A place of calm in a chaotic world. French startup Solaire Box has announced an investment of €1.4 million, thus closing its pre-Series A round. Supported by both investment funds and private investors, Solaire Box hopes to expand the construction of its products: eco-friendly wooden houses. With a unique approach and innovative manufacturing process, this French startup hopes to build a name for itself in France and abroad.
Building An Eco-Friendly Home With Solaire Box
The Paris-based startup was founded in 2014 with the aim of developing a brand new range of eco-buildings. Solaire Box’s constructions strike a balance between the light construction market and the solar photovoltaic industry. Its main product is its turnkey timber frame constructions: Les Solaire Box. Priced at €1,700-2,000 per square meter, these houses come fitted with solar roofs coupled with their own energy storage system. This enables them to be installed in even the most remote places on the planet.
With a sturdy wooden frame of French pine and wood fibre that offers optimal thermal performance, ten-year warranty for the construction and a 25-year guarantee for the power part of the solar panels, Solaire Box is offering a unique alternative to traditional housing. The company is encouraging its customers to make the move towards a zero-carbon lifestyle and fight global warming in a stylish and comfortable manner.
With new shareholders behind its most recent investment, these individuals have joined investment fund AVIVA Impact Investing, Inter InvestCapital and numerous individual shareholders (via the platform Sowefund) in supporting the startup’s efforts. Thomas Coquil, President and co-founder of Solaire Box, was delighted to announce the news: “We are proud of the trust placed in us by our investors, both existing and new, and are delighted that they offer us the means to work even further towards the ecological transition. A revolution is underway in the field of sustainable housing, and this is the perfect time to seize this opportunity. These funds will enable us to integrate innovative new devices into our products, and accelerate the commercial rollout of our range of homes launched in October 2019.”
With these funds behind it, Solaire Box hopes to implement its innovation programme in 2020, which will allow for new eco-components to be integrated into its models. This will allow for green heating options, improved batteries, increased customisation potential and additional energy-related services. With 100 projects completed to date, the startup aims to reach a figure of 635 by 2023.
Source: EU-Startups