Solar AI uses a rent-to-own model for rooftop solar, offering three plans (a five-year plan with 50% down, a 10-year plan with zero upfront costs, and a traditional purchase) and covers maintenance and warranty during the contract period. Monthly fees for the rent-to-own plans are about $200, compared with average electricity bills of $250, allowing customers to start saving roughly $50 per month. Excess solar energy is exported to the grid and customers are paid by the grid operator (SP Group in Singapore). The company has served more than 100 customers and has surpassed $3 million SGD in signed rooftop solar contracts. Solar AI drives most sales through digital channels and organic search—about 80% of customer segments come from organic search and the rest from referrals—and claims top search rankings and higher web traffic versus local competitors. The startup was launched three years ago, was incubated through Engie Factory, and plans expansion into Malaysia and the Philippines (with Philippines expansion planned within the next 12 months).

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023