Solar AI Powers Southeast Asia with Rent-to-Own Model

• Solar AI Technologies, a Singaporean startup, raises $1.5 million to make solar energy more accessible & affordable in Southeast Asia. Rent-to-own model for homeowners with monthly payments of $200, and maintenance/warranty coverage. Three times more web traffic than competitors. Expanding to Malaysia & Philippines.

Solar AI Technologies, a Singaporean startup, has recently raised $1.5 million in seed funding to make solar energy more accessible in Southeast Asia. The company offers a rent-to-own model with monthly payments that are about $200 a month compared to average electricity bills of $250 a month, making it a viable option for homeowners. Solar AI also covers maintenance and warranty costs during the contract period. The company has a strong online presence, with its web traffic three times higher than its two major competitors in Singapore and five times more than the largest solar company in the Philippines. It plans to expand its reach to Malaysia and the Philippines in the near future with the help of local partners.

How is Solar AI Technologies Making Solar Energy Accessible in Southeast Asia?

• Solar AI Technologies' rent-to-own model lowers the upfront costs associated with installing solar power, allowing for more homeowners to access solar energy.
• The rent-to-own model offers energy savings of up to 20% compared to average electricity bills in Southeast Asia.
• Solar AI Technologies offers full maintenance and warranty coverage during the contract period, meaning homeowners don't have to worry about unexpected repair costs or other issues associated with solar energy.
• The company has an active online presence, making it easy for homeowners to research and learn more about solar energy before making a commitment.
• Solar AI plans to expand its reach to Malaysia and the Philippines in the near future with the help of local partners, potentially making solar energy even more accessible in these countries.