British-Pakistani gets $1.2 mln for reinventing the light switch using an app
A British-Pakistani young man has scored an investment of $1.2 million for a project he initially thought of while he was in school.
Yasir Khattak, 21, CEO of Den made a switch and socket that can be turned on and off through a smartphone app. He came up with the idea one night in 2011 while he was studying for his GCSEs, according to his company’s website.
“Our mission has always been to create products for the world that are both intelligent and considerate of our environment. We want to create a more energy efficient world and through the work we do at Den, we truly believe that we can make this a reality,” a statement on Den’s website read.
Their app can also calculate the amount of electricity consumed and inform the user of necessary safety precautions. The advanced home system can save energy and even send safety notifications via an app.
So far, the company has been able to raise £1,867,964 for 18.91 percent equity on Seedrs, an equity crowdfunding company.