Olubanjo Olugbenga (Olu) is the Founder & CEO of Reeddi and a MASc (Master of Applied Science) Graduate of Civil Engineering at the University of Toronto.
Reeddi’s mission is to bridge the gap of accessibility through limitless and sustainable innovation. Reeddi’s award winning innovation, the Reeddi Capsule leverages its proprietary hardware-as-a service model to provide clean, reliable, and affordable electricity to individuals, households, and businesses operating in the energy-poor regions of the world.
Reeddi Capsule currently serves more than 600 combined households and businesses monthly in Nigeria and have been recognized by organizations including MIT, Stanford, Cisco, IEEE (Institute of Electrical and Electronics Engineer), and ASME (American Society of Mechanical Engineers), World Energy Council, and the German Energy Agency.
The Reeddi Capsule was recently announced as one of Prince William's 1 million pounds prestigious EarthShot Prize 15 finalists. The Innovation was also recently named one of Time’s (Time Magazine) Best Invention of 2021.
Olu was awarded the John Wesley J. Hall Award for Excellence in Entrepreneurship at the University of Toronto Black Graduation Celebration. He also received the University of Toronto 2019 Social Innovation Award. In addition, he was one of the ten outstanding entrepreneurs selected as a BP OneYoungWorld Advancing Energy Scholarship for his innovative approach to business and obsession with social & environmental impact.
Beyond his startup, Olu has proffered innovative solutions to companies and Industry leaders. He was awarded a Distinction Award by Fashion Zone in Ryerson University for his innovative solution proposed to Oxford Properties Group, Canada.
Olu has a keen interest in using entrepreneurship for social and environmental impact. He was the former Co-chairs of the Massey College Entrepreneurship Committee and Massey College Community Service Committee.
A life mission he holds dearly, Olu constantly seeks to make a globally beneficial social, environmental, and economic impact with technology and market-creating innovations.