# Optivolt Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/optivolt-labs

- Industry: Renewable Energy
- Headquarters: San Mateo, US
- Website: www.optivolt.com
- Total disclosed funding: $8.2M
- Latest round: Seed (May 17, 2022)
- Investors on record: 4

## About

Optivolt Labs, Inc. is a provider of innovative solar energy solutions, focusing on enhancing energy efficiency and sustainability through high-performance solar panels and energy management technology.Founded in 2017 in San Mateo, US, Optivolt Labs, Inc. specializes in advanced solar energy technology. The company was established by Daniel Kofman, Rohit Kalyanpur, and Sriram Raghu. Rohit Kalyanpur currently serves as CEO. Optivolt has completed 4 funding deals, with the most recent being a Seed round in May 2022, raising USD 8.2 mn led by Atlas Innovate, alongside other investors such as City Light Capital, Pure Venture Partners, and Social Impact Capital.Optivolt specializes in advanced solar energy solutions designed to enhance energy efficiency and sustainability for a diverse range of applications. The company's core offerings include high-efficiency solar panels, integrated energy storage systems, and smart energy management software. These products cater to the growing demand for renewable energy sources, particularly in commercial and residential sectors, primarily serving markets in North America, Europe, and parts of Asia.Optivolt’s revenue model is structured around direct sales of its solar energy products, along with service agreements for installation and maintenance. The company engages in Business-to-Business transactions, partnering with retailers and commercial enterprises to provide comprehensive energy solutions through multi-year contracts, thereby ensuring recurring revenue through maintenance agreements.Following the recent Seed funding round in May 2022, Optivolt Labs, Inc. plans to expand its product line with new solar energy technologies set to launch by the end of 2023. The company aims to penetrate additional markets in Asia and Europe by 2025, leveraging the USD 8.2 mn raised to scale operations and enhance technology development.

## Funding rounds

- Seed, May 17, 2022, $8.2M — City Light Capital, Pure Venture Partners, Social Impact Capital, Atlas Innovate

## Investors

- City Light Capital (https://capitalatlas.ai/funds/city-light-capital) — Seed
- Pure Venture Partners — Seed
- Social Impact Capital (https://capitalatlas.ai/funds/social-impact-capital) — Seed
- Atlas Innovate (https://capitalatlas.ai/funds/atlas-innovate) — Seed