Leading Nigerian hardware startup, Terahaptix has revealed ambitions to use technology to combat food shortages and improve agricultural production while exporting cutting-edge robotic equipment.
Terahaptix CEO’s statement
Co-founder and CEO of Terahaptix Nathan Nwachuku revealed the information in Abuja at the Robotics factory launch.
“Terahaptix plays a significant part in our current aim to speed automation in emerging countries. We are committed to developing affordable robotic systems to benefit other markets globally and automate Africa’s main sectors. We want to manufacture these systems here and export them worldwide,” Nwachuku declared.
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Terahaptix is redefining Nigeria’s industrial landscape by being the first significant hardware business to emerge in recent years.
Nwachuku emphasised the significance of this discovery in an industry that has historically been dominated by fintech and financial services firms.
We have been hearing about fintech and the financial industry for years. He clarified that Many people haven’t made significant investments in hardware and industrial firms.
We want to demonstrate to the world today that young Nigerians can build hardware, scale it up, and succeed in it.
According to Nwachuku, the company’s reach goes beyond Nigeria; Ghana is already scheduled to get one of its robotic systems for export.
“The company caters to clients in Nigeria, but most of its market is outside the country. He revealed that a startling 70% of the raw ingredients utilised in Terahaptix’s products are found locally, with the other 30% coming from imports.
He states that although Terahaptix functions without official government cooperation, it would be pleased to collaborate with the government to further its goals.
Terahaptix rakes in $1 million in seven months
Since its founding seven months ago, the company, according to Nwachukwu, has brought in over $1 million in revenue and signed contracts worth over $15 million with significant clients in Ghana and Nigeria’s mining, oil and gas, and construction sectors.
The business anticipates earning up to $2.5 million in sales by the end of the year, mostly from exports.
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Tech to address insecurity and protect farmers
While pointing out the enormous potential of Terahaptix’s technology in agriculture, cofounder Maxwell Maduka pointed out that the company’s most successful endeavours have involved safeguarding vital infrastructure, such as partnerships with North Power and a Ghanaian business that protects construction and oil assets.
“Products like the Archers are essential to our gearbox companies and other critical infrastructure,” he declared. With its four hours of aerial coverage, the man stated that this powerful surveillance system helps catch burglars before they can do any damage.
“With our systems, we hope to address inefficiencies and reduce insecurity while assisting farmers in feeling safe and optimising their output.”
In addition, Maduka emphasised that the company will only use local resources because it intends to hire forty engineers and technicians from Nigeria.
“When automation increases, inefficiencies decrease, and output is optimised. In addition to creating robots, we are attempting to combat insecurity and boost essential sectors, according to Maduka.