SunTechDrive, LLC

SunTechDrive's PicoCell 3500 Co-Op

Boulder, Colorado

https://www.suntechdrive.com

Total Raised
$70,497.00
Total Payout
$77,568.12
Instructions

Inventory Visibility Type

23.62% Annualized $112.24 profit per pack

5.2 MonthsCo-Op Completed

69% PercentileAnnualized Co-Op Profit Margin Rank

SunTech Drive's original charter was to provide a universal solar pump controller, the PicoCell 2000, for agriculture and industrial applications.   The PicoCell 2000 was unprecedented tech in the world of solar and was well-received by the solar community in 2017 and 2018.  During this time, relying heavily on the Voice of the Customer, we learned that the industry wanted more from SunTech.  So our engineers went to work and developed the PicoCell 3500 (more power) and the PicoBlender 2500 (blending AC grid and DC solar power).   

In May 2019, we ran a successful KickFurther co-op(thanks buyers!), where we were able to make early payments on 96k and earn a 5-star average rating.   In that inaugural co-op, we mentioned that we had recently signed a multi-year contract with a tier-1 pump OEM.  **Good News Alert!**  We ramped production and began shipping against that contract this year.  We also started seeing repeat orders from distributors in the solar and ground water channels.  As a result, we were able to quadruple all 2018 revenue in the first six months of 2019.  

This is the 2nd of 3 Co-Ops for the product orders that we are placing in the next couple weeks.  Each controller has a unique cost and quantity, which made creating a consistent pack-size challenging.  After consulting with our friends at Kickfurther, we thought it may be a good idea to run a separate co-op for each product.  All three co-ops will have the same Co-Op Overview, and backers will have the flexibility to support the Co-Op for the product that best suits them.

If you follow or are interested in AC/DC power blending (blending solar and grid power), the PicoBlender 2500 immediately caught the attention of Southern Cal Edison.  They funded a SunTech installation at a large California dairy (think thousands of cows) to understand if grid power could be used to augment solar power - not the other way around! - to run the industrial fans that keep the cows cool.  In 2019, the system was commissioned, and the project is being audited by a third party in real-time. Preliminary results are promising, and you can read more about the project here.  

In 2018, SunTech also entered into a partnership with Google and Stanford University, funded by the DoE, to accelerate the realization of Smart Grid technology using a platform built around our PicoBlender 2500.  The first network was deployed in California in early 2019.  Where energy costs are high (CA) and loads on the grid are heavy and inconsistent (dairies), our core technology provides line-of-sight to better energy utilization.  You can read more about this project here.  


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