Solar Kit eCommerce Company Based in Canada

Industry Overview

Renewable Energy is set to become the leading electricity source by the mid-2030s, it is expected to contribute 54.0% to the US’ electricity demand by 2050:

• Increasing by approximately 120.0% from 2000 to 2020. In 2020, renewables contributed 19.5% to the nation's net electricity production, surpassing both coal (19.3%) and nuclear (19.7%).
• Of the leading sources, Solar is expected to produce 47.0% of electricity generated. Wind is expected to come next (34.0%), followed by hydropower(13.0%), and geothermal (2.0%).

The demand for solar energy surged over the last decade, the cost of installation has gone down by 60.0% whereas the efficiency of the solar panel systems have increased.

Business Description

It is emerging as the leading provider of off-grid, hybrid, portable, and emergency backup solar power systems in the country - with a dominant footprint in the US market space. Operating on a hybrid dropship model, facilitating efficient and scalable sales - the brand is well known for quality & reliability.

It provides an extensive range of solar energy solutions to meet the needs of a diverse customer base. The top product on the platform is the complete solar kits; the 12 lines of complete kits drive 48.4% of the revenue, followed by storage (batteries) and accessories.

With a customer base exceeding 43,000, the brand is renowned for its exceptionally affordable prices, renowned customer service, and prompt shipping. The company aims to disrupt the traditional consumer base through e-commerce by cutting the middlemen while providing transparent and affordable pricing for solar panel systems.

A comprehensive CIM will be made available for qualified and approved buyers.

Financial Summary

Revenue - $53,270,000 CAD
Gross Profit - $10,378,000 CAD
EBITDA - $3,640,000 CAD

Expressions of Interest welcome.