We The People (WTP) a trading name of Funded Global Pte Ltd is a product launch accelerator that owns a successful chain of retail stores across multiple countries which focus on the sale of crowdfunded products.
Funded Global has officially launched an ILO offering on the ILO Exchange (ILOCX). This strategic fundraise comes after today’s announcement that it is partnering with ConFlow Power, to develop power banks for use with phones, tablets, and laptops that will recharge itself utilising electrons present in the atmosphere, potentially bringing limitless power to mobile devices.
The power bank market is predicted to be USD 27.75 billion by 2025 with a CAGR at 18.4% per annum on a recent report by Bloomberg.
WTP has entered into collaboration with ConFlow Power to launch its first product utilising this ground-breaking technology that draws power from the atmosphere. The license is contingent upon ConFlow Power completing the safety testing with laboratories in the UK and USA and delivering a safety certified device in an appropriate format for insertion into a Power Bank.
This comes shortly after PM Group, a top tier conglomerate from Thailand, recently acquiring a strategic licensing deal for the ConFlow Power technology after much due diligence and testing. Observers report irrespective of how many times the device was discharged, it never failed to recharge itself.
“We’re excited to work with Funded Global and their key brand We The People, a leader in selling crowdfunded products. It is a great compliment to the ILO Exchange and our belief that Collaborative Capital is the future of finance. In addition, we are excited to partner with them on their new product line which will introduce ConFlow Power technology to a retail market,” says Edward Fitzpatrick, CEO ILOCX.
WTP plans to launch the power bank product, co-branded with ConFlow Power through crowdfunding platforms as they have built relationships with crowdfunding groups and major players around the world. This will assist in raising capital for products through partners in the USA, Singapore, Japan, and South Korea. Sample units will of course be available at all WTP Stores.
“We’re all about saving the environment here, and with this partnership, we know we can drive a great positive change for the world. The funds we raise will be deployed to support WTP’s distribution channels to get these power banks widely available,” says Jay Kang, CEO of We The People.