About Sun Electric
Sun Electric is an Energy & Utilities company based in Singapore (Singapore) founded in 2013 by Matthew Peloso, and was acquired by Hector Capital Partners in December 2019. Decentralized power trading platform. Its chief executive, as recorded, is Matthew Peloso. The company was acqui-hired. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and P2P Power Trading. Its competitors include Electrify, T-RECs and Echoin; 1 of its 3 listed competitors has raised funding.
Company details
Sun Electric was founded in 2013 in Singapore, focusing on the renewable energy sector. A decentralized platform called SolarSpace is operated to monitor solar energy generation and allocate it to users, with grid power used as a supplement during shortages. Financial products including SolarFLEX, SolarLITE, and SolarPEAK are offered for discounts and carbon credits. Solar installation services are also provided to rooftop owners in Singapore.
- Headquarters Singapore, Singapore
- Founders Matthew Peloso
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website sunelectric.com.sg
- Social LinkedIn X Facebook
- Acquired by Hector Capital Partners (Dec 2019)
- InvestorsAgritrade
& 1 more
- Acquired byHector Capital Partners
(Dec 2019)
Investors in Sun Electric
Sun Electric has secured backing from 2 investors. Prominent investors backing the company include Agritrade and Hector Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| agritrade.com.sg | ||||
Private equity investments are made in Asia and the US. | hectorcapital.com | Singapore, Singapore |
Investor details for Sun Electric
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People of Sun Electric
1 people are tracked at Sun Electric (1 in leadership).
| Name | Role | Group |
|---|---|---|
Matthew Peloso | Founder & CEO | Leadership |
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Timeline of Sun Electric
2 dated milestones of Sun Electric across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Sun Electric is founded.
- Exit Acquired by Hector Capital Partners.
Competitors of Sun Electric
Sun Electric has 3 listed competitors in our database, 1 of them funded. They include Electrify, T-RECs and Echoin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| electrify.asia | 2017 | Singapore | Blockchain-based retail electricity marketplace for Southeast Asia is operated. | |||
| trecs.ai | 2018 | Singapore | $20,000 | Provides a marketplace for buying and selling renewable energy certificates. | ||
| echoin.io | 2018 | Singapore | Provides blockchain-based technology for energy trading solutions. |
Detailed competitors of Sun Electric
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Related news about Sun Electric
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Frequently Asked Questions about Sun Electric
Sun Electric was founded in 2013.
Sun Electric is headquartered in Singapore, Singapore.
Matthew Peloso is the CEO of Sun Electric, as recorded in our data. They have also founded this company.
Sun Electric was founded in 2013 in Singapore, focusing on the renewable energy sector. A decentralized platform called SolarSpace is operated to monitor solar energy generation and allocate it to users, with grid power used as a supplement during shortages. Financial products including SolarFLEX, SolarLITE, and SolarPEAK are offered for discounts and carbon credits. Solar installation services are also provided to rooftop owners in Singapore.
Sun Electric has 2 investors. Key investors include Agritrade, and Hector Capital Partners.
Yes. Sun Electric was acquired by Hector Capital Partners in December 2019.