Solar MD: Funding, Investors & Team (Oct 2026)
Solar MD specializes in Lithium-Ion battery storage for residential, commercial and utility scale applications Our energy storage products are produced from the safest Lithium-Ion technology battery cells. These battery cells are based on the most advanced Lithium Iron Phosphate chemistry available. Solar MD designs the intelligent battery management system inhouse. This design allows cell level monitoring, protection and control. Major inverter brands are compatible with Solar MD systems. Our solutions are compatible with low voltage as well as high voltage power conversion systems. Off-grid solutions simultaneously combined with Wind, Solar or Diesel. Grid-connected for extended self-consumption, power outage protection, peak shaving or energy shifting. Solar MD energy storage solutions are explicitly manufactured in a state of the art modern technology factory in Cape Town, South Africa. Produced in Africa for Africa.
Solar MD has raised $2.2M across 2 funding rounds on record, the most recent an undisclosed round of $1.1M announced in Feb 2023.
That round is below the $8.0M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
Solar MD Company Profile and Key Stats
Latest funding round on record: Feb 2023.
Solar MD Funding Rounds
Solar MD raised $1.1M in a Debt Financing announced in Oct 2022.
4 months later, an undisclosed round of $1.1M was announced in Feb 2023.
Solar MD Founders and Leadership Team
No contact details are on record for this team yet.
Solar MD Funding Compared to Other Consumer Electronics Startups
Solar MD's latest round of $1.1M is below the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
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Solar MD Funding FAQs
What does Solar MD do?
Solar MD specializes in Lithium-Ion battery storage for residential, commercial and utility scale applications Our energy storage products are produced from the safest Lithium-Ion technology battery cells. These battery cells are based on the most advanced Lithium Iron Phosphate chemistry available. Solar MD designs the intelligent battery management system inhouse. This design allows cell level monitoring, protection and control. Major inverter brands are compatible with Solar MD systems. Our solutions are compatible with low voltage as well as high voltage power conversion systems. Off-grid solutions simultaneously combined with Wind, Solar or Diesel. Grid-connected for extended self-consumption, power outage protection, peak shaving or energy shifting. Solar MD energy storage solutions are explicitly manufactured in a state of the art modern technology factory in Cape Town, South Africa. Produced in Africa for Africa.
How much funding has Solar MD raised?
Solar MD has raised $2.2M across 2 rounds on record. The most recent is an undisclosed round of $1.1M announced in Feb 2023.
When did Solar MD last raise funding?
Solar MD's most recent funding round on record is an undisclosed round of $1.1M, announced in Feb 2023.
Who is the CEO of Solar MD?
Kaloyan Dimov is listed as CEO at Solar MD.
Where is Solar MD headquartered?
Solar MD is based in Cape Town, Na - South Africa, South Africa.
How many employees does Solar MD have?
Solar MD is in the 101-250 employee band.
How does Solar MD's funding compare to other Consumer Electronics startups?
Solar MD's latest round of $1.1M is below the $8.0M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's Solar MD Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Solar MD is left off this page rather than filled in.
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