ME SOLshare Ltd. is a climate-tech startup focused on managing and monetizing distributed energy assets in Bangladesh. The company is building technology to remotely control smart batteries installed in the country’s 5 million-plus electric three-wheeler taxis. By 2029, SOLshare aims to network 1 million of these batteries, boosting driver earnings while allowing the aggregated capacity to buffer roughly 10 % of Bangladesh’s peak electricity demand. The vision relies on scaling solar PV adoption alongside its battery platform to accelerate the nation’s energy transition. The firm positions itself at the frontlines of climate change, addressing real-world power-access challenges in emerging markets. Financially, SOLshare has just secured new capital to advance this expansion, closing US$2.2 million of a larger US$4 million Series A+ financing.

Total raised

$5M

Funding rounds

3

Latest round

Series A

Latest activity

Mar 2024