Grupo LUXUN
Financed clean energy solutions for Mexican businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $43.0m | Growth Equity VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Grupo LUXUN is a Mexican renewable energy company that provides end-to-end clean energy solutions, primarily for commercial and industrial clients, without requiring upfront capital investment from them. The company was founded in 2018 by Diego Ayala and Jorge Gandar, who met in a class at Tec de Monterrey and decided to create a venture to reduce solar energy costs. Juan Carlos Díaz-Bernard Zubiria later joined as Chief Financial Officer.
The company's business model is centered around eliminating the financial barriers to solar adoption for businesses. It achieves this through financing mechanisms like Power Purchase Agreements (PPAs) and leasing models, where LUXUN installs and maintains photovoltaic systems on the client's property at no initial cost. The client then purchases the generated energy at a rate guaranteed to be lower than traditional utility costs. This approach allows businesses to reduce their carbon footprint and achieve energy savings from the start. Grupo LUXUN handles the entire process, from analysis and proposal to installation, operation, and maintenance.
LUXUN offers several solutions, including solar panel installations for distributed generation, energy storage systems (BESS), and microgrids that combine both technologies for greater energy independence. To optimize performance, the company utilizes a proprietary platform with artificial intelligence and machine learning to monitor, manage, and analyze the energy systems 24/7, providing clients with detailed performance reports. The company has secured significant funding to support its growth, including a $43 million investment from the Subnational Climate Fund (SCF) and long-term debt facilities from MONEX Grupo Financiero, surpassing $1 billion pesos in available financing for distributed generation projects. Its client portfolio includes major names like Cinemex, Waldo's, UDEM, and Vinoteca.
Keywords: solar energy financing, clean energy solutions, Power Purchase Agreement, PPA, distributed generation, commercial solar, industrial solar, energy storage, BESS, no-investment solar, asset management, renewable energy Mexico, solar panel leasing, microgrids, photovoltaic systems, energy efficiency, sustainable energy, project financing, ESG, CO2 reduction