National First prize winner

NyQuest Innovation Labs Private Limited

Connects any UPS systems to solar PV at lowest CAPEX


We are a startup in clean tech from India. We have developed a product iCON, an intelligent converter that can connect any Uninterrupted Power Supply systems (UPS) to solar PV, seamlessly. We are in the D2C market. iCON with 1kW PV will be installed to the customer for $546. Our beachhead market is SME customers in south India which has 2.5 million potential SME customers. ICON helps to reduce the electricity bill and provide extended backup for our customers. Our competitive advantage is that the payback period of iCON is half compared to competition. We have a total revenue of 2,20,000 dollars from our early adopters. We are aiming to make a profit of nine hundred thousand dollars in the next one year on a sale of above half a million dollars.

Quick facts

  • 2021 Participant
    Year of participation
  • Sustainable Production Systems
  • India
  • € 220k
  • € 190.7k
  • 11
  • 112

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  • Vinod Gopal-CEO, Lakshmi Nambiar-COO, Akhil S-CTO, Harsh Mohan- CFO, Kiran S - Deployment Head,

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