Many of us who live in apartments are not able to access solar power, as we have limited roof space to install solar panels. Samuel Mathew from SundayGrids enables us to buy a portion of a solar power plant from anywhere in India and use it to lower our power bills.
Mathew along with his friends Naseer and Tarun started SundayGrids, in 2020 by setting up a pilot project of 5 kilowatts which was subscribed to by 45 customers. The project has been running for 2. years and SundayGrids is now looking to scale.
While fractional asset ownership is gaining popularity, with several startups facilitating access to this new investment class, SundayGrids stand out, due to the simplicity of its offering; the promise of lower power bills through solar.
Mathew and I had an interesting conversation about
1. How he and his friends founded Sunday Grids
2. Business model of SundayGrids
3. Regulations governing digital solar
4. Opportunities and challenges for scaling SundayGrids