Solteo has raised €1.5 million to enhance its all-in-one platform focused on streamlining operations for solar installers in France, targeting significant growth in a rapidly expanding market.

Information on the Target

Solteo is an innovative startup dedicated to streamlining operations for solar installers through its comprehensive all-in-one platform. The company aims to enhance efficiency and reduce administrative burdens associated with solar project management. Since its inception in July 2023, Solteo has effectively supported over 10,000 projects via a growing network of more than 100 clients. By integrating essential workflows including technical studies, financial assessments, and on-site visits, Solteo is addressing the significant inefficiencies currently prevalent in the solar installation industry.

Industry Overview in the Target's Specific Country

The solar photovoltaic market in France is experiencing substantial growth, with nearly one million residential rooftops equipped with solar panels. Aiming to quadruple this number to four million by 2030, the demand for efficient solar installation solutions is critical. Currently, around 4,500 active solar installers, predominantly small to medium-sized enterprises, are finding it challenging to keep pace with this increased demand amid logistical and administrative hurdles.

Despite a thriving market, many of these small businesses are hindered by the reliance on disparate tools for project management, leading to operational strain and deployment delay