This startup that makes it easier to design solar projects just raised $100 million. Check out the 14-slide pitch deck PVcase used to raise the fresh funds.
Cofounder and CEO Deividas Trainavicius has worked in solar since 2009. As the market rode legislative tailwinds and took advantage of subsidies, he noted how land where it was"easy" to develop solar projects was snapped up.
The startup, which claims to be easier, cheaper, and faster than traditional design methods, already works in over 80 countries. Project developers import data on a potential solar site's environment and use the platform to run design simulations on top of that. The designs are geo-referenced, which can be used in construction.
"This gives a huge advantage because you can design more power plants, you can build faster, you can design faster, you can be more accurate, your procurement process is completely different because you have accurate data coming from the software." It will use the fresh funds to grow its services, with the goal of creating an end-to-end platform to serve the full life-cycle of a solar project, from finding the best sites to providing an itemized list of construction components. This would save engineers even more time because they wouldn't have to migrate – and potentially lose – data from different platforms, Trainavicius said.
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