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SolarHome appoints Mr.Vaishnav Sunil as a Chief Financial Officer
SolarHome appoints Mr.Vaishnav Sunil as a Chief Financial Officer

Yangon,22nd June,2017: SolarHome, a first mover in the Pay As You Go solar space in South East Asia, is pleased to announce that Mr. Vaishnav Sunil has joined the team as Chief Financial Officer. He will be responsible for fundraising, investor relations, structuring, balance sheet optimisation, financial controls and compliance. As SolarHome continues to extend its network and product suite in Myanmar, he will play a strategic role in scaling the company’s operations and mitigating the financial risks associated with the same.

Vaishnav brings with him experience from both banking and venture capital. He was previously a part of the Investments team at tryb Capital, a fintech focussed venture capital firm based in Singapore. Prior to tryb Capital, he   worked with JP Morgan's Asset Management franchise in Southeast Asia where he advised family offices and individuals on investments, credit solutions and structuring. He brings with him the right financial management skills along with a track record of dealing with both private and institutional investors.

He says “SolarHome presented a very exciting opportunity for me - to work in a lucrative space in a fast growing market while creating immensely positive social impact. As I see it, Solar Home is special in its ability to combine the agility of a startup with a bottom line focussed, experienced management team. The level of interest the company has generated with both investors and consumers thus far is a testament to the same.”

Fedir Martynov, CEO of Solar Home comments "We are thrilled to have Vaishnav on board and it shows how quickly we are moving to scale up our operations and put a professional team in place. This is timely for us as we are at an inflection point in our business where we have to grow our balance sheet without taking our eyes off the operational efficiency.”

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 About Solar Home

Solar Home provides a clean energy solar system to households in remote areas with a Pay As You Go payment model, structured to offer customers with an affordable payment system. It was founded in 2016 as one of the investments of Forum Capital, a leading investment firm in Singapore. For more info, please visit http://solar-home.asia/en/

Media contact person

Phoo Pyae Pyae Soe

Email: phoo@solar-home.asia

Phone: 09 455160638

Small entrepreneurs in rural Myanmar need solar lighting to grow their business
Small entrepreneurs in rural Myanmar need solar lighting to grow their business

Yangon, 31st May, 2017: SolarHome reveals that around one third of its customers are local entrepreneurs. Among them are grocery shop owners, fruit shop owners, small restaurant owners and other businesses such as duck farms. Because of this, entrepreneurs and small businesses are likely to choose a PAYG lighting option with an affordable monthly payment. 

"I prefer to pay a monthly fee for two years for reliable light because it enables me to put more money into my business and make an immediate profit," said Daw Myint Kyu, betel shop owner. 

At the same time having efficient and independent solar lighting can become a competitive advantage. While competing fruit shops on the road are use the minigrid which switches off at 9 pm, SolarHome clients can sell fruit later and earn more.   

“ Snakes usually hunt the ducks at night. Staying in the dark is too dangerous for us when we guard the farm and life can be short for the little ducklings who are most frequent victims of the snakes. Egg production rate is also greater in the light and leads to more income. Since the light is so important my sons used to drive motorbikes twice a day to charge our batteries in order to keep the lights on the whole night. This time would have been much spent working on the farm. After buying 3 solar home systems from SolarHome we now have much better light, more free time, and we are spending less for motorbike fuel,” said U Hla Aung, owner of a duck farm in Myaung Mya neighborhood. 

By fostering rural entrepreneurs and farmers with PAYG solar business services in the Ayeyarwady division, SolarHome is positioning itself as a for-profit responsible business with impact at its heart. 

About Solar Home

Solar Home provides a clean energy solar system to households in remote areas with a Pay As You Go payment model, structured to offer customers with an affordable payment system. It was founded in 2016 as one of the investments of Forum Capital, a leading investment firm in Singapore. For more info, please visit http://solar-home.asia/en/

Media contact person

Phoo Pyae Pyae Soe

Email: phoo@solar-home.asia

Phone: 09 455160638

SolarHome makes $25 million Myanmar investment commitment
SolarHome makes $25 million Myanmar investment commitment

Yangon, 25th April, 2017- SolarHome, a PAYG solar energy provider for off-grid households in Myanmar, officially announced a $25 million investment commitment in Myanmar over the next five years. This year, SolarHome will raise $ 1.5 million for operations in Myanmar.

SolarHome launched in early January this year starting with a basic lighting pilot project product in February and has invested $400,000 USD so far. The Company believes that this investment will contribute greatly to the development of off-grid power access and the use of clean energy.

According to the World Bank report in 2014, 68% of the countryhas no access to electricity which is a basic need of every household. Power enables villagers increased opportunities for income, education, a higher quality of life, and is the first step out of poverty. Fostering affordable solar energy access for rural households, SolarHome is expected to transform the livelihoods of of the rural population according to its mandate: "Powering Home Empowering People".

About Solar Home

Solar Home provides a clean energy solar system to households in remote areas with a Pay As You Go payment model, structured to offer customers with an affordable payment system. It was founded in 2016 as one of the investments of Forum Capital, a leading investment firm in Singapore. For more info, please visit http://solar-home.asia/en/

Media contact person

Phoo Pyae Pyae Soe

Email: phoo@solar-home.asia

Phone: 09 455160638

SolarHome reaches over 100 customers in two months after launch
SolarHome reaches over 100 customers in two months after launch

Yangon,1st April, 2017 SolarHome is pleased to announce that first 100 customers subscribed to Pay As You Go solar lighting products in two months after launch in Ayeyarwaddy division. SolarHome is covering around 20% of Ayeyarwaddy division territory and is present in 53 villages in the area.

“We have chosen Ayearawady as our pilot area because this territory contains different customer segments, many farmers live here, as well as wood and charcoal sellers and lthere are many fishermen villages along the coast. This allows us to see how different customers respond to our market proposition. Apart from that the Ayearawady terrain is very different andwe can develop different delivery and logistics approaches” - says Mila Bedrenets head of Sales and Marketing for SolarHome.

SolarHome operates as a responsible company showing its commitment to drive the development of community in terms of educating the villagers on installation of the Solar lighting products, providing the necessary information and technical support through customer care and offering free delivery and installation in the customer`s home.

U ManeCho who lives in Kyalanchaung village said “I didn’t know that there would have some technical things that should be aware in solar panel installation. For instance; solar panel should be displayed at 17 degree facing the sunlight on the roof. Honestly, I didn't get that point before. Thanks to SolarHome’s team, it is great to learn new things on Solar lighting product. I am sure I could share my knowledge to my friend in villages.”

At the same time, SolarHome is preparing to extend its coverage regionally while strategically operating its regional office in Pathein and scaling up its sales team. Furthermore, SolarHome well-trained sales promoters will be in front line to educate villagers on the right ways to install and use solar panels and appliances.

About Solar Home

Solar Home provides a clean energy solar system to households in remote areas with a Pay As You Go payment model, structured to offer customers with an affordable payment system. It was founded in 2016 as one of the investments of Forum Capital, a leading investment firm in Singapore. For more info, please visit http://solar-home.asia/en/

Media contact person

Phoo Pyae Pyae Soe

Email: phoo@solar-home.asia

Phone: 09 455160638

SolarHome installs  first solar system on PAYG principle
SolarHome installs first solar system on PAYG principle

Yangon, 22nd January 2017 - SolarHome, a fresh new solar company, successfully launched its first product to reach the tremendous potential market in Ayeyarwaddy region.  Importing the sustainable Pay As You Go model from from Africa, SolarHome is one of the first successful companies to pioneer this market in Myanmar. In order to enhance the benefits for customers, it aims to supply environmentally friendly solar products at a reasonable long run price.

As a good start, its first system was installed on the launch date at U Thein Aung's home, the very first customer. U Thein Aung runs a  grocery shop. He has been living in his village for many years and was using different means to get light in the evening, first candles and then battery powered lights. Today he is happy to own a SolarHome system which saves him time and supplies reliable light in his house. Now he doesn`t have to kill an hour of daylight each day traveling to charge his battery from a diesel generator.

U Thein Aung, a 60 years old man, is smiling: “I am very grateful to see my home like this. I wish I would have owned this system many years ago. As of today, I am able to open my shop till late in order to earn more money. And my grandchildren will have the opportunity to study more to pursue better future opportunities.”

For most households in villages which don't have any proper electricity access in the area people are eager to switch to solar energy, but purchasing a full solar set is expensive. Regular service payments with the SolarHome Pay As You Go system enables them to save money on the initial payment, adopt clean and green energy, and have brighter and more reliable light than they used to have. The SolarHome team is confident to make people like U Thein Aung happy and to support the social economic development in the villages.

About Solar Home

Solar Home provides a clean energy solar system to households in remote areas with a Pay As You Go payment model, structured to offer customers with an affordable payment system. It was founded in 2016 as one of the investments of Forum Capital, a leading investment firm in Singapore. For more info, please visit http://solar-home.asia/en/

Media contact person

Phoo Pyae Pyae Soe

Email: phoo@solar-home.asia

Phone: 09 455160638