PROBLEM
Small farmers suffer financial loss due to rapidly fluctuating vegetable prices.
SOLUTION
Solar-powered cold rooms allow farmers to hold off selling until prices are favourable.
ABOUT THE COMPANY
About the company CoolCrop, a start-up in clean energy agricultural technology, helps farmers at the base of the pyramid realize opportunities for improving their productivity and incomes by creating solar-powered cold storage units that reduce crop waste and increase profits by preserving fresh crops. CoolCrop is working with these farmers and farmer collectives to create sustainable and efficient, on-farm solar cold storage which are owned and operated by farmers or collectives to store the perishable produce directly after harvest. Also, CoolCrop is developing a predictive market analytics app for the farmers which will provide them with a forecast of expected prices of the products in the nearby markets. The predictive analytics is based on the historical data of 5 to 10 years for the market prices of the product in the vicinity of the storage.
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