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.”
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.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Bitcoin volume has increased massively
On June 2nd, the Bitcoin price surprised with a jump above the $10,000 mark. The most recent study published by...
Hyloris will be listed on Euronext Brussels
The Liège-based biotech company, Hyloris created by Stijn Van Rompay has just unveiled its intention to be listed on Euronext...
Naturgy redoubles its efforts in ESG and sets environmental objectives for 2020
Naturgy plans to reduce the CO2 intensity of its electricity generation by 22%. 34% of its generation capacity will be...
Bitcoin miners sell more cryptocurrencies than they generate
According to the on-chain analysis portal ByteTree, Bitcoin miners sold 11% more BTC last week than they generated in the...
The Negotiating Agency, the first fintech company allowed to carry out mortgage brokerage
The Bank of Spain has granted the accreditation to carry out mortgage brokerage activity to the first finch company, the...
Featured6 days ago
Why the Fintech sector in Italy has to be further developed
Crypto7 days ago
How is cryptocurrency different from fiat currency?
Crypto6 days ago
The Monero software update is ready to be used by miners
Africa6 days ago
Crowdfunding seen as an innovative post-crisis financing mechanism in Tunisia