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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Mona Lee
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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.
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.
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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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Investor details for Mona Lee
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Investments & Acquisitions by Mona Lee
Investment portfolio details for Mona Lee
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Financial Statements - Mona Lee
Detailed financials for Mona Lee
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Mona Lee Comparisons
Peer comparison for Mona Lee
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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.
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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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Detailed competitors of Mona Lee
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Latest news on Mona Lee
Complete news archive for Mona Lee
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Frequently Asked Questions about Mona Lee
Mona Lee was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Mona Lee is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Walid Halty is the current CEO of Mona Lee. They have also founded this company.
Mona Lee is a funded company, having raised a total of $3.25M across 2 funding rounds to date.
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.
Mona Lee's top competitors include Pennar, SINTEF and Astronergy.
Mona Lee offers Solar Design Tool, Solar Panels, Inverters, and Installation Services.
Mona Lee has 7 investors. Key investors include Plug and Play Tech Center, Ptc-Holdings, A.R.I, Ludlow Ventures, and Shrug Capital.