# Project Solar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/project-solar

- Industry: Renewable Energy
- Headquarters: Lehi, US
- Website: www.projectsolar.io
- Total disclosed funding: $18M
- Latest round: Series A (Jun 3, 2022)
- Investors on record: 1

## About

In 2020, the company was co-founded by Trevor Hiltbrand, who noticed the over pricing problem in the US, and together with Matthew Smith, an e-commerce background entrepreneur, they built a DIY installation system, which later became Project Solar. In 2022, the company raised USD 23 million in series A round of funding led by Left Lane Capital.

The company operates as an online solar panel installation service provider. It uses Q-Cells® black-on-black panels, Enphase® microinverters, and Iron Ridge® racking to build solar panels. Besides, the company also provides DIY service, which offers customer the basic equipment and materials to install a solar panel by themselves, but with a lower price. Specifically, the services are charged with different packages -- DIY for USD 1.19 to 1.4 per watt, Full Service for 1.54 to 1.75 per watt and Enphase Battery for 9,796 per installation. The company's customer service is a chatbot called Jeff.

Project Solar is on track to having 30 megawatts of solar installed this year, with the goal of installing 150 megawatts during 2023.

## Funding rounds

- Series A, Jun 3, 2022, $18M — Left Lane Capital

## Investors

- Left Lane Capital (https://capitalatlas.ai/funds/left-lane-capital) — Series A