SOLshare

Name

SOLshare

Legal name

ME SOLshare Ltd

Website

https://solshare.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Distributed Energy Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

akta.pro secondary industries

Power Electronics & Grid-Forming Controls (Inverters, STATCOM/SVC, HVDC, FACTS) (EUAMAIAD), Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)

Keywords

• Peer-to-peer energy trading
• Solar microgrid solutions
• Pay-as-you-go batteries
• Commercial solar rooftop
• Electric three-wheeler leasing

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. PAYG Battery Leasing: Pay-as-you-go lithium-ion battery leasing model for electric three-wheeler drivers, enabling garage owners to offer smart battery services with remote monitoring and transaction tracking.
2. C&I Solar Rooftop Installation: Commercial and industrial solar rooftop installation services offered under CAPEX and OPEX models, including preliminary assessment, system design, engineering procurement, and construction services.
3. Solar Rooftop OPEX Model: Operating expense model where SOLshare handles installation and maintenance while customers pay for energy generated, reducing upfront capital requirements.
4. Peer-to-Peer Energy Trading: Platform fees from enabling households to sell excess solar power to neighbors using mobile credits, monetizing trading of excess electricity for base-of-pyramid communities.
5. Carbon Credit Revenue: Revenue from emissions reductions through clean energy generation and electric three-wheeler adoption, currently reducing 200mtCO2e annually.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

SOLshare operates an IoT-enabled peer-to-peer energy exchange platform (SOLbazaar) that enables households with solar home systems to trade excess electricity with neighbors using mobile credits. The company also delivers commercial and industrial solar rooftop installations under CAPEX and OPEX models, and offers PAYG lithium-ion battery leasing for electric three-wheeler drivers, all integrated through the SOLbox bi-directional DC meter and SOLapp/SOLweb software stack.

Product overview

SOLshare is a climate-tech company operating through its globally recognized SOLbazaar service platform, which has developed into an energy marketplace addressing sustainable energy access deficits. The company operates a platform-plus-modules architecture with four main business lines: SOLgrid (peer-to-peer microgrid connections), SOLmobility (smart electric three-wheeler technology), SOLroof (commercial and industrial solar rooftop services), and PCC technology (grid interconnection). These products are supported by core enabling technologies including SOLbox (bi-directional DC electricity meter), SOLapp (customer portfolio management), SOLweb (central analytics), and SOLbat (battery advancement technology). The ecosystem creates synergies between stationary solar energy, e-mobility, and grid integration.

Differentiator

Problem solved

Functional benefit

Brands

• SOLbazaar: The company's globally recognized service platform and energy marketplace for sustainable energy services
• SOLgrid
• SOLmobility
• SOLroof
• SOLbox
• SOLbat
• Greener Garments Initiative (GGI)

Products and services

• SOLgrid A peer-to-peer microgrid energy exchange network enabling rural households with rooftop solar home systems to sell excess power to neighboring households or businesses using mobile credits, creating the world's first ICT-enabled P2P electricity trading network for rural communities.
• SOLmobility

Quantifiable outcome

• 200 mtCO2e emissions reduced annually
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered major, core and minor.

• GIZ (GmbH)majorImplementation/ SI/ Consulting PartnerGIZ Project Development Programme (PDP) supported 250kWp rooftop solar plant with Knit Concern Limited in Narayanganj, Bangladesh.
• Shakti FoundationcoreStrategic or Co-development PartnerCollaboration with Shakti Foundation (funded through FCDO) to develop Point of Common Coupling (PCC) technology, interconnecting peer-to-peer microgrids with the national grid.
• BAT BangladeshcoreStrategic or Co-development PartnerPartnership with BAT Bangladesh enabled installation of the first Solar PV Powered Electric three-wheeler rickshaw charging station in Bangladesh.
• btomorrow VenturescoreStrategic or Co-development PartnerPartnered with btomorrow Ventures alongside BAT Bangladesh and Rajshahi City Corporation to install first Solar PV Powered E3W charging station.
• Rajshahi City CorporationcoreStrategic or Co-development PartnerCity government partnership enabling installation of first Solar PV Powered E3W charging station in Rajshahi, Bangladesh.
• MicroEnergy InternationalminorStrategic or Co-development PartnerFounding organization where Dr. Sebastian Groh and Hannes Kiriam previously worked. Berlin-based consultancy specializing in microfinance and decentralized energy.
• BestsellermajorStrategic or Co-development PartnerFashion brand co-investing in rooftop solar through Greener Garments Initiative to support textile suppliers in Bangladesh.
• Greener Garments InitiativecoreStrategic or Co-development PartnerMulti-stakeholder initiative helping factories across Bangladesh become more eco-friendly, leveraging net metering rules for sustainable operations.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• M-KOPA: Leading PAYG solar provider in East Africa offering solar home systems with mobile money financing. Comparable PAYG distribution model and BoP customer focus, though focused primarily on East Africa rather than South Asia and without SOLshare's P2P trading innovation.
• Husk Power Systems: Decentralized solar and biomass mini-grid operator serving rural communities in South Asia and sub-Saharan Africa. Closely comparable in distributed energy, microgrid architecture, and rural BoP focus, though historically more biomass-based and Africa-heavy.
• Sun King (Greenlight Planet): Global leader in PAYG solar home systems serving off-grid households across Africa and Asia. Closely comparable in PAYG distribution to BoP customers, with overlapping South Asian operations, though product-centric rather than P2P marketplace-centric.
• PowerGen Renewable Energy: Pan-African distributed energy company providing solar mini-grids and commercial/industrial solar. Comparable microgrid and C&I solar business lines overlapping with SOLgrid and SOLroof, though operating exclusively in Africa.
• BBOXX: UK-based PAYG solar provider distributing solar home systems across Africa. Comparable in PAYG financing model and emerging market energy access focus, with a similar IoT-enabled distributed asset model though without P2P trading capabilities.
• OMC Power: India-based distributed energy company operating mini-grids in rural villages. Directly comparable in rural South Asia distributed generation and microgrid business model, serving similar off-grid and under-electrified communities.
• Okra Solar: Australia/Nigeria-based mesh-grid solar company enabling peer-to-peer energy sharing between households. Directly comparable P2P energy sharing innovation targeting off-grid communities, though focused on Africa rather than South Asia.
• d.light: Pay-as-you-go solar home system provider serving off-grid and under-electrified households across Africa and South Asia. Directly comparable to SOLshare in serving base-of-pyramid customers with distributed solar and PAYG financing, though focused more on lighting/product financing than P2P trading.
• Fenix International (Engie): PAYGO solar home system provider in Uganda and other African markets, now part of Engie. Comparable in PAYG distribution and IoT-enabled asset management for BoP customers.

Broad incumbents

• Engie Energy Access: Off-grid energy subsidiary of global utility Engie, providing PAYG solar and mini-grids across Africa. Larger incumbent with comparable distributed energy offerings, though embedded in a broader utility portfolio rather than focused on a single emerging market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/sol_share/?hl=en

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOLshare