Project Solar, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Project Solar, Inc. - overview
Established
2020
Location
Lehi, UT, US
Primary Industry
Renewable Energy
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.
Current Investors
Left Lane Capital
Primary Industry
Renewable Energy
Sub Industries
Solar Power, Energy Storage & Batteries
Website
www.projectsolar.io
Verticals
Artificial Intelligence, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.