TRINE

crowdfunding platformscrowdfundingother online fundraising platformsequity

FOUNDING YEAR: 2015
LOCATION: Sweden
Last Update: 01/05/2020

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MEDICI Analysis

TRINE provides a crowdfunding platform for solar energy partners. The company aims to raise funds to finance off-grid solar energy in rural regions of developing countries

Focus

PRODUCTS & SERVICES

TRINE uses crowdfunding to finance off-grid solar energy in rural regions of developing countries. The loans that are financed fall into three different categories of solar installations solar lamps, Solar Home Systems and Mini-grids. Solar lamps: includes anything from solar lanterns with built-in phone charging capacity for household use to specially designed solar lanterns for a specific economic purpose. Solar Home Systems are small, modularized systems that are installed directly in households and small businesses. Solar home systems (SHSs) come in various sizes and support a wide range of capabilities such as light, phone charging and radio's or TV's. Mini-grids: These are local solar installations that provide clean, safe energy to entire communities. Investors on platform must be at least 18 years old but not from the United States. The investor has to choose a campaign in terms of impact, location, size and risk and invest minimum €25. This money will be transferred into an E-Wallet, where it will be held until the campaign becomes fully funded. It's an escrow account legally owned by you and managed by BNP Paribas in France. All repayments will be paid back to that account. Once a campaign is fully funded investment becomes part of a loan to Solar Partner. If the campaign is not fully funded money stays in E-Wallet for to withdraw or reinvest.

REVENUE MODEL

The company generates revenue by charging 5% fee for sucessfully funding. It also earns money through annual fees from our communication partners, who are large companies and organisations.

MAIN CLIENTS

Investors

EXISTING PARTNERSHIPS

The company is in partnership with solar.

Traction

VALUATION / MARKET CAP:

$45.45 M in 2017

TRACTION COMMENT:

To date, it has already catalyzed more than €1m crowd-investments for thirteen off-grid projects in six Sub-Saharan countries, empowering over 120,000 people to escape energy poverty (June 2017).

People

FOUNDERS

Sam Manaberi

Andreas Lehner

Christian Genne

Christoffer Falsen

BOARD MEMBERS AND ADVISORS

Niklas Adalberth

Lena Apler

Lars Jacobsson

Andrew Reicher

Palle Stenberg

Lars H. Thunell

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Andrew Reicher

Gullspång Invest

Lars Thunell

KEY EMPLOYEES:

Sam Manaberi (CEO); Andreas Lehner (COO); Christian Genne(CTO); Christoffer Falsen (CFO)

Momentum

FUNDED

YES

TOTAL FUNDING

$6.86 M

DATE OF LAST FUNDING

Jun 2017

TOTAL FUNDING COMMENT

The company will use funds to expand its platform’s capacity and scaling its operations and in East Africa and Europe (June 2017).

SEED & PRIOR FUNDING

$57 K

SEED CLOSED ON

Jan 2016

FUNDING SERIES

SERIES A  · $6.8 M  · Jun 2017

LISTED

NO

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