Poverty Alleviation
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Chototel One Ltd
Equity, Social Impact
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Social Impact:  International Development
Business Area: Homelessness, Social and Affordable Housing; Poverty Alleviation; Green and Clean Tech; Construction and Development; Real Estate; Environmental Sustainability
Established: 2015

Location: London, UK; Mumbai, India

Chototel One Ltd (Chototel) designs lowcost, high-tech buildings than can serve the accommodation needs of people who cannot afford to rent privately. Rooms in the first project, in Nagothane, near Mumbai, start at $2 a night, and can sleep up to four people. Utility bills are charged separately; however, these don’t cost more than $0.50 a day because the building is completely off-grid and uses renewable and sustainable forms of energy, such as solar power. Further cost savings are delivered by automating various hotel services via bots and a smartphone app. The business is globally scalable and plans are in place to expand into the UK and UAE. This report was produced for the Social Stock Exchange Annual Research Book 2017. It delivers an independent take on the Environmental, Social, Governance, as well as Economic performance of the members of the Social Stock Exchange.

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