# SolarOne Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solarone-solutions

- Industry: Renewable Energy
- Headquarters: Needham, US
- Website: www.solarone.net
- Total disclosed funding: $1.5M
- Latest round: Series B (Apr 4, 2008)
- Investors on record: 2

## About

SolarOne Solutions Inc. is a provider of innovative solar street lighting solutions, focusing on reducing energy costs and environmental impact through advanced photovoltaic technology.Founded in 2004 in Needham, US, SolarOne Solutions Inc. specializes in solar street lighting systems. The founder, Norberto Da Costa, has a history of entrepreneurial endeavors. The company raised its latest funding of USD 1.50 mn during a Series B round on April 4, 2008, led by FreshTracks Capital, bringing the total amount raised to USD 1.50 mn and a current valuation of USD 7.634 mn.SolarOne Solutions Inc. specializes in advanced solar street lighting solutions designed to overcome challenges associated with traditional systems, such as high maintenance and installation complexities. Their offerings include autonomous solar street lights that utilize photovoltaic technology, catering to municipalities, federal facilities, commercial properties, and Native American tribes. These products are deployed across the US, enhancing safety and sustainability in areas like roadways and parks.SolarOne Solutions Inc. generates revenue through direct B2B sales of its solar lighting systems to businesses and government entities in the U.S. Their transactions include design consultations, installation support, and ongoing maintenance, all of which enhance customer value. The revenue model focuses on significant upfront investments, promising long-term savings on energy and maintenance costs, particularly with products like the SmartLight solar street lights.The company plans to leverage its recent funding to enhance product development, including launching new solar lighting products designed for urban environments by 2009. SolarOne also aims to expand its market reach further into the Midwest and Southwest regions of the U.S. by the end of 2009, capitalizing on the increasing demand for sustainable energy solutions.

## Funding rounds

- Series B, Apr 4, 2008, $1.5M — TSG Equity Partners, FreshTracks Capital
- Series A, Jan 10, 2007 — TSG Equity Partners

## Investors

- TSG Equity Partners (https://capitalatlas.ai/funds/tsg-equity-partners) — Series A, Series B
- FreshTracks Capital (https://capitalatlas.ai/funds/freshtracks-capital) — Series B