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.