Begin your solar power journey! SmartSolar is a Vietnamese startup that makes it easier (and cheaper) for you to install and operate solar panels. Now, they just raised their $1.85M seed!

Investor check. Picus Capital and 2degrees led the round. 

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🌞 Power up

Having solar panels installed can significantly lessen electricity costs.

The problem? It’s a big investment that a lot of families and businesses can’t take. 

• SmartSolar installs and operates solar panels on your roof for a monthly fee. From there, you can purchase the electricity from the solar panels at a discount. 

Rapid growth? They’ve already achieved an installed capacity of almost 1MWp for dozens of MSME customers in Vietnam!

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😎 Big picture

SmartSolar is set to expand across SEA. Vietnam is currently a leader in solar energy in SEA and is also the largest solar market in the region.  

But in other countries like the Philippines? There’s still a long way to go. 

In the Philippines, aside from the upfront cost, the trustworthiness of service providers is also a big factor in adopting solar panels.