To meet our capital needs, we are seeking to raise $1,000,000 via equity crowdfunding. We are raising an additional target of $2,000,000 through debt, $500,000 of which has already been raised at this time.
The $1,000,000 raised via the eureeca platform will be used for the following:
•$500,000 to develop our solar-battery storage solution which has an estimated market size of USD$40 million/per year in the UAE
•$500,000 to buy solar assets for existing contracts, market development and to support working capital.
For a full breakdown please refer to the Investment Memorandum in the Downloads section.
Our full financial model is available upon request.
This proposal has a minimum target of د.إ1,286,740 and will be marked as successful once that target is reached.