About Mona Lee
Mona Lee is a company based in Boston (United States) founded in 2022 by Walid Halty and Akarshan Kumar.. Mona Lee has raised $3.25 million across 2 funding rounds from investors including Plug and Play Tech Center, Ptc-Holdings and A.R.I.. Mona Lee offers products and services including Solar Design Tool, Solar Panels, Inverters, and Installation Services. Mona Lee operates in a competitive market with competitors including Pennar, SINTEF, Hanwha, SGL Carbon and ET Solar, among others.
- Headquarter Boston, United States
- Founders Walid Halty, Akarshan Kumar
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.25 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Jan 15, 2025
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Investors
Plug and Play Tech Center
& 6 more
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Employee Count
Employee Count
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Products & Services of Mona Lee
Mona Lee offers a comprehensive portfolio of products and services, including Solar Design Tool, Solar Panels, Inverters, and Installation Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for instant roof analysis and solar system customization.
Durable panels to generate electricity and offset household bills.
Devices that convert solar energy for home use efficiently.
Professional setup and activation of solar systems.
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Funding Insights of Mona Lee
Mona Lee has successfully raised a total of $3.25M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(21 Sep 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Debt – Conventional - Mona Lee | Valuation |
investors |
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| Sep, 2023 | Amount | Seed - Mona Lee | Valuation | Ludlow Ventures , Shrug Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mona Lee
Mona Lee has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, Ptc-Holdings and A.R.I.. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Debt financing is offered to North American startups by A.R.I.
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Venture capital is invested in US sectors by Ludlow Ventures.
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Consumer funds are targeted by this venture capital firm.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mona Lee
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mona Lee
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mona Lee Comparisons
Competitors of Mona Lee
Mona Lee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pennar, SINTEF, Hanwha, SGL Carbon and ET Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Precision-engineered products and building solutions are manufactured.
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Applied research organization providing technology and innovation services across diverse sectors
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Manufacturer of solar cells, modules, and other related components
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Graphite and composites-based materials and components are developed.
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Solar PV modules are manufactured by ET Solar.
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Solar photovoltaic module components are manufactured and supplied globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mona Lee
Frequently Asked Questions about Mona Lee
When was Mona Lee founded?
Mona Lee was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Mona Lee located?
Mona Lee is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Mona Lee?
Walid Halty is the current CEO of Mona Lee. They have also founded this company.
Is Mona Lee a funded company?
Mona Lee is a funded company, having raised a total of $3.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.25M, raised on Sep 21, 2023.
What does Mona Lee do?
Mona Lee was founded in 2022 and is based in Boston, United States. Operations center on the provision of solar photovoltaic modules within the renewable energy sector. Modules are designed and distributed to facilitate solar power systems for residential and commercial use. The company is led by Co-Founder and CEO Walid Halty, alongside Co-Founder Akarshan Kumar, with activities spanning the U.S. market.
Who are the top competitors of Mona Lee?
Mona Lee's top competitors include Pennar, SINTEF and Astronergy.
What products or services does Mona Lee offer?
Mona Lee offers Solar Design Tool, Solar Panels, Inverters, and Installation Services.
Who are Mona Lee's investors?
Mona Lee has 7 investors. Key investors include Plug and Play Tech Center, Ptc-Holdings, A.R.I., Ludlow Ventures, and Shrug Capital.
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