About SOLID
SOLID is a company based in Graz (Austria) founded in 1992 was acquired by TIGI in April 2024.. SOLID offers products and services including Solar District Heating, Solar Process Heat, Solar Cooling, Hot Water Preparation, and Heat Pump. SOLID operates in a competitive market with competitors including Enery, SOLAVOLTA, Collective Energy and AustrianSolar, among others.
- Headquarter Graz, Austria
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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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- Legal Name Solid Solar Energy Systems Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
European Union
& 2 more
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Employee Count
Employee Count
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Acquired by
TIGI
(Apr 18, 2024)
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Products & Services of SOLID
SOLID offers a comprehensive portfolio of products and services, including Solar District Heating, Solar Process Heat, Solar Cooling, Hot Water Preparation, 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.
Delivers solar-based heating for district networks.
Provides solar heat for industrial processes.
Offers eco-friendly cooling via solar absorption.
Generates hot water using solar technology.
Integrates pumps for efficient heating systems.
Develops systems for electricity generation.
Enables seasonal energy storage solutions.
Provides project development and feasibility studies.
Funding Insights of SOLID
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Grant - SOLID | Valuation |
investors |
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| Jan, 2016 | Amount | Grant - SOLID | Valuation |
investors |
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| Jan, 2012 | Amount | Private Equity Round - SOLID | 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 SOLID
SOLID has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Mittelstandsfonds and TIGI Solar. 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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Growth capital is provided to mid-sized companies in Austria.
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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 | |
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Renewable heat solutions are provided for industrial and commercial sectors.
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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 SOLID
| 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 - SOLID
| 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 |
Solid Comparisons
Competitors of SOLID
SOLID 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 Enery, SOLAVOLTA, Collective Energy and AustrianSolar, 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 |
Solar energy projects are developed by Enery in Austria.
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured in Austria since 2008.
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| domain | founded_year | HQ Location |
Solar renewable energy projects are developed for sustainable mobility solutions.
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| domain | founded_year | HQ Location |
Develops utility-scale solar projects to promote sustainable energy solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Solid
Frequently Asked Questions about SOLID
When was SOLID founded?
SOLID was founded in 1992 and raised its 1st funding round 20 years after it was founded.
Where is SOLID located?
SOLID is headquartered in Graz, Austria. It is registered at Graz, Styria, Austria.
What does SOLID do?
Founded in 1992 in Graz, Austria, the company operates within the solar engineering sector. Large-scale solar thermal energy plants are developed and managed, encompassing planning, construction, assembly, and operation. Services provided include hot water supply, room heating, industrial process heat, and district heating for towns and villages. Solar chilled water plants are also designed and built, with project capacities ranging from 300 kWt to the MW class.
Who are the top competitors of SOLID?
SOLID's top competitors include Enery, SOLAVOLTA and Collective Energy.
What products or services does SOLID offer?
SOLID offers Solar District Heating, Solar Process Heat, Solar Cooling, Hot Water Preparation, and 4 more products and services.
Who are SOLID's investors?
SOLID has 3 investors. Key investors include European Union, Mittelstandsfonds, and TIGI Solar.