Before joining the world of fitness, Fabrice Vernay worked in the renewable energy sector, and more precisely in the field of photovoltaics, at Engie until 2019. “As a fitness enthusiast and gym patron, I have long felt confused and incomprehensible about the waste of energy produced by all these fitness machines. From that moment on, I decided to work on a system that would save him. “Today, I continue to produce renewable energy, but I replaced the panels with a bicycle.”explains Fabrice Vernay.
At the time, the future president and co-founder of Wattsgood saw sports as a real lever to raise awareness of transition and energy sobriety issues because of its universal and unifying aspect. “It was born from there experience Wattsgood, which will be experienced on electricity-generating cardio exercise equipment, will be experienced through an application where you can track performance data such as speed, virtual distance traveled, as well as data on the production of “energy produced by physical activity” according to different exercises. with temporality and the very important concept of gamification, individually or collectively, and the struggle to involve as many people as possible.”continues Fabrice Vernay.
From kinetic energy to renewable electricity
The equipment developed by Wattsgood includes technology that converts the kinetic energy produced by pedaling into electricity. Electricity that is renewable in nature. Devices connected to an outlet inject the generated energy directly into the network of the building in which they are installed.
“Our first product, the Good Trainer, is a device on which you mount a traditional road bike with the rear wheel removed.”, describes Fabrice Vernay. Originally marketed to companies, communities, educational institutions – for quality of life improvement, team building sessions or CSR awareness inquiries – Wattsgood equipment and experience are now aimed at the consumer market.
“Concerned with embedding our project within a social and solidarity economic model, we transformed the Good Trainer into the Good Generator to move towards a spinning bike more like those found in the gym. In the retrofit operation, we installed our technological brick on the existing equipment that we renewed to create more impact. And for good reason, it’s a huge market.”Fabrice Vernay rejoices.
Sales expansion will come
Business traction is real. There are at least 11 million pieces of fitness equipment worldwide, and France is home to 6,000 gyms.
With its solution, Wattsgood gives gym managers the opportunity to extend the life of their equipment and produce some of their energy locally. If these two reasons are enough to adopt the system, Fabrice Vernay believes that the Wattsgood experience creates loyalty among a room’s customers and even expands their base, especially due to their typology. “The gym’s customers are generally young, ecologically sensitive people. They will increasingly demand greater commitment from a sector that is still energy-intensive. Genae Fitness Club, the first gym we worked with, is a pioneer of the positive impact approach. And the enthusiasm is real. We are currently in talks with many large groups. »
The proof is that the first British startup and the second Canadian startup had the same idea. What’s more, the Ile-de-France startup announced its partnership with Fitex Paris a week ago, as it expects Good Generator to be available for the many theaters that have expressed interest. canadian society Off The Grid to distribute the electricity-generating cardio exercise bike throughout France.
Whattsgood wants to raise new funds
After receiving subsidies from BPIfrance and the City of Paris and entering the capital of Engie’s impact fund and the first crowdfunding campaign of 100,000 euros on Wedogood in 2020, Wattsgood is once again raising funds to realize his big project. Scale refresh process.
“Our fundraising efforts will take place in two phases. Currently, between 100,000 and 200,000 workers have been removed today via a bridge. crowdfunding campaign – always at Wedogood – and the involvement of business angels solidifies our support. This will be supplemented by a second fundraising of 1.5 million, mostly equity, in the first quarter of 2024.It details Wattsgood’s president and co-founder.