entering into contractual arrangements.Here are the timestamps to help guide you through this webinar:0:52 Birketts at a glance1:18 What we will cover today2:09 What is risk management?3:07 What is risk and why is it important?3:59 Contractual risk5:58 Identifying risk10:05 Written contracts11:34 Assessing Risk13:10 The danger of "pre-contractual" agreements14:27 A cautionary tale16:21 Rights and obligations17:51 Risk - allocating and controlling18:48 Transferring risk: indemnities20:00 Controlling risk: limitation of liability21:29 Practical tips23:18 QuestionsThe webinar ended with a Q&A. Disclaimer: The content of this webinar is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this webinar please contact us in the first instance. Law covered as at May 2022. Meet our expert, Edward Bouckley: https://www.birketts.co.uk/our-lawyers/norwich/edward-bouckleyContact us at: https://www.birketts.co.uk/contact-usSign up to future webinars: https://www.birketts.co.uk/events​​​​ To ensure that you are invited to future webinars and receive our newsletters please opt in to our mailing lists and select the appropriate areas of interest. https://www.birketts.co.uk/register

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Chicago HOPES For Kids: Empowering Lives Through Education [Video]
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Chicago HOPES For Kids: Empowering Lives Through Education [Video]

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