YouSolar
Santa Clara · Founded 2012
About YouSolar
Rooftop solar+battery systems are an answer to one of their biggest problems: how to expand access to electricity without harming the planet. When combined with the grid, they will create a hybrid power system that is cheaper, more reliable and much “greener” than the grid alone. YouSolar has the technology and business model to accelerate this transformation. Their first market is India, a country with acute power shortages that is emerging as the largest market for solar+battery systems. If you regularly need backup power and have roof space, YouSolar can provide a complete energy solution at much lower cost than electricity from a diesel generator. You will have reliable, high quality electricity with no switchover during grid outages and plenty of power when turning on appliances. Best of all, they will monitor your system 24/7 and back it up with a 5-year warranty. The worldwide market for solar systems is poised to grow exponentially. India is the hotspot. In July 2015 India announced a goal of 40 GW of power from rooftop solar by 2022 (equivalent to 10 million systems). However, two big challenges must be overcome: How to integrate these systems with the grid, and how to finance them. YouSolar’s solar+battery systems and secure leasing model are the answers. Thanks to this proprietary intelligence, the YouSolar system uses nearly all the solar energy generated by the solar array and, thus, does not have to be “net metered”. The system takes power from the grid, but never sends power to the grid. So, there is no need to get a permit from the utility. YouSolar’s system can remain functioning at all times, unlike net metered systems which must shut down during power cuts (for safety). Being available during power cuts and requiring no permits are big advantages in markets like India.
Company Facts
- Founded: 2012
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: Less than $1M
- Total funding: $5.2M
- Last round: Equity Crowdfunding (Dec 2024)
- Website: http://yousolar.com/
- Phone: 19173644266
Industries & Categories
Battery, Energy, Solar
Social Profiles
Canonical: https://fsome.com/organization/yousolar-7137 · For the full interactive profile (charts, investors, team, acquisitions, press), please enable JavaScript.