San Diego, United States
CollectiveSun is a finance startup based in the United States, established in 2011. Their mission, as encapsulated in their slogan, is to help nonprofit and tax-exempt organizations across the nation to finance their solar projects. Their approach is novel, driven by the belief that these organizations should have access to clean, renewable energy. The unique selling point of this company lies in its expert team who comprehensively understand the financial challenges and obstacles encountered by nonprofits and tax-exempt organizations.
Their financing model is particularly innovative as it deploys interest rates based on the community impact of projects, rather than traditional credit scores. By tailoring their programs to the specific needs of nonprofits such as houses of worship, schools, arts and community centers, CollectiveSun aims to support these entities in achieving financial and environmental sustainability.
The company received a Non Equity Assistance investment on 01 May 2015 from EvoNexus, underscoring the confidence placed in their model and vision. By offering a financial lifeline to organizations pursuing solar and storage projects, CollectiveSun is not only fostering environmental sustainability but also empowering these nonprofits to make a lasting impact on their communities.
