Wirewatt
A sustainable online finance company for green renovation and eco-technology projects in homes and small businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
$4.0m | Early VC | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 25 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Founded in 2014 by Joel Garcia Galan, Wirewatt operated as a distributed solar energy project developer based in Monterrey, Mexico. The company functioned as an Independent Power Producer (IPP), focusing on the residential sector.
Wirewatt's business model centered on installing rooftop solar projects for homeowners with no upfront payment. Customers would then pay for the system over time based on the power it generated. Upon completion of the payments, the customer would own the solar plant, theoretically providing them with free electricity thereafter. This approach aimed to make residential solar energy more accessible by removing the initial high capital expenditure for homeowners. The company also offered solar lease financing.
In January 2015, Wirewatt secured $22,700 in a Seed funding round from the accelerator Rockstart. According to public data, the company is no longer active.
Keywords: solar developer, independent power producer, residential solar, solar financing, rooftop solar projects, solar lease financing, solar-as-a-service, Joel Garcia Galan, Rockstart, Monterrey startup