This startup is taking on Tesla with its integrated solar roof tiles. SunRoof used this 9-slide pitch deck to raise $14.6 million from investors.
. The US' Inflation Reduction Act has also added incentives for rooftop solar. Venture-backed solar companies raised $8.35 billion last year – just shy of its record $8.48 billion in 2021, according to PitchBook.
When compared with traditional mounted solar panels, SunRoof uses fewer materials due to not needing frames. This helps to keep down supply chain emissions and costs, Kaniuk said. The company was first founded in 2013 by Kaniuk's brother Karol, a construction engineer who wanted an aesthetically-pleasing alternative to solar panels and built the technology for his own home. It ticked along as a side hustle for years until he brought his brother Lech on board as CEO in 2019, when the pair started to ramp up operations.
The brothers are now set on creating"virtual power plants" in every home, setting their customers up with a solar roof as well as an energy storage system and app to manage consumption.
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