SOLshare logo — company profile

SOLshare

Founded 2015 51-200 employees Venture round Total: $2.76M Energy, Renewable Energy

General Information

Company Name SOLshare
Founded Year 2015
Employees 51-200
Industries Energy, Renewable Energy
Funding Stage Venture round
Social

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About SOLshare

SOLshare is a startup founded in 2015 with a focus on providing sustainable and affordable energy access to low-income rural communities. Through their decentralized peer-to-peer microgrids, they offer solar power to households and businesses, enabling them to trade excess electricity for profit. The company's innovative approach revolves around the use of distributed ledger technology to create peer-to-peer solar energy trading platforms. This technology is at the core of their operations, allowing them to make solar electricity accessible to everyone in Bangladesh and beyond. SOLshare's impact goes beyond their immediate market, as they aim to shape the future of utilities globally. Their pioneering micro-energy transition model involves interconnecting solar home systems in peer-to-peer networks, monetizing excess solar energy in real-time using mobile money, and empowering communities to earn a direct income from solar power. The company's latest milestone was a $1.10M Venture Round investment on July 5, 2020, led by EDP Ventures, Innogy Ventures, SBK, and IIX Impact Partners. This investment underscores the confidence of these well-established investors in SOLshare's vision and potential impact on the energy and renewable energy industries.

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $1.10M 4
EDP Ventures, Innogy Ventures +2
05 Jul 2020
Venture Round Undisclosed 1
Sangam Ventures
01 Jan 2019
Series A $1.66M 3
EDP Ventures, Innogy Ventures +1
28 Sep 2018

SOLshare Alternatives & Competitors

View All Alternatives
SOLshare vs
Okra Solar
Okra Solar Australia

Hardware & Software for Last Mile Energy Access | #PowerToThePeople #MeshGrids

Series A
44 employees
Energy, IoT
SOLshare vs
Petra Systems, Inc.
Petra Systems, Inc. United States

Petra Systems is a leading global technology provider for the renewable energy, energy efficiency, a...

Series B
27 employees
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SOLshare vs

We’ve moved to https://www.linkedin.com/company/enphase-energy Please follow us there.

Acquired
6 employees
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FAQ About SOLshare

Sustainable, affordable energy access for low-income rural communities is achievable today. Their decentralized peer-to-peer microgrids provide solar power to households and businesses, enabling them to trade excess electricity for profit. SOLshare introduces an innovative approach to making solar...
SOLshare was founded in 2015.
SOLshare operates in Energy and Renewable Energy.
SOLshare has approximately 51-200 employees.
SOLshare has completed 3 funding rounds, raising a total of $2.76M. The latest funding stage is Venture round.
Top alternatives and competitors to SOLshare include Okra Solar, Petra Systems, Inc., GreenCom Networks, Kanoda Energy Systems Pvt. Ltd.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SOLshare and Okra Solar are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SOLshare, https://bouncewatch.com/company/solshare, updated 11 September 2024. When citing, please name BounceWatch and link this page.

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