Member - solargridx.org

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.

Type Startup or self-employed
Founded 2017
Company Size 4
Member Type
innovator
Founders Hardik Bhatia, Prasanth Konda; Devansh Shah
Headquarters تأجير ملاعب - Dubai - United Arab Emirates
Social network
solargridx.org

About

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.
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Headquarters تأجير ملاعب - Dubai - United Arab Emirates

SDG’s of application

The Sustainable Development Goals are a call to action to end poverty, protect the planet and ensure peace and prosperity everywhere.
SDG 6
Clean water and sanitation
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SDG 7
Affordable and clean energy
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SDG 9
Industry, innovation and infrastructure
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SDG 11
Sustainable cities and communities
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SDG 12
Responsible consumption and production
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. To validate the Membership to the World Alliance for Efficient Solutions, the Solar Impulse Foundation only verifies that each entity is registered and has signed our principles and values stated in the following World Alliance for Efficient Solutions charter. For those Members who are also solution providers, this information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.