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A solar panel company in Austria uses crowdfunding to stay flexible

Interested Austrians can now participate in the company “Elektrotechnik Leitinger Photovoltaik.” The two owners are about to launch a crowdfunding campaign on Green Rocket in order to raise the money they need to further develop the company. Shortly after its market launch, the solar fence already generated orders worth $280,000 (€260,000); in 2020 it was worth $367,000 (€340,000).

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This picture show a couple of solar panels.

Robert Leitinger and Bernhard Stöckl of “Elektrotechnik Leitinger Photovoltaik” from Leogang presented their bifacial solar fence at the Puls 4 Start Up Show “2 Minuten 2 Millionen”. During the TV show, they were even able to convince two investors – Martin Rohla and Leo Hillinger – of their product and win them over for investment.

If you want to find out more details about the crowdfunding campaign that is about to be launched by the company “Elektrotechnik Leitinger Photovoltaik”, download the Born2Invest mobile app. Read the most important business headlines with our companion app.

The owners decided to end the collaboration with the two investors

“After our successful appearance, we have intensively dealt with the future of our company and have worked out plans,” the entrepreneurs explained. In the process, they have discovered that flexibility is particularly important in their industry.

“Especially when it comes to sustainable energy and achieving climate targets, you have to act quickly and un-bureaucratically,” they are convinced. “However, the sale of the company’s shares to the investors severely curtailed the company’s flexibility. We have, therefore, decided to terminate this cooperation.”

Crowdfunding campaign on Green Rocket

The two Leoganger have found an even more efficient way to create investment opportunities, improve their marketing and expand their staff: Via the “Green Rocket” platform, they want to offer interested parties the opportunity to participate in the company by means of crowdfunding.

“The product expansion for the private sector is extremely important to us,” informed Robert Leitinger and Bernhard Stöckl. “On Green Rocket, Austrians have the opportunity to invest in our company for five years – and with a very good interest rate of 5.5%. Those who are quick will even get 6.5 % per year.”

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Staying flexible and successful thanks to crowdfunding

Especially now it is not a matter of course to be able to hire new employees. Due to the high demand for solar fencing and agro-photovoltaics, however, this is necessary. In addition, the two entrepreneurs are convinced that the lead must be maintained.

“Crowdfunding enables us to continue working successfully and still remain flexible,” said Robert Leitinger and Bernhard Stöckl. The two now hope for as many supporters as possible.

In order to generate solar power, most photovoltaic systems are installed flat on roofs or green spaces – but this has a decisive disadvantage: they collect most of the energy at lunchtime. The overproduction of electricity pushes down the price of electricity; power grids are overloaded.

The specialist for PV systems, Elektrotechnik Leitinger Photovoltaik GmbH, has developed the “bifacial solar fence”, a product that collects solar energy on two sides through vertical installation. In this way, up to 10 % more electricity can be produced in the morning and evening – away from peak times – which can achieve up to 10 % higher prices.

Private households and agricultural businesses are among the satisfied customers, as is Wien Energie, one of the largest electricity suppliers in Austria. Shortly after its market launch, the solar fence already generated orders worth $280,000 (€260,000); in 2020 it was worth $367,000 (€340,000). With annual sales in 2019 of more than $1.08 million (€1 million), Elektro Leitinger intends to continue on this successful path and establish the “bifacial solar fence” throughout Austria.

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(Featured image by mrganso via Pixabay)

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First published in meinbezirk.at, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Leah Marie Angelou is an LGBTI activist and equality advocate. She has been a writer for several feminism-focused groups for nearly a decade. Her pieces are often focused on career development and the workplace. She also regularly covers personal and micro-finance, business management and entrepreneurship. Recently she has also focused on covering the promising CBD and hemp industry.