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.
"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."
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