ME SOLshare
Latest round
- Series A
Last raised
- Jul 2018
Total raised
- $1.7M
Investors
- 3
About ME SOLshare
ME SOLshare Ltd.ME SOLshare Ltd. was founded in 2015 in Dhaka, Bangladesh. The company facilitates peer-to-peer electricity trading, providing a platform for rural households to buy and sell surplus electricity.SOLshare primarily offers innovative energy solutions through its flagship platform, SOLbazaar, which enables peer-to-peer electricity trading among rural households in Bangladesh. The company's technology facilitates efficient energy distribution by allowing users, both with and without Solar Home Systems, to buy and sell surplus electricity. This model addresses the energy access challenges faced by vulnerable communities, aiming to enhance their quality of life through reliable electricity. SOLshare's services are tailored to individual consumers, small businesses, and the broader community, creating an interconnected ecosystem that supports sustainable energy use.Revenue generation for SOLshare is centered around its innovative peer-to-peer trading model, which operates on a transactional basis where users engage in buying and selling electricity. Through the SOLbazaar platform, transactions occur directly between consumers, with pricing often determined by the amount of electricity traded and the prevailing rates set by the market. SOLshare's business structure includes B2C transactions as households engage with the platform to access affordable energy solutions.In July 2020, ME SOLshare Ltd. The company plans to launch new products, including advanced smart electric three-wheelers and commercial rooftop solar solutions, targeting markets beyond Bangladesh to further increase energy access. SOLshare aims to enter new geographic regions by 2023, broadening their outreach and impact on underserved communities.
Who invested in ME SOLshare
3 investors across 1 round
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Funding rounds
Series A
Jul 31, 2018
Amount
$1.7M
Investors
Questions about ME SOLshare
Who invested in ME SOLshare?
ME SOLshare has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ME SOLshare raised?
ME SOLshare has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did ME SOLshare last raise money?
ME SOLshare's most recent round on record is a Series A, in Jul 2018.
What does ME SOLshare do?
ME SOLshare is a renewable energy company.
Where is ME SOLshare headquartered?
ME SOLshare is headquartered in Dhaka, Bangladesh.
Which VCs invest in companies like ME SOLshare?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back renewable energy companies at ME SOLshare's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series A
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