<
https://reneweconomy.com.au/australian-solar-tile-company-raises-funds-to-tap-absurdly-large-us-market-and-take-on-tesla/>
"The Australian company behind a leading, home-grown solar roof tile solution
has raised more than $A1.1 million as part of an ongoing equity crowdfunding
campaign, in a bid to expand into US market and take on Elon Musk’s Tesla Solar
Roof.
Volt’s crowdfunding campaign was launched to the public on December 01 as part
of the maiden fundraising effort led by Birchal First Syndicate program, which
invites angel investors to support Victorian hardware technology businesses.
With a week of the fundraising campaign left to go, Volt is aiming to hit a $3
million maximum target, with more than 200 investors backing its product and
plans, so far.
Volt Solar Tiles, a subsidiary of the busy commercial and large-scale solar
company Leeson Group, was officially launched in October 2022 from its base in
Victoria, with a product it claims is quicker, cheaper and easier to install
than Musk’s and able to compete on energy output and cost with higher end
rooftop PV systems.
Leeson Group has built the business around two key partnerships, with Bristile
Roofing in Australia and Spain-based terracotta roof tile manufacturer La
Escandella as its global distributor outside of Australia.
Bristile, which is a part of the ASX-listed building materials group
Brickworks, holds a significant market share for new home roofing products in
Australia, while La Escandella is expected to open up export opportunities for
Volt to 85 countries.
Last year, the company installed a massive 100kW Volt system on a house in
Türkiye that – at the time – was believed to be the world’s largest, at twice
the size of the biggest Tesla solar roofs installed at that point."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
