buysolar
buySolar is a Malaysian online renewable energy marketplace that connects residential, commercial, and government solar buyers with 22+ vetted installers, 11+ bank financing partners, insurance, EV chargers, and battery storage.
- Company typePrivate
- Founded2020
- HeadquartersPetaling Jaya, Malaysia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
buysolar firmographics
Firmographics- Name
- buysolar
- Legal name
- OpenSys Technologies Sdn. Bhd.
- Website
- https://buysolar.my
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- buySolar is a Malaysian online renewable energy marketplace that connects residential, commercial, and government solar buyers with 22+ vetted installers, 11+ bank financing partners, insurance, EV chargers, and battery storage.
- Ownership category
- akta.pro rank
buysolar industry classification
Industry- Product category
- Renewable Energy Marketplace
- akta.pro primary industry
- Aggregation Services (Load Aggregation, Community Choice, Buyer Pools) (EUAGAEAC)
- akta.pro secondary industry
- Community Solar Development & Subscription Management (EUAMAJAA)
Keywords
Where buysolar is headquartered
LocationHeadquarters
- HQ city
- Petaling Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
buysolar business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure
Revenue model
- Marketplace Commission: buySolar operates as an online marketplace connecting solar buyers with approved solar service providers. The platform facilitates transactions between buyers and sellers, earning commission on successful installations through partnered solar providers.
- EV Charger Sales: Direct sales of EV charging equipment including eVoltron AC Chargers (7kW), Cornerstone Glow (22kW), Delta AC Mini Plus (7kW), and Delta AC Max (22kW) with optional professional installation services.
- Financing Facilitation: Partnership-based financing facilitation connecting customers with multiple banks (CIMB, Maybank, HSBC, Public Bank, AmBank, Bank Islam, etc.) for solar system financing. Revenue generated through referral fees or partnership arrangements with financial institutions.
- Insurance Referral: Referral partnerships with Anora Agency Sdn Bhd for solar panel insurance (SolarPro plans), earning referral fees for insurance products sold through the platform.
- Professional Services: End-to-end service coordination including expert consultation, site assessment, proposal discussion, installation management, and post-installation maintenance and monitoring services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | eVoltron AC Charger 7kW - Entry-level home EV charger |
| Unit Pricing | Pay-as-you-go | Cornerstone Glow 22kW - Mid-tier home EV charger |
| Unit Pricing | Pay-as-you-go | Delta AC Mini Plus 7kW - Premium EV charger with installation |
| Unit Pricing | Pay-as-you-go | Delta AC Max 22kW - High-power EV charger |
| Subscription | Monthly | Solar ATAP - Residential solar from RM9/day |
| Subscription | Monthly | Rent-to-Own - Zero upfront solar |
| Transaction based/ take rate | Monthly | Credit Card 0% IPP - Spread payments interest-free |
| One time/ perpetual license | Pay-as-you-go | Outright Purchase - Full ownership |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
buysolar product offering
Product offeringCore offering
buySolar is an online renewable energy marketplace that connects Malaysian solar buyers with 22+ vetted solar provider partners, 11+ financing banks, and insurance providers. The platform facilitates end-to-end solar adoption across residential, commercial, and government segments, with add-on offerings in EV charging, battery storage, roof construction, and insurance.
Product overview
buySolar is a Malaysian online renewable energy marketplace operated by OpenSys Technologies Sdn Bhd that connects solar buyers with approved solar providers. The platform operates as a one-stop solar solutions hub offering three core solar schemes (Solar ATAP for grid export with battery storage, Solar SELCO for self-consumption, and NEM for government entities), complemented by add-on services including Battery Energy Storage Systems (BESS), EV Charging Solutions, Roof Construction, and SolarPro Insurance. Financing options include Outright Purchase, Credit Card 0% IPP, Personal/Business Loans, Rent-to-Own, and Power Purchase Agreements (PPA). The platform aggregates 24+ solar provider partners and multiple banking partners to facilitate the complete solar investment journey from quotation to installation and maintenance.
Differentiator
Problem solved
Functional benefit
Brands
- Solar ATAP: Solar Accelerated Transition Action Programme - enables businesses to install larger rooftop systems, export surplus energy to the grid, and store excess power in optional batteries.
- SELCO
- SolarPro
Quantifiable outcome
- Customers can save up to 90% on their electricity bills by switching to solar
- +4 more outcomes
Companies that use buysolar
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
buysolar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
buysolar partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, flagship and minor.
- GSPARX Sdn BhdcoreSolar provider partner offering residential and commercial solar installation services through buySolar's marketplace platform.
- Solarvest Holdings BerhadcoreListed solar energy solutions provider offering solar PV system installations through buySolar's platform.
- Verdant Solar Sdn BhdcoreSolar installation partner providing renewable energy solutions for residential and commercial customers via the buySolar marketplace.
- Samaiden Sdn BhdcoreSolar energy solutions provider offering installation services through buySolar's platform.
- Plus Xnergy Services Sdn Bhd (formerly Plus Solar Systems Sdn Bhd)coreSolar solutions provider offering residential and commercial solar installations through the buySolar marketplace.
- Anora Agency Sdn BhdcoreInsurance partner providing comprehensive solar panel insurance solutions (SolarPro) for residential and commercial customers. Products underwritten by Allianz General Insurance Company (Malaysia) Berhad, covering all risks, income protection, and hassle-free repair services.
- OpenSys Technologies Sdn BhdflagshipParent company and technology partner. OpenSys Technologies Sdn Bhd, a subsidiary of OpenSys (M) Bhd, expands OpenSys Group's business into emerging IR 4.0 technologies. buySolar leverages OpenSys's IoT, Big Data, and eBusiness marketplace capabilities. buySolar is a platform owned by OpenSys Technologies Sdn Bhd.
- SEDA (Sustainable Energy Development Authority)minorGovernment body supported by buySolar for renewable energy initiatives and program approvals.
- Yongyang Sdn BhdcoreSolar provider partner offering installation services through buySolar's marketplace.
- ERS Energy Sdn BhdcoreSolar energy solutions provider offering residential and commercial installations through the buySolar platform.
- We Power Venture Sdn BhdcoreSolar installation partner providing renewable energy solutions via buySolar marketplace.
- Brilliant Solar Sdn BhdcoreSolar provider partner offering installation services through buySolar's platform.
- Leader Solar Sdn BhdcoreSolar installation partner serving customers through buySolar marketplace.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
buysolar competitors and assessment
Company assessmentDirect peers
- Solar Choice: Australia's leading solar comparison marketplace connecting residential and commercial customers with vetted solar installers. Closest comparable to buySolar in business model: online aggregation, multi-quotation comparison, and installer matching for the residential solar segment.
- EnergySage: Largest US solar marketplace connecting homeowners with pre-screened installers through competitive bidding. Operates the same multi-quote, online marketplace model as buySolar with education content and financing resources, but at significantly larger scale in the US market.
- Selectra: European energy comparison marketplace operating across multiple countries (France, Spain, UK, etc.) with energy supplier switching and comparison services. Comparable to buySolar as a multi-channel energy marketplace, though Selectra focuses on utility switching versus solar installation.
Emerging players
- OpenSolar: Solar software platform providing design, sales, and project management tools for solar installers with an integrated lead-generation marketplace. Comparable as a digital solar ecosystem, though OpenSolar primarily serves installers rather than end customers directly.
- GreenMatch: UK-based renewable energy comparison marketplace connecting consumers with solar, heat pump, and other green technology installers. Comparable marketplace model and customer education approach, though focused on UK and broader green technologies beyond solar.
- SolarReviews: US solar comparison and reviews platform helping homeowners compare installers based on reviews, certifications, and pricing. Comparable in customer education and comparison focus, though SolarReviews emphasizes review data versus buySolar's multi-quotation aggregation.
Regional players
- Solarvest Holdings: Publicly-listed Malaysian solar PV system installer offering residential, commercial, and industrial solutions. Competitor in the Malaysian solar market and simultaneously one of buySolar's largest channel partners, creating direct channel conflict.
- Samaiden Group: Malaysian solar energy solutions provider listed on ACE Market offering engineering, procurement, construction and commissioning of solar PV systems. Direct competitor in Malaysian commercial/industrial solar segment and buySolar platform partner.
- Plus Xnergy: Malaysian solar solutions provider offering residential and commercial solar installations. Direct competitor for end customers in Malaysia while also being a buySolar marketplace partner, illustrating the channel conflict in buySolar's partner base.
- GSPARX: Malaysia's largest residential solar subscription service (Petronas-backed). Direct competitor to buySolar in the Malaysian market - both target homeowners seeking zero-upfront solar - while simultaneously being a buySolar platform partner.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
buysolar social profiles
Digital presencebuysolar compliance and trust
Trust signalCompliance1 record
buysolar financial estimates
Financial estimateRevenue estimate
Valuation estimate
buysolar leadership team
Management profileNumber of profiles
buysolar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
buysolar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about buysolar
What does buysolar do?
buySolar is an online renewable energy marketplace that connects Malaysian solar buyers with 22+ vetted solar provider partners, 11+ financing banks, and insurance providers. The platform facilitates end-to-end solar adoption across residential, commercial, and government segments, with add-on offerings in EV charging, battery storage, roof construction, and insurance.
Is buysolar a public or private company?
buysolar is a private company. It is classified as corporate owned and is currently operating.
When was buysolar founded?
buysolar was founded in 2020. It employs 11 to 50 people.
Where is buysolar based?
buysolar is headquartered in Petaling Jaya, Malaysia, in the Asia region.
How does buysolar make money?
Five revenue lines are on record. Marketplace Commission is the primary driver. The others are EV Charger Sales, financing Facilitation, insurance Referral and professional Services.
Who are buysolar's main competitors?
Direct peers on record are Solar Choice, EnergySage and Selectra. Emerging players are OpenSolar, GreenMatch and SolarReviews. Regional players are Solarvest Holdings, Samaiden Group, Plus Xnergy and GSPARX.
Does buysolar have an API?
No public API is recorded for buysolar.
What industry is buysolar in?
buysolar's product category is Renewable Energy Marketplace. Its primary akta.pro industry code is EUAGAEAC, Aggregation Services (Load Aggregation, Community Choice, Buyer Pools), with a secondary code of EUAMAJAA, Community Solar Development & Subscription Management.