# Lemon LVM Renewable Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lemon-lvm-renewable-energy

- Industry: Electronics
- Headquarters: Sao Paulo, Brazil
- Website: www.lemon.energy
- Total disclosed funding: $11M
- Latest round: Series A (Jun 20, 2022)
- Investors on record: 3

## About

Lemon LVM Renewable Energy specializes in providing innovative solar energy solutions for businesses in Brazil, enabling them to reduce energy costs while promoting sustainability.Founded in 2019 and headquartered in Sao Paulo, Brazil, Lemon LVM Renewable Energy focuses on solar energy solutions for businesses. The company was co-founded by Ariel Amar, Luciano Pereira, and Rafael Vignoli, with Vignoli serving as CEO. In June 2022, the company raised BRL 60 million in Series A funding, led by Kaszek Ventures and supported by Lowercarbon Capital. The company has completed a total of 3 deals to date.Lemon Energia offers sustainable energy solutions primarily focused on providing solar energy for businesses in Brazil. Their core product enables clients to access energy generated from solar power without the need for upfront investments, as the company connects them to partner solar plants remotely. Clients, including various restaurants and cafes, benefit from a reduced overall energy cost, typically achieving savings of up to 15% on their monthly energy bills. The service includes features such as digital invoicing, easy payment options via PIX or boleto, consumption tracking, and insights on energy usage. Lemon Energia primarily serves commercial clients across multiple states in Brazil, allowing businesses to contribute to sustainability while improving their bottom lines.Lemon Energia generates revenue through a partnership model where clients pay for the solar energy consumed, which is facilitated by the company’s management of solar plant operations and coordination with local energy distributors. Customers are charged for the portion of their energy consumption sourced from solar power, while continuing to pay for any residual conventional energy usage to their local distributor. This dual billing structure ensures that businesses can capitalize on lower costs associated with solar energy while maintaining necessary connections to traditional energy sources. By leveraging a subscription-like model, Lemon Energia allows clients to access clean energy without significant upfront costs, fostering a sustainable relationship that benefits both the company and its customers.With the BRL 60 million raised in Series A funding in June 2022, Lemon LVM Renewable Energy plans to expand its solar energy product offerings, targeting new markets outside Brazil by 2025. The company is designing advanced energy management systems to enhance customer experience and operational efficiency. Additionally, Lemon Energia aims to establish partnerships in international markets to broaden its impact on sustainable energy.

## Funding rounds

- Series A, Jun 20, 2022, $11M — Kaszek Ventures, Lowercarbon Capital
- Seed, Oct 25, 2019 — Canary

## Investors

- Canary (https://capitalatlas.ai/funds/canary) — Seed
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series A