# ME SOLshare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/me-solshare

- Industry: Renewable Energy
- Headquarters: Dhaka, Bangladesh
- Website: www.me-solshare.com
- Total disclosed funding: $1.7M
- Latest round: Series A (Jul 31, 2018)
- Investors on record: 3

## About

ME SOLshare Ltd. specializes in innovative energy solutions, enabling peer-to-peer electricity trading to enhance energy access for rural households in Bangladesh, improving their quality of life through reliable power supply.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. The founder, who has a history of entrepreneurship, led the firm through several funding rounds, including the most recent round in July 2020, where the company raised USD 1.10 mn from notable investors such as Impact Investment Exchange Asia, innogy New Ventures LLC, and Energias de Portugal. The total amount raised by the company amounts to USD 1.10 mn across 3 deals.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. Additionally, SOLshare has expanded its product offerings to include smart electric three-wheelers and commercial rooftop solar services, targeting markets beyond Bangladesh while continuing to focus on underserved areas.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. The company fosters partnerships with local stakeholders to enhance its service reach, creating a network of suppliers, investors, and customers. 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. The company’s revenue model is further supported by its partnerships, which enable collaborative projects aimed at expanding its impact and operational capacity in key geographical markets.In July 2020, ME SOLshare Ltd. raised USD 1.10 mn in venture funding, which will be utilized to enhance their platform and expand their market presence. 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.

## Funding rounds

- Series A, Jul 31, 2018, $1.7M — Energias de Portugal, Impact Investment Exchange Asia, innogy New Ventures LLC

## Investors

- Energias de Portugal — Series A
- Impact Investment Exchange Asia (https://capitalatlas.ai/funds/impact-investment-exchange-asia) — Series A
- innogy New Ventures LLC — Series A