Yeloha

Company Overview

Snapshot

Founded in January 2012 by Amit Rosner and Idan Ofrat, Yeloha operated with 1–10 employees. The company raised $4.5 million across two funding rounds from two investors. In April 2015, Yeloha secured $3.5 million to launch its peer-to-peer solar network in the U.S.

Business overview

Yeloha developed a solar-sharing platform designed to democratize access to solar energy, making it available to a broader population regardless of location or economic status. The company's core technology aimed to simplify the adoption of solar energy systems, enabling users to save money and support local economies. Operating within the Energy Tech sector, Yeloha focused on the renewable energy market, specifically targeting residential and commercial customers within the United States.

Strategic signal

In May 2016, Yeloha announced its decision to cease operations, as detailed in a LinkedIn post titled "Lights Out for Yeloha - Why We Shut Down the Solar Sharing Network." This event signals a significant challenge in the peer-to-peer solar-sharing model, indicating potential difficulties in market adoption, regulatory hurdles, or business model sustainability within the energy tech landscape. For investors, it highlights the inherent risks and rapid shifts possible in innovative energy markets.

Company Intelligence Q&A

What was the primary reason for Yeloha ceasing operations?

In May 2016, Yeloha announced its decision to shut down the solar sharing network, as detailed in a LinkedIn post titled "Lights Out for Yeloha - Why We Shut Down the Solar Sharing Network."

When did Yeloha secure funding to launch its U.S. operations?

In April 2015, Yeloha secured $3.5 million to launch its peer-to-peer solar network in the U.S.

Which investors participated in Yeloha's funding rounds?

In April 2015, Yeloha received funding from Guy Gamzu and Viola Ventures. Guy Gamzu also invested in September 2012.

What was the total capital raised by Yeloha?

Yeloha raised a total of $4.5 million across two funding rounds.

What was Yeloha's initial public announcement regarding its solar community?

In December 2013, Generaytor, Yeloha's subsidiary, announced its online community as the first "Try Before You Buy" platform for solar energy.