# SolarGaps

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

- Industry: Renewable Energy
- Headquarters: Kyiv, Ukraine
- Website: www.solargaps.com
- Total disclosed funding: $0M
- Latest round: Seed (Aug 7, 2017)
- Investors on record: 2

## About

SolarGaps Inc. is a Ukrainian company specializing in innovative smart blinds that integrate solar panels, providing energy generation and shading solutions for residential and commercial properties.Founded in 2015 in Kyiv, Ukraine, SolarGaps Inc. develops smart blinds that generate renewable energy while reducing indoor temperatures. The company has secured funding through 4 deals, with the most recent funding round being a Grant of EUR 1 million from Horizon 2020 in April 2019. The CEO of the company is Eugene Erik.SolarGaps specializes in innovative smart blinds that integrate solar panels, allowing users to generate renewable energy while effectively reducing indoor temperatures. The SolarGaps smart blinds are installed externally on buildings and can produce approximately 100Wh per square meter in sunny conditions, making it feasible to charge electronic devices such as smartphones and laptops. The product targets both residential and commercial property owners, particularly those without rooftop solar access, expanding the market for sustainable energy solutions across the United States, Europe, and other regions prioritizing renewable energy initiatives.In the most recent year, 2020, SolarGaps reported revenue of EUR 53,468.70 and an EBITDA of EUR 999. The company's revenue model is based on the sale of their smart blinds, with potential ongoing revenue through partnerships and government-supported green loans.SolarGaps Inc. plans to leverage the EUR 1 million in Grant funding received in April 2019 to support the development of new products and expand into new markets. The company is focused on enhancing its product line, specifically targeting the launch of upgraded smart blinds, while aiming to enter additional geographic regions by 2022, including expanding efforts in North America and specific countries in Europe.

## Funding rounds

- Seed, Aug 7, 2017 — SOSV
- Seed, Jul 7, 2016, $0M — IoT Hub

## Investors

- IoT Hub (https://capitalatlas.ai/funds/iot-hub) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed