In December ‘17, before leaving for winter vacations after the seventh-semester examinations, Siddharth Gangal and Ankush Jindal, two students of IIT Mandi, started a project of creating a tool to spread awareness about solar energy in residential rooftops. Both believed that a key piece in accelerating solar adoption is awareness of the true potential of solar energy, that is no one is aware of how much solar can save for any given roof. Siddharth validated this by surveying a lot of homeowners and most of them were unaware of estimated benefits of solar energy. So, Siddharth and Ankush started with an idea to estimate the solar potential of each roof in the country and then inform the homeowners using a web-based platform. Thus, The Solar Labs was found. At the same time, IIT Mandi Catalyst opened up their exploration program where, after pitching, The Solar Labs got selected and started receiving mentorship and support from Catalyst. Both Siddharth and Ankush declined their job offers to see the potential impact they can make through The Solar Labs.
And gradually they got into IIT Mandi Catalyst incubator program and started working on the product full-time once they were out of the college. They were joined by two of their batchmates, Awsin and Abhay, from IIT Mandi who brought excellence in software technologies. Catalyst seed funded this start-up and cut to the current time, The Solar Labs is an IIT alumni founded startup bringing AI technology to the solar industry. The Solar Labs started with a vision to accelerate solar adoption in the world. The company aims to do this through development of AI based technology.
TSL’s SaaS product for solar installers helps them design better PV systems and convert more customers. The second product SunStone is a website where people can learn about solar on their rooftop with panels, 3D models and energy & financial payback figures, so they can take an informed view on adopting solar. Design Studio is used by the largest solar installers and numerous SMEs across India and TSL has signed partnership MOUs with Indian governments to promote the SunStone website for their citizens and with Energy Efficiency Services Limited (EESL) in supporting EESL with consultancy and software services with an expected target of 1 GW over 2020-21 FY. In 2018, TSL raised 15 Lakh from IIT Mandi Catalyst and external funding of 80 Lakhs from reputed accelerators and investors.