GridShare has launched its new online crowdfunding platform to help global renewable energy projects and cleantech companies raise capital.
The new GridShare portal will help create a framework where investors can independently engage with project owners seeking funding.
Using GridShare, potential investors will be able to examine investment opportunities in various renewable energy sectors. The platform is also planning to host funding opportunities for energy efficiency initiatives and early-stage clean technology ventures.
It has received authorisation from the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to conduct securities offerings under SEC Regulation Crowdfunding.
GridShare's chief executive officer (CEO) and co-founder Jack Jacobs said: “Raising money has been a huge impediment to the growth of the capital-intensive renewable energy industry.
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“Now, with GridShare's help, a project developer or cleantech venture can tap into a new funding channel and ultimately spend less time fundraising and more time focusing on its core business.”
Initial offerings on the new GridShare.com platform include a $250,000 secured debt offering for a community solar project, a $350,000 equity offering for a floating solar project.
In addition, GridShare allows project owners to post their project on its site free of cost. It also offers opportunities to investors to review the project details and invest online.
A range of optional services, including assistance in preparing listing materials, filing forms, facilitating investor webinars, and managing the security offerings are also available through this platform.