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Solar PV Systems Company Investment Opportunity in Toronto, Canada

Innovated 2-axis solar tracker with US patent having 3x yield at the same cost.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 180 thousand
Run Rate Sales USD 400 thousand
EBITDA Margin 13 %
Industries Solar PV Systems
Locations  Toronto + 1 more
Local Time 8:22 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 230 thousand for 6.0% stake (Native Currency: INR 17,500,000)
Reason: - Hire technical employees. - The founder has applied for a Canadian work visa and has been shortli... View More
Includes physical assets worth USD 13 thousand
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Business Overview

- Increase in levelized cost of energy (LCoE) due to depleting in solar tariff world-over has created some sense of fear in the minds of solar plant developers. For making it commercially competitive, the only way forward is to maximize yields and improve their ROI.

- The only way forward for higher yield is to use solar PV tracking technology to harness the sun to its fullest potential. The existing tracking systems are single axis tracker (SAT) and dual axis tracker (DAT), unfortunately both are not too effective. The SAT has shortcomings in design and the DAT is too expensive to be economically viable.

- Critically analysing the market demand, we have innovated a new & enhanced solar tracking technology which disrupts the existing single axis tracker and is called “2-Axis Tracker”. It overcomes the inherent design disadvantage of the single axis, thereby offering a near dual axis tracker performance, at the cost equivalent to single axis tracker. Key features of our innovation are:

- Rotates solar module in two different directions, unlike the SAT.

- The angle of incidence of the sun's irradiation on the module is always close to perpendicular at all times and in all seasons of the year, whereas the angle of incidence in a single axis tracker is effective only during the summer.

- The performance recorded is 2x to 3x over SAT at any location on the globe. This results in tremendous improvement in the IRR.

- 2-Axis Tracker has an ideal design advantage for bifacial solar modules.

- Innovation is the next-generation technology, which replaces and overcomes existing SAT technology, hence rendering it obsolete.

- The design is jointly developed with IIT - Delhi and incubating in their premise.

The design advantage of our tracking system coupled with other technological advancements in modules and inverters has made tracking systems a more lucrative business proposition than the conventional systems earlier.

According to Fortune Business Insights, the global solar tracker market size was USD 9.30 billion in 2019 and is projected to reach USD 22.33 billion in the next 6 years, growing at a CAGR of 12.6%.

- Between the next three years, global annual solar installations will average 135 gigawatts.

- Meanwhile, the global tracker market will see a 45 percent increase in installations from 2020- 2025.

- The promoter of the company has 8 years of rich experience in the solar industry with various verticals in the same domain.

- The company has applied for patents in India, EU, UK, USA & Canada, but currently our operations are going on in Delhi. The patent in USA has also been granted. We are also aiming to expand our operations in Toronto, Canada.

- We spent that last couple of years in getting the patents registered and R&D process.

- Have high growth rate as we focused on customer acquisition this year whereas last year our focus was on getting patented.

Products & Services Overview

MMS (Module Mounting Structure) for utility scale solar projects. Electronic controllers, which moves the MMS along the sun path with an integrated IoT system for remote monitoring.

Assets Overview

12 tracking systems and 2 MW solar park.

Facilities Overview

We have a 2,000 sq. ft. office space in New Delhi, India.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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