About Solartech
Solartech is a company based in Hermanus (South Africa) founded in 2006. It operates as a Direct-to-Consumer (D2C), and Franchise / Licensing. Solartech offers products and services including Solar Geyser and Heat Pump. Solartech operates in a competitive market with competitors including Ecoflow, Bundu Power, Herholdts, PowerOptimal and SolarTurtle, among others.
- Headquarter Hermanus, South Africa
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Solartech Energy Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$48.47 K (USD), Grant
Feb 03, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of Solartech
Solartech offers a comprehensive portfolio of products and services, including Solar Geyser and Heat Pump. 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.
Solar geysers are used to heat water sustainably.
Heat pumps are provided for efficient energy solutions.
Funding Insights of Solartech
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $48,470
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First Round
First Round
(03 Feb 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Grant - Solartech | Valuation |
investors |
| 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 |
Investors in Solartech
Solartech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | 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 Solartech
| 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 - Solartech
| 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 |
Solartech Comparisons
Competitors of Solartech
Solartech 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 Ecoflow, Bundu Power, Herholdts, PowerOptimal and SolarTurtle, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for energy storage solutions is offered.
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| domain | founded_year | HQ Location |
Solar powered products are manufactured by Bundu Power.
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| domain | founded_year | HQ Location |
Electrical products, solar solutions, and renewable energy systems are supplied.
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured by PowerOptimal.
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| domain | founded_year | HQ Location |
Containerized anti-theft solar power is provided for off-grid rural areas.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Solartech
When was Solartech founded?
Solartech was founded in 2006 and raised its 1st funding round 14 years after it was founded.
Where is Solartech located?
Solartech is headquartered in Hermanus, South Africa. It is registered at Hermanus, Western Cape, South Africa.
What does Solartech do?
Solartech is involved in the development and installation of solar energy solutions, primarily focusing on solar geysers and heat pumps. The company operates in both public and private sectors in South Africa, aiming to reduce greenhouse gas emissions and assist companies in achieving carbon neutrality. Solartechs expertise is applied to ensure sustainable hot water solutions even in varying weather conditions.
Who are the top competitors of Solartech?
Solartech's top competitors include Ecoflow, Herholdts and Bundu Power.
What products or services does Solartech offer?
Solartech offers Solar Geyser and Heat Pump.
Who are Solartech's investors?
Solartech has 1 investor. Key investors include European Union.