SunnyHUB Completes R$ 12 Million Funding Through Receivables Assignment In Pursuit of Solar Energy Democratization

Written by Keise Tiffany Astolpho

Published on 12/07/2023 at 08:52

Divulgação/SunnyHUB site

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SunnyHUB Completes R$ 12 MM Fundraising Through Receivables Assignment Aiming for Solar Energy Democratization

With the funds, the company aims to invest in purchasing more panels to increase its customer base

SunnyHUB, a Brazilian subscription-based solar energy company, has just completed a fundraising round worth R$12 million through receivables assignment. This unprecedented achievement is the first validated by B3 since the approval of the Provisional Measure in 2022 that regulates this type of transaction. Aiming to transform the renewable energy market in Brazil, the company, founded in 2018, has stood out for its innovative business model, offering subscription-based solar energy, a business model that is on a growth path. With this funding, they plan to invest in modernizing the business, purchasing more photovoltaic panels, and consequently expanding their customer base.

According to data from Absolar (Brazilian Solar Photovoltaic Association), the number of users in the shared generation model increased from 43 in 2015 to over 11,000 in 2022. This increase follows a period in which electricity bills became heavier on the pockets of Brazilians. A survey conducted by Abraceel (Brazilian Association of Energy Traders) shows that electricity bills rose more than double the inflation rate between 2015 and 2021.

Unlike conventional energy utility companies, SunnyHUB allows Brazilian consumers to access a more sustainable, predictable, and economical energy source. The company installs equipment at no additional installation cost in customers’ homes and charges a fixed monthly fee, which is on average 25% cheaper than the cost of conventional energy.

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The company’s goal is to democratize access to solar energy in Brazil and lead the energy market transformation towards a more sustainable, clean, and accessible future. The idea is to make solar energy a competitive and affordable option for consumers, reducing dependence on thermoelectric plants and contributing to the reduction of greenhouse gas emissions.

Since its inception, SunnyHUB has experienced rapid growth, expanding its presence in various states and cities across Brazil. The company already serves hundreds of customers and has established a strategic partnership with Instituto Lactec, one of Brazil’s largest private science and technology institutes, to develop innovative technologies and provide more services and benefits to its customers.

“We are an innovative company that is challenging the status quo of the solar energy sector,” says Guilherme Corrêa, CEO of SunnyHUB. “We are committed to providing sustainable, accessible, and innovative solutions for the Brazilian residential market, offering an economic and independent alternative to traditional utility companies.”

SunnyHUB’s target audience includes homeowners from classes A, B, and C, who want to reduce their energy bills and adopt a more sustainable and eco-friendly solution. The company also seeks to raise awareness and educate homeowners who are not yet familiar with the benefits of subscription-based solar energy, as well as consumers dissatisfied with traditional energy utility companies.

“Our goal is to be the leading reference in solar energy in the country,” claims the spokesperson. “We want people to associate SunnyHUB with a revolution in the energy industry, providing sustainable, accessible, and innovative solutions for the Brazilian residential market.”

About SunnyHUB:

SunnyHUB is a Brazilian solar energy company that offers innovative and accessible subscription-based solutions. With the goal of democratizing access to renewable energy, the company installs and provides long-term savings on energy bills, contributing to a more sustainable future. Founded in 2018, SunnyHUB has stood out in the market for its leadership vision and commitment to quality and innovation.

For more information: www.sunnyhub.com.br

About Guilherme Corrêa:

Guilherme Corrêa is the CEO of SunnyHUB. A chemical engineer graduated from the Federal University of Rio Grande do Sul, he has worked in sales and has extensive experience in international trade and investment markets. With experience at Ambev and Cluster21, he founded SunnyHUB in 2018 with a clear purpose: to democratize solar energy, making it a prominent and accessible alternative for the middle class.

For more information: https://www.linkedin.com/in/guilhermecorrea-solar/

SunnyHUB Completes R$ 12 Million Funding Through Receivables Assignment In Pursuit of Solar Energy Democratization

SunnyHUB Completes R$ 12 MM Fundraising Through Receivables Assignment Aiming for Solar Energy Democratization

With the funds, the company aims to invest in purchasing more panels to increase its customer base

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SunnyHUB Completes R$ 12 Million Funding Through Receivables Assignment In Pursuit of Solar Energy Democratization

SunnyHUB Completes R$ 12 MM Fundraising Through Receivables Assignment Aiming for Solar Energy Democratization

With the funds, the company aims to invest in purchasing more panels to increase its customer base

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Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

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