The Vision of Bingo Technology is to become the leading high tech renewable energy saving (Self Charging units) innovation globally.
Our vision is to provide our customers exceptional values by ensuring excellence in our products and services.
Bingo Technology's mission is to innovate quality and cost-effective renewable energy products and services, we will also improve carbon emissions through our new technology and hardware devices.
Meet the socio-economic needs of high temperature zones by creating renewable energy that are sustainable and that are environmentally friendly.
The production of self charging powered (Ceiling Fans, charging of Cell Phones, Laptops and other handheld devices) and reducing reliance on the grid.
This will result in significant reduction of energy bills. The innovation will bring a clean energy project benefiting the community and heading towards sustainable targets.
Market size value in 2020 → USD 10.10 billion
Revenue forecast in 2025 → USD 12.50 billion
Growth Rate expected at CAGR of 4.3% (2019-2025)
Market size valued at $9.3B in 2018
Offline Revenue of $7.2B → 77.4%
Online Revenue of $2.1B → 22.6% &
Expected growth @ CAGR of 5.1% (2019-2025)
Asia Pacific dominated market @51.9%
Target quantity of devices for 5yrs (69 million)
Self Charging unit sales (Ceiling Fans and Handheld Devices)
Manufacturing and distribution
Manufacturing cost $150 and sale price $350 giving margin of 60%
In 4 countries targeted as per model
Expected Profit over 5 years $13.81 B
Largest Economy
Target Profit $6.74B
Energy Challenged
Target Profit $1.35B
Strong Market
Target Profit $2.00B
Africa’s Largest Eco.
Target Profit $3.72B
Bingo Technology requires $250,000 USD for 20% of the business to support global expansion plans and retain our intellectual property. The ask enables funding for development of commercialized prototypes of our global project, production of sample consumables to be tested by selected few, providing a competitive advantage and exceeding customer satisfaction
Minimum Investment
Pre Seed 20%
Commercialised Prototype and Sample Testing
Seed Round 10%
Production and distribution
Validate IP
Launching, Marketing and press releases
Series A funding 10%
Continue advertising, Marketing and press releases
Continue Pipeline for Wholesalers
Continue marketing efforts and social presence
60% on Product Developmen
30% on Business development costs. People and systems
10% on Business Administration
70% on Operations Costs
30% on the Go to Market, Marketing and Advertising
Term sheet and Agreement
Breakdown funds distribution as below for Bingo Technology:
Product development 60% - Ceiling Fan, Mini Wind Generator, Batteries, Charger Controller and System Automated Switch,etc. ($96,348.24)
Business development and HO Wages 30% - CEO and Business Development personnel ($48,174.12)
Administration 10% - Trademarks, Legal Fees, Business Registration ($16,058)
Operations Cost 70% - Cashflow, Operating costs ($62,593.72)
GTM 30% - Marketing Costs, promotions, awareness of projects and administration of all this ($26,825.88)
Note - We have already discussed it with two companies. A home appliances distribution company and a luxury ceiling fan manufacturing company in the United State of America for manufacturing, distribution, warehouse, etc.
Charles Amoako
A brilliant young US-based Ghanaian inventor, Mr. Charles Amoako - Electrical Engineer and Renewable energy expert.
The International Federation of Inventors Association conferred a bronze and silver medal awards on Mr. Charles Amoako at the Silicon Valley International Invention Festival in July 2018 and June 2019 and two scientific Diplomas, respectively. His amazing off-grid self-powered ceiling fan innovation will make a huge difference in energy use globally, and create sustainable value for the promoters of this invention.
