Spotlight Deal: Wello WaterWheel
The case of the Wello WaterWheel, now listed on Maximpact’s Intermediary Portal, shows how fast a good idea can catch on, attracting enthusiastic users, collaborators and investors from an early stage.
WaterWheel is an innovative water delivery system that provides a way for people to transport large amounts of drinking water with much less effort. Rather than lugging heavy containers by hand, users push the WaterWheel’s 50 liter barrel in front of them using a convenient handle. The device was designed through an immersive, human-centered design process involving target users and experts in the field. The result is a robust, adaptable system that makes it easier for people, especially women and children, to convey needed water cleanly and efficiently, even over rough terrain.
The WaterWheel is designed to deliver more than water. By giving people easier access to potable water the device frees up valuable time, removes barriers that prevent children from going to school and empowers women to engage in more productive activities. The WaterWheel is also a potential income-generating tool for its target users, giving them a way to help lift their families out of poverty.
After nine months of extensive research and field testing,the latest model of the WaterWheel is now in production. Wasting no time in its efforts to get this technology into the hands of the people who need it, Wello is currently busy raising funding to deliver its technology on a broader scale. Investors have been quick to recognize the WaterWheel’s impact potential, both in social and financial terms: Wello is now just short of meeting its fundraising goals; yet it is still looking for funding to unlock a secured matching grant.
Wello is also using its Maximpact listing to reach out to collaborators. “We’re in the process of building Wello’s board right now,” says founder and CEO Cynthia Koenig. “We’d love to hear from people with expertise in the following fields: legal, finance and accounting, advertising and marketing, mechanical and industrial engineering, fundraising, and working with large international NGOs and other institutions. I’m also looking for business mentor who can provide high-level advice and guidance as we expand.”
For more information about WELLO, please login to Maximpact.com and visit the deal section.
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