Financials

Estimates*

Edit
Revenues, earnings & profits over time
EUR201820192020202120222023
Revenues<1m<1m<1m<1m<1m<1m
% growth-8 %42 %56 %--
Profit(1.5m)(1.5m)(1.8m)(2.0m)(1.3m)-
% profit margin(582 %)(520 %)(442 %)(322 %)(211 %)-
  • Edit
DateInvestorsAmountRound

€3.0m

Seed

N/A

Series A
*

$2.0m

Valuation: $15.0m

21.6x EV/LTM Revenues

Early VC
*

N/A

Early VC
*
N/A

N/A

Bankruptcy
Total FundingAUD8.2m

Recent News about Solytic

Edit
More about Solyticinfo icon
Edit

Solytic is a Berlin-based company specializing in AI-driven solar PV monitoring and analytics. The company serves a diverse range of clients including homeowners, solar asset managers, and professionals in the renewable energy sector. Operating in the global solar energy market, Solytic offers a comprehensive platform that connects over 100,000 solar assets across more than 60 countries.

Solytic's business model revolves around providing data-driven insights to maximize the profitability and performance of solar PV systems. The company offers its services for free to homeowners, while professionals benefit from up to 87% cost reduction compared to traditional monitoring solutions. Revenue is generated through subscription fees from professional users and commissions from marketplace transactions.

The platform integrates various data sources such as weather satellites, sensors, and external benchmarks to provide real-time and predictive analytics. Users receive smart alerts, long-term analysis, and performance benchmarks, enabling them to make informed decisions about maintenance, cleaning, insurance, and storage.

Solytic's marketplace also connects users with service partners, offering the best deals for additional services to enhance asset performance.

Keywords: AI-driven, solar PV, monitoring, analytics, global, cost reduction, data-driven, marketplace, performance optimization, renewable energy.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.