Following a successful seed round led by Ludlow Ventures and Shrug Capital, climate tech company, Monalee, expands to 24 US states, with another ten to be added by end of year.

BOSTON, May 23, 2024 /PRNewswire-PRWeb/ -- Following a successful seed round led by Ludlow Ventures and Shrug Capital, climate tech company, Monalee, continues to expand and capture new markets nationwide. Since launching in June 2022, the fast-growing startup has already enabled thousands of Americans to run their homes on solar across 24 US states, and is positioned to expand to another ten states by end of year.

A big part of Monalee's rapid US expansion comes down to their patent-pending technology that uses millions of data points to digitize and 'shopify' the buying experience based on customers' homes and needs. By leveraging AI and removing salespeople and system designers from the process, Monalee is able to secure the same solar panel systems for homeowners at half the price and in half the time compared to the top solar companies on the market.

"My goal is to accelerate the solar industry, making it more trustworthy, affordable through transparent pricing, and accessible without the hassle of pushy sales tactics," explains Monalee co-founder, Walid Halty.

Monalee's steady growth comes at a time when many solar companies are announcing layoffs and consolidating their operations. Unlike most venture-backed startups, Monalee is focused on profitability and healthy growth, not just top line. Monalee's expert in-house team comes with two decades of combined experience working for leading climate tech companies such as Tesla, SolarCity, Sunpower, Blue Raven Solar, and more.

Halty asserts that they are very deliberate with every hire or business decision they make. "We want scrappy, resourceful people who are also big thinkers and have track records to prove they get things done with very little," notes Halty.

To date, Monalee has served more than 1,900 US homeowners who now run their homes on solar energy, saving them thousands of dollars in the process. In an industry riddled with pushy salespeople and questionable sales tactics, homeowners find Monalee's digital-first approach simple and straightforward.

From Halty's lens, the future of Monalee looks bright. "Installing solar or storage should be easy, digital, and delightful. With the right technology and the best minds focused on this, we can build a necessary and sustainable future for our kids," he shares.

Monalee is now available in 24 US states and growing: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Maryland, Missouri, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Washington State, and Virginia.

About Monalee

Monalee is a climate tech company that is accelerating the adoption of home solar, storage, and EV charging. By leveraging powerful machine learning and removing salespeople and system designers from the process, we are able to secure the same solar panel systems for homeowners at half the price compared to the top traditional solar companies in the U.S., making us the fastest, most efficient way to go solar. More information can be found on Monalee.co and on LinkedIn.

About Walid Halty

Walid started his career in climate technology at Tesla, where he was one of their leading solar managers. He then founded Colossus.com (acquired by PX.com), a leading solar marketplace. He founded Monalee in 2022 with the conviction to leverage the latest methods in machine learning and consumer-centric UI/UX to digitize the end-to-end home electrification experience and lower the barriers many homeowners face when going solar. He is now also a part-time coach at Dreamfuel.com helping other founders with mental performance using neuroscience-based methods.

Walid Halty

Co-Founder

Monalee

walid.halty@monalee.co

Media Contact

Walid Halty, Monalee, 1 650-899-8727, walid.halty@monalee.co, https://monalee.co

View original content:https://www.prweb.com/releases/climate-tech-company-monalee-now-available-in-24-us-states-302153882.html

SOURCE Monalee