SolarworX
Developing second generation, highly innovative off-grid products like modular Solar Home and Business Systems and distribute them via local partners.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
€1.0m | Series A | ||
| Total Funding | 000k | ||
| EUR | 2020 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
Solarworx is a company dedicated to providing reliable, affordable, and sustainable solar energy solutions, primarily targeting rural entrepreneurs and private households in emerging countries. Operating in the renewable energy market, Solarworx focuses on scalable solar energy systems that can grow with the needs of its users. The company’s core product is a DC microgrid that connects people and allows them to share energy, significantly reducing electricity expenses compared to traditional diesel-powered solutions. Solarworx also offers submersible water pumps for field irrigation, capable of delivering around 2500 liters per day with an 80Wh system, which can be scaled up with multiple systems in stack combinations. The business model revolves around selling these solar energy systems and related products, generating revenue through direct sales to end-users and possibly through partnerships with local distributors. By leveraging professional experience in off-grid energy and management, Solarworx aims to enhance energy access and promote sustainable development in underserved regions.
Keywords: scalable solar energy, rural entrepreneurs, private households, DC microgrid, energy sharing, sustainable development, off-grid energy, field irrigation, renewable energy, emerging countries.