Purpose ESG Holdings Inc. has invested in Stardust Solar Technology Inc., a leading Canadian solar and EV charging franchiser, to leverage its growth potential in the expanding North American solar market.

Target Company Overview

Stardust Solar Technology Inc. is a prominent Canadian franchiser and trainer focusing on solar energy and electric vehicle (EV) charging solutions. With its headquarters in British Columbia, the company has established a robust network of over 2,500 trained and certified solar professionals spread across Canada and the United States. Stardust Solar is actively expanding into U.S. markets leveraging its successful business models that have driven significant growth over the past three years. The firm operates through three primary revenue-generating entities: Stardust Solar Technologies, Stardust Solar Franchise, and Stardust Solar USA.

Stardust Solar is uniquely positioned in the industry due to its comprehensive end-to-end value chain models. This competitive edge allows them to efficiently serve both residential and commercial markets. Furthermore, Stardust Solar has ventured into the electrification space by becoming a Tesla Certified reseller and installer of Tesla PowerWall energy storage systems, thereby enhancing its capability to provide integrated clean energy solutions.

Industry Overview

The solar market in North America is witnessing unprecedented growth, driven by increasing adoption rates within the under-invested residential and commercial sectors. Currently, Canada boasts approximately 43,000 solar installations, reflecting significant momentum within the industr