High energy prices are leading to a solar boom across the world, but in Singapore, many home owners are still hesitant to install solar panels because of the high cost, says Bolong Chew, the founder of Solar AI Technologies. The startup wants to make solar energy more accessible in Southeast Asia with a rent-to-own model that helps customers start saving on their energy bills from the start. It recently raised $1.5 million in seed funding, led by Earth Venture Capital with participation from Undivided Ventures, Investible and climate-tech angel investor David Pardo.
Solar AI was launched three years ago and incubated through Engie Factory, the venture arm of French utility company Engie Group. Chew, who founded the company along with Gérald Chablowski and Luke Ong, said the team realized that one of the barriers to rooftop solar adopt …
