# SmartSolar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartsolar

- Industry: Renewable Energy
- Headquarters: Ho Chi Minh City, Vietnam
- Website: www.smartsolar.com.vn
- Total disclosed funding: $1.9M
- Latest round: Seed (Mar 3, 2025)
- Investors on record: 3

## About

SmartSolar provides innovative solar energy solutions for residential and commercial clients in Vietnam, specializing in rooftop solar panel installations tailored to individual energy needs.Founded in 2024, SmartSolar focuses on solar energy solutions, helping clients transition to renewable sources. The company is headquartered in Ho Chi Minh City, Vietnam. In March 2026, SmartSolar raised USD 3.15 million in venture debt funding. The founder's background details are currently unavailable. SmartSolar specializes in providing solar energy solutions for residential and commercial clients in Vietnam, focusing on the installation of rooftop solar panel systems. Their core service includes a seamless evaluation process where homeowners input their property details into an online calculator to receive automated quotes, allowing for tailored solar energy solutions based on individual electricity consumption patterns and roof configuration. SmartSolar's offerings cater to various customer segments, including families, small businesses, and larger facilities such as warehouses and farms, effectively addressing common energy challenges like high electricity bills and dependency on conventional power sources. The company employs a comprehensive approach by partnering with reputable solar panel installation teams to ensure high-quality service delivery, with a commitment to ongoing operational support for up to 25 years. Currently, SmartSolar operates nationwide across Vietnam, with plans for future expansion into other Southeast Asian markets.SmartSolar generates revenue primarily through the installation of solar energy systems, structured around a model that minimizes upfront costs for customers. This model allows clients to pay a low monthly fee that is often lower than their previous electricity bills, facilitating immediate savings. The transaction structure is characterized by direct-to-consumer interactions, where customers receive personalized assessments and quotes, resulting in a straightforward commitment to the installation of solar systems without significant initial investments. SmartSolar's flagship offering includes various solar power configurations, such as 9.1 kW systems for residential use and 60 kW systems for larger commercial entities, ensuring a wide range of options to meet differing energy demands. This transactional approach not only enhances customer acquisition but also fosters long-term relationships through continuous support and maintenance of installed systems. The company plans to utilize the March 2026 funding to support small and medium businesses in handling increasing electricity expenses by offering easy-to-access solar financing options.

## Funding rounds

- Seed, Mar 3, 2025, $1.9M — Picus Capital, Iterative, 2degrees

## Investors

- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Seed
- Iterative (https://capitalatlas.ai/funds/iterative) — Seed
- 2degrees (https://capitalatlas.ai/funds/2degrees) — Seed