This startup solves urban solar installation challenges with support from government initiatives and Zerodha founder Nithin Kamath

Problem: Many urban residents in high-rise or low-rise buildings lack rooftops to install solar panels. Solution: SundayGrids startup offers an innovative solution for these individuals.

PM Surya Ghar Yojana: Launched by the government to encourage solar panel installation on residential rooftops. Challenge: Urban dwellers without rooftops cannot benefit from these schemes.

Objective: To provide a solution for urban residents who cannot install solar panels due to the lack of rooftops.

Approach: Install solar plants at other locations and allow people to reserve capacity based on their investment.

Credit System: Generates credits from the reserved solar capacity, which can be used to reduce electricity bills.

Regulatory Support: Increasing government regulations promote third-party solar models, benefiting more urban residents.

Community and Digital Integration: Combines the advantages of community, digital, and gross metering for a broader reach.

Startup Founders: Mathew Samuel, Naseer Sathyala, and Tarun Joseph.

Investment: Residential users invest in solar panel installations. Pooling: A group of investors pools resources to install solar panels on commercial or industrial rooftops. Revenue Generation: Commercial users sell and use the generated electricity, creating revenue. Return for Investors: Residential investors receive credits, which can be used to offset electricity bills, along with potential subsidies and earnings.