Solvatten.org is a social enterprise and charitable foundation with a purpose-driven mission to provide hot, safe, and clean water to the vulnerable populations by harnessing the power of the sun.
Their Solar Safe Water System is a portable kit that cleanses water by using solar energy to heat it to 55degrees Celsius. This energy efficient product, which can last for seven years, eliminates the need for traditional methods, such as firewood and charcoal that not only pose health hazards to millions of people, but also contribute to deforestation and carbon emissions.
One of the greatest global challenges is access to clean water and the challenge increases rapidly along with the ongoing climate change. To meet this challenge, a lot is required from many, but above all collaborations, partnerships and innovative solutions are needed. Through Oliver Wyman's and Solvatten's collaboration, we will be able to make a concrete and direct difference to the families who are hit hardest todayOliwer Wadström, CEO, Solvatten
Currently, Solvatten's product is being used in more than 40 countries worldwide, benefiting more than 600,000 people and reducing 0.8 million tons of CO2 emissions. However, to expand their impact and reach more communities, Solvatten needed additional capital. Oliver Wyman assisted Solvatten in seeking investment by providing both strategic guidance and practical support in areas including market analysis, business case modeling, and producing a pitch presentation to potential investors.
It’s been a highly rewarding experience seeing how Oliver Wyman can combine three of our greatest passions – consulting, entrepreneurship, and sustainability. As a result of our work, our client is now in a great position to raise capital, allowing them to generate even more environmental and social benefitsSara Lemke, Partner, Oliver Wyman
The project, which spanned four weeks, involved two partners and a principal from Oliver Wyman, supported by an operational team consisting of a full-time project manager and one full-time consultant.
By assisting Solvatten with their funding strategy, Oliver Wyman has empowered the organization to generate more environmental and social benefits. The partnership between the consulting firm and the non-profit organization exemplifies the intersection of consulting, entrepreneurship and sustainability.
It has been rewarding to take part of a social impact project, both in regard to new learnings for me personally and the meaningful impact to a non-profit organization contributing to a sustainable developmentMagdalena Karlsson Nycander, Consultant, Oliver Wyman
Overall, Oliver Wyman has supported Solvatten in showcasing their investment case to potential investors and thereby seek additional capital required to expand their operations and make a greater difference in the lives of those affected by water scarcity and environmental challenges.