Ruuf – the very first household solar industry in Latin America – is below.
Following week, Ruuf will certainly be just one of extremely couple of Latin American start-ups signing up with Y Combinator W23.
Collab initially bought Ruuf’s preseed in July, 2022. We were motivated by the group, the marketplace tailwinds, and also their vision for business.
Because our first financial investment, we have actually been fortunate to witness the group go from suggestion, to MVP, to a functioning item with delighted clients. Ruuf shut 2022 with ~$500K in scheduled planetary systems.
Domingo and also Tomas both originated from a civil design history and also have experience in Chilean power business consisting of AES Company and also Tesla. They additionally each started a business before Ruuf, among which was a photovoltaic panel installment firm called Helios.
After obtaining their MBAs at Harvard and also Berkeley, specifically, they started Ruuf with the goal of making solar power available to every home owner in Latin America. Pedro signed up with Ruuf in Autumn ‘22 as a founder and also CTO; he was the very first staff member at the Chile-based ‘soonicorn’ Fintual, and also had actually formerly invested 2 years at Google.
In a previous Collab post, Latam x Sustainability, we blogged about the positive tailwinds behind renewable resource for the area and also exactly how our financial investment in Ruuf fit within that thesis. Latin America is residence to a few of the nations with the highest possible solar radiation worldwide, making it a dreamland for solar power growth. As nations relocate far from hydropower to even more trustworthy and also economical services, solar power is an eye-catching alternative.
The inquiry is – what will drive fostering?
When it comes to home owners, the inspiration should be monetary. It should pass the bad guy examination.
Establishing nations are identified with development and also possibility, yet they are additionally puts where many individuals live day after day and also are extremely set you back delicate. Not to state that individuals do not respect battling environment modification, yet – generally – that is not an adequate factor to alter habits.
Chile – Ruuf’s first target audience – has actually gone to the center of making use of policy to advancement solar power fostering.
Chile’s brand-new power plan intends to have 80% of the power usage originating from renewables by 2030. With the application of the Web Invoicing Legislation in 2014 and also the Dispersed Power Legislation 21.118 in 2018, clear monetary rewards were developed for those that purchase household solar. House owners are permitted to infuse power back to the grid, make money a reasonable rate, and also make use of the excess to net their costs (even more below).
With an eye-catching worth recommendation for household solar in Chile, crucial stakeholders consisting of installers, loan providers, and also home owners require to work together to make the shift a fact.
That’s where Ruuf can be found in – a system that makes it simple to go lengthwise.
House owners can go on the internet, obtain a quote, include a funding strategy, and also obtain assistance with the installment and also past. The on-line procedure takes 3 mins and also needs 2 inputs: the address and also power usage. With this Ruuf gets rid of the majority of the rubbing that home owners need to experience to go solar.
We might not be a lot more fired up regarding collaborating with the Ruuf group and also sustaining their vision to link the crucial community stakeholders to increase the shift to solar. Their trip is simply starting!
If you want to talk regarding Ruuf or are developing something that will certainly sustain the shift to renewable resource in the area, please connect! We’d like to conversation.