Why Waterlight's Business Model is so successful?
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Waterlight’s Company Overview
Waterlight is a revolutionary initiative by the Colombian designer Miguel Mójica, in collaboration with the teams of Wunderman Thompson in Colombia and E-dina. The company has developed a portable device that generates light from saltwater. This device, designed to address the issue of electricity access for approximately 840 million people worldwide, can produce light for 45 days with just half a liter of saltwater. The lamp is 100% recyclable and durable, designed to function for 5,600 hours, equivalent to more than 230 days or 2 to 3 years of use, depending on the frequency of need.
Business Model:
Waterlight's business model is centered around sustainability and social impact. The company's primary product is a lamp that generates light through the ionization of electrolytes found in saltwater. This lamp, which can also charge electronic devices via a USB port, was initially designed for the Wayúu community, an indigenous group living in the northernmost part of South America. The company aims to harness one of Earth's most abundant resources, seawater, to provide a reliable alternative to solar lamps in off-grid communities.
Revenue Model:
While specific details about Waterlight's revenue model are not publicly available, the company's primary source of revenue likely comes from the sales of its innovative saltwater lamp. Given the lamp's potential for mass production and global distribution, Waterlight may also generate revenue through partnerships with organizations focused on clean energy and sustainable development. The company's commitment to sustainability and social impact could also open opportunities for funding from grants and awards.
Headquater: Bogotá, Colombia, Latam
Foundations date: 2011
Company Type: social enterprise
Sector: Energy & Utilities
Category: Non-profit
Digital Maturity: Fashionista
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Waterlight’s Business Model Canvas
- Wunderman Thompson Colombia
- E-dina
- Design
- Manufacturing
- Marketing
- Distribution
- Networking
- Branding
- Sales
- Unique technology and know-how
- Patents
- Design Expertise
- Social Impact Focus
- Network of suppliers
- Partnerships
- Awards
- Access to Seawater
- Sustainable Energy: Waterlight harnesses the power of ionization a process by which the electrolytes in saltwater react with the aluminum inside the device to generate light
- This provides a sustainable and clean energy solution
- Social Impact: The company is committed to illuminating the lives of off-grid communities starting with the Wayúu community in Colombia
- The device has transformed lives by providing a safe and sustainable source of light and electricity
- Innovative Design: The device designed by Colombian designer Miguel Mójica is not only functional but also aesthetically pleasing and culturally sensitive
- Durability: The device can generate 45 days of light with just half a liter of saltwater and is designed to function for 5.600 hours
- Recognition: Waterlight's innovative design has been recognized with awards
- including three awards at the Cannes Lions 2021
- Social impact
- Collaboration
- Indoor lighting
- Outdoor lighting
- Renewable energy
- Sustainability
- Green
- Off-Grid Communities
- Sustainable Energy Advocates
- Emergency Services
- Global Market
- Website
- Social networks
- Blog
- Telephone
- Product Development
- Research and Innovation
- Distribution and Marketing
- Social Impact Initiatives
- Product Sales: The company generates revenue from the sales of its innovative saltwater lamp
- Waterlight has already garnered thousands of preorders
- Crowdfunding: E-Dina the startup behind Waterlight recently launched a crowdfunding campaign to sell more than 100.000 units when it goes into production
- Patents: Waterlight has secured three patents
- which could potentially generate revenue through licensing
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Try it freeWaterlight’s Revenue Model
Waterlight makes money by combining different business models. Below, you will find the list of the different monetization strategies identified for this company:
- Direct selling
- Licensing
- Crowdfunding
- Sustainability-focused
- Energy
- Ecosystem
- Social stakeholder
- Innovation
- Solution provider
- Technology trends
- Customer relationship
- Experience
Waterlight’s Case Study
Waterlight's CASE STUDY
When we first heard about Waterlight, our immediate reaction was one of awe and curiosity. Here was a company with a mission as clear as its product's luminescence, aiming to light up the lives of millions using something as abundant and cost-effective as saltwater. As intriguing as the concept was, the tale of Waterlight’s journey from idea to innovation and ultimately to impact is what truly fascinated us. We will navigate through Waterlight's remarkable journey, examining the unique aspects of their business model, the intricacies of their technology, and the social and economic impact they strive to achieve.The Birth of a Revolutionary Idea
Back in 2011, Miguel Mójica, a visionary Colombian designer, began collaborating with the teams from Wunderman Thompson in Colombia and E-Dina. They shared a common objective: to create a sustainable energy solution for off-grid communities. The seed for Waterlight was planted with the realization that nearly 840 million people worldwide lack access to electricity (World Bank, 2021). This was not just an inconvenience but a barrier to education, healthcare, and economic development. Virgin soda can packs filled with saltwater and glimpses of hope catalyzed the conceptualization of the Waterlight device. Remarkably, with just half a liter of saltwater or even urine, the Waterlight lamp can produce light for up to 45 days. This isn’t just a lamp; it’s a beacon of sustainability with profound social impact.The Pioneering Technology
Waterlight harnesses the power of ionization – a chemical process where electrolytes in saltwater react with aluminum inside the device to generate electricity. This clean, sustainable energy can power the lamp while simultaneously serving to charge electronic devices via a USB port. We marvel at the simplicity and brilliance of this technology. The device, besides being 100% recyclable, is designed to function for 5,600 hours, translating to more than 230 days or up to three years of use depending on the frequency of need. The durability and robustness of Waterlight are indeed its crowning glories, making it a highly sustainable solution for communities that earnestly need them. Citing a study from Clean Energy Reviews, the significant advantage of ionization over solar technology in specific scenarios is evident. Unlike solar lamps that rely on sunlight, which can be inconsistent, Waterlight’s utilization of seawater ensures reliability irrespective of weather conditions.A Business Model Driven by Social Impact
The uniqueness of Waterlight extends beyond its product to its business model, which is firmly entrenched in sustainability and social impact. Initially designed for the Wayúu community, an indigenous group in South America, the device has transcended regional boundaries to serve off-grid communities globally. Waterlight's revenue model, although not detailed publicly, likely hinges on direct sales, given the high demand and preorders globally. The organization's commitment to social impact presents additional opportunities for funding through grants and awards. Crowdfunding campaigns, a notable one by E-Dina, illustrate this, leading to the sale of over 100,000 units when full-scale production begins (Waterlight, 2023).Strategic Partnerships and Recognition
Strategic partnerships have been vital to Waterlight’s ascent. Collaborations with Wunderman Thompson Colombia and E-Dina have bolstered their design, manufacturing, marketing, and distribution capabilities. This synergy positions Waterlight favorably in the competitive landscape of sustainable energy solutions. Recognition has also flowed steadily, with Waterlight bagging three prestigious awards at the Cannes Lions 2021. Such accolades underscore the innovation and impact of Waterlight, enhancing its visibility and appeal to both consumers and potential partners.Transforming Lives – One Community at a Time
But beyond the technology and business metrics, it’s the stories of transformation that make Waterlight truly special. For the Wayúu community, the introduction of Waterlight has been nothing short of life-changing. Children can now study after dark; women have more hours to work on handicrafts, and the entire community can gather safely in illuminated spaces. Emotional and functional attributes are deeply interwoven in Waterlight’s offerings. There's the badge value of using an aesthetically pleasing, culturally sensitive device, designed by the esteemed Miguel Mójica. On a functional level, the lamp not only reduces effective cost and effort but also provides a high-quality, sustainable lighting solution comparable to none.The Path Forward
Looking ahead, the future seems bright – quite literally. Waterlight plans to scale its operations, addressing the needs of more off-grid communities. Their roadmap includes mass production and leveraging crowdfunding to expand their reach. By focusing on sustainability, innovative technology, and profound social impact, Waterlight stands tall among its peers. This unique amalgamation of purpose-driven innovation makes it a beacon, both in terms of illuminative capability and as a business model for future social enterprises. In conclusion, Waterlight's journey is a testament to how innovative solutions tailored to the world's pressing challenges can create significant social and economic impacts. As we continue to witness the evolution of Waterlight, one thing is clear – this isn't just about lighting up homes; it's about illuminating lives and inspiring a sustainable future.If you enjoyed this content, you’re in for a treat! Dive into our extensive repository of business model examples, where we’ve dissected and analyzed thousands of business strategies from top tech companies and innovative startups. Don’t miss out!