March 20131Photo Credit: Angaza Design
Problem          1.5 billion living without    electricity, spend 25-30% of their         income on dirty energy*600 milli...
Opportunity    •   Abundant solar power and huge demand        exist in developing & emerging markets    •   Technology is...
Let’s finance the off-grid solar revolution ourselves!                       Our Solution:              1                 ...
Types of solar projects     Lights & phone charging   PV systems for homes, schools, hospitals        Cell phone towers   ...
Need for short-term financing in    developing country markets                                              Companies need...
A small team fueled by a big mission            Catalyze $1 billion into off-grid solar projects and              empower ...
What we’ve done so far…    •   Launched 5 solar projects with 3 partners    •   Catalyzed $70,000 in loans to high-impact ...
Due diligence framework                                (how we select and vet partners)    Risk Factors              Due D...
Advisors & PartnersADVISORS                                                       PARTNERSPhil LaRocco       Founder of E+...
Thank you!For more information on SunFunder please contact:                  Ryan Levinson          ryan.levinson@sunfunde...
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SunFunder deck

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Learn about how SunFunder is helping solve one of the world's most pressing problems; energy poverty.

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SunFunder deck

  1. 1. March 20131Photo Credit: Angaza Design
  2. 2. Problem 1.5 billion living without electricity, spend 25-30% of their income on dirty energy*600 million with cellphones but no convenient way to charge them*Kerosene claims the lives of 1.5 millionpeople, mostly women, every year3
  3. 3. Opportunity • Abundant solar power and huge demand exist in developing & emerging markets • Technology is now affordable • Solar entrepreneurs are solving distribution and end-user payment challenges for off-grid communities Photo by SolarAid • However, without access to finance these companies can’t grow their businesses and scale their impact3
  4. 4. Let’s finance the off-grid solar revolution ourselves! Our Solution: 1 2 3 Build a simple Meet solar Post these projects crowdlending companies, conduct and their impact on platform & amazing due diligence and www.sunfunder.com community select great projects 6 5 4 Together, empower Update & repay our Get these projects millions of lives community as fully funded and with access to solar partners implement facilitate loans to energy! projects our solar partners4
  5. 5. Types of solar projects Lights & phone charging PV systems for homes, schools, hospitals Cell phone towers Micro-grids5
  6. 6. Need for short-term financing in developing country markets Companies need affordable, short- term, working capital & project finance loans. Banks: • Prohibitive criteria • High interest rates (15-30%) • Uninterested SunFunder • Relationship oriented • All-in financing cost: 8 – 12% Photo by World Bank • Access to a community6
  7. 7. A small team fueled by a big mission Catalyze $1 billion into off-grid solar projects and empower more than 150 million lives by 2020Ryan Levinson Audrey Desiderato Sameer Halai Cindy Nawilis Fredys RomeroFounder & CEO Co-Founder & Solar Product Lead Community Platform Engineer Partnerships Engagement• Previously VP solar • Previously E+Co • Previously IBM, • Software engineer, project Fellow & energy Microsoft Fuse • Previously with Linux/ PHP guru investments, Wells analyst Labs Kopernik and TEDx • Founder of Beitech Fargo • Founding team • UX Director at• Led $500m inv. in member at GOOD Limeade 150+ projects7
  8. 8. What we’ve done so far… • Launched 5 solar projects with 3 partners • Catalyzed $70,000 in loans to high-impact off-grid solar projects • Solar empowerment for more than 20,000 people • Developed an exciting project pipeline for 2013 • Built a talented, passionate & diverse team • Hub Ventures Spring 2013 Cohort • Won Facebook/ Cleantech Goes Social Contest8
  9. 9. Due diligence framework (how we select and vet partners) Risk Factors Due Diligence Coverage Project  Developer track record, staff capacity dev’t/completion risk  Key supplier/distributor relationships in place to execute  Proven sales/direct finance model Developer financial  Financial health metrics: Liquidity & DSCR, Profitability, Leverage, FX exposure risk  Past repayment track record  Availability of guarantees, security deposits End user  Appropriate price point & customers incentivized to pay repayment/credit risk  Robust collection & repayment tracking systems Technology risk  Technology track record  Manufacturer warranties and/or guarantees  Robust in-field O&M support provided after sales International  Avoid countries with legal complications for foreign lending or unacceptable political/currency risk debt collection laws  Stress-test on financial health metrics under negative currency movement scenarios P.S. We combined best practices from Kiva, E+Co and Wells Fargo Environmental Finance9
  10. 10. Advisors & PartnersADVISORS PARTNERSPhil LaRocco Founder of E+Co Pro bono legal support:Tonio DeSorrento Financial securities lawyerRoma Jhaveri Managed Kiva platform & systems Matching Fund:Joe Kastner Founder of MMA Renewable VenturesTim Hassett Led Kiva’s field partner Spring 2013 Cohort: relationshipsAthena Leads energy access at WRIBallesterosBarry Neal EVP Wells Fargo Winner: Environmental financeCraig Kline Solar project finance lawyer (Facebook & Cleantech Goes Social Contest)
  11. 11. Thank you!For more information on SunFunder please contact: Ryan Levinson ryan.levinson@sunfunder.com Audrey Desiderato audrey.desiderato@sunfunder.com

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