We love the warmth and beauty of Hawaii as much as anyone. That’s just one of many reasons we’re excited to be part of the 2015 class of the Energy Excelerator, a novel startup program in Honolulu devoted to "high quality energy entrepreneurs" and their innovations.
Along with $5M in funding for the selected 17 startups, the Energy Excelerator will provide valuable guidance as we and our classmates expand our markets and advance sustainable consumption. Hawaii presents a special challenge and opportunity for Bandwagon: in terms of traffic congestion, Honolulu is often ranked last among U.S. cities, alongside L.A.
“Bandwagon is excited to get to Hawaii and start hacking on new traffic congestion and pollution problems, and to dig into the airport and event markets from Honolulu to Beijing,“ says David, our CEO.
"Anybody who flies into Honolulu and drives into town—heading to Waikiki, for example—you are immediately struck by the H-1 freeway, seven lanes of traffic going in the same direction,” Dan Grabauskas, executive director and CEO of the Honolulu Authority for Rapid Transportation (HART), told CityLab. “And if you land at rush hour, it’s a standstill. It surprises people when they come here, to see how much congestion we face."
The firms involved come from across the spectrum: transportation, agriculture, water, energy efficiency, grid, and resilience.
“We saw a huge jump in the quality of companies applying to our program, with 85 percent having already raised external funding,” says Dawn Lippert, Director of the Energy Excelerator. “Beyond the high level trends, we get to see how emerging energy companies have structured their businesses and how they are targeting the market. We’re looking for where their approach to the market matches the pain points we hear from our public and private sector partners.”
Last year, the Energy Excelerator received a multi-year $30M commitment from the U.S. Navy’s Office of Naval Research to support the commercialization of game-changing clean energy technologies. These new companies double the size of the Energy Excelerator portfolio, who have gone on to raise over $55M of follow-on funding.
You can check out our entire Energy Excelerator 2015 class below:
Bandwagon connects passengers to share rides and taxi fares through their mobile app.
Bidgely tells homeowners how much energy each appliance uses by extracting energy signatures - without the need for lots of hardware sensors.
BrightBox Technologies improves HVAC performance and comfort, and lowers operating costs, through optimization software.
BrightLight Systems combines energy efficient lighting and automation.
Edisun Heliostats develops low cost concentrated solar power with built-in storage using rocks as a storage medium.
Effortless Energy offers free home energy upgrades at no cost to customers.
GoEffortless.com | @goeffortless
FreeWire Technologies combines robotics and energy storage to create a network of mobile electric vehicle chargers.
Go Electric delivers the next generation of microgrids for facilities that need to attach or detach to utility power at a moment’s notice.
Infinite Invention supports the integration of solar on the electric grid through plug-and-play solar connection and control.
Kunoa Cattle Company enables large-scale local food production powered by renewables.
kWh Analytics reduces financial risk and enables solar financing through analysis of asset performance.
kwhanalytics.com | @kwhanalytics
Prota Culture produces biodiesel and animal feed from organic waste.
Rebound Technology turns supermarket freezers into batteries.
Ridescout aggregates public, private, and social transportation options into one mobile app.
Shifted Energy creates a virtual power plant of electric water heaters to store excess renewable energy and deliver demand response.
Spider9 develops smart controllers that make large battery systems more reliable and profitable.
TransitScreen synthesizes all sustainable transportation options in real time into one screen.