SolarGridX is a crowd-investing platform that lets people buy/sell fractional digital ownership of Solar Panels starting at $6 and earn up to 15% ROI from consumers who use their funding to put up solar panels.
TypeStartup or self-employed
FoundersHardik Bhatia, Prasanth Konda; Devansh Shah
The key reason for the slow adoption of Solar Energy is the high upfront installation costs, which can take up to 8 years to make up for. Renewables need to scale up significantly to reverse the effects of climate change. SolarGridX is a crowd-investing platform that lets people buy/sell fractional digital ownership of Solar Panels starting at $6 and earn upto 15% ROI from consumers who use their funding to put up solar panels.The ownership of solar panels is sold in the form of digital tokens on the basis of area,
1 Solar Cell = 1 SGX Token( Which is just a fraction of Solar Panel),
Just like you buy shares of a company from a stock exchange, you buy tokens from our exchange platform which gives users digital ownership of solar panels. By not physically owning solar panels and getting electricity benefits, we will be using their funding to install solar panels at feasible locations at zero-cost for consumers, electricity generated by those solar panels is sold to consumers at pay-per-kWh basis at a cheaper rate than conventional source with Power Purchase Agreements (PPA’s) and returns flow back to SGX holders, making it an attractive investment.
SolarGridX is first to market in enabling solar panels to be an exchange-traded investment commodity for retail investors, making it an attractive & affordable investment.SolarGridX lets anyone wishing to see their wealth increase whilst doing good, invest their money so that community centres, schools, businesses, factories and even whole neighbourhoods can achieve their goals of going solar and reducing running costs.