
BeON
A developer and manufacturer of industry-leading microinverters and pioneering plug and play complete solar kits.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor | €0.0 | round | |
€15.0k | Grant | ||
Total Funding | 000k |
EUR | 2016 | 2017 | 2018 | 2019 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | 215 % | (46 %) | 48 % | 76 % | - | 21 % | (32 %) |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | 4 % | 15 % | (24 %) | 4 % | - | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | 3 % | 11 % | (25 %) | 3 % | 1 % | 11 % | 11 % |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
BeON, operating as BeMicro, is a Portuguese company established in 2009 by co-founders Rui Rodrigues and Jose Marcal. It specializes in the development and manufacturing of microinverters for the solar industry, positioning itself within the rapidly growing microinverter market, which is projected to expand significantly by 2035. The company primarily targets the residential and commercial solar markets with a business model centered on producing accessible and reliable solar energy solutions. Revenue is generated through the sale of its microinverter products and complete do-it-yourself solar kits.
The company's flagship offering is the BeON ECO microinverter, a device that converts DC electricity from a single solar panel into grid-compliant AC electricity. A key feature is its plug-and-play design, which allows consumers to install a solar system by simply plugging it into a standard wall socket, making solar energy generation more accessible. BeON's patented technology utilizes 40% fewer components than competing brands, which enhances the product's reliability. The microinverters are designed for individual panel-level Maximum Power Point Tracking (MPPT), which optimizes energy production even if some panels are affected by shade or dirt, potentially increasing power output by up to 25% compared to systems with conventional string inverters. The products are noted for their durability, with a 25-year warranty and an IP68 weatherproof rating, signifying they can operate even when submerged in water.
BeON has received funding across several rounds, including grants from entities like the European Union, EIT InnoEnergy, and EDP Starter, which incubated the company. CEO Rui Rodrigues, who has a PhD in electronics reliability, leveraged his technical background to create a product focused on durability, even overseeing manufacturing processes himself in the early stages. The firm's approach is to provide an affordable system for self-consumption, allowing users to reduce their electricity bills without complex installations. The DIY solar kits include a solar panel, the microinverter, a mounting frame, and cables, designed for a quick setup process. Keywords: microinverter, plug and play solar, BeON ECO, residential solar, solar panel electronics, DC to AC converter, energy self-consumption, Rui Rodrigues, BeMicro, solar energy management, IP68 waterproof inverter, European solar technology, DIY solar kit, Maximum Power Point Tracking, MPPT, module-level power electronics, grid-tied inverter, alternative to string inverters, solar components, smart energy solutions