With the high cost of electricity in the Philippines and after becoming aware of the inefficiencies in working with one of the country’s electricity suppliers, John and his co-founder came up with the idea for their company, Exora. Exora is a technology platform that allows businesses to place their electricity profiles up for bidding, giving electricity suppliers the opportunity to put forward a proposal based on the business’ desired price range and contract details. John hopes that a platform like Exora will allow for more competition in the electricity market, hopefully driving prices down. A similar concept could be expanded to the household electricity market in the future.
2018, Asia Pacific, Global Finalist