Solstice Selected for Unreasonable Impact Awards 2020
October 30, 2020 NEW YORK – After a rigorous selection process involving hundreds of world-class companies, Solstice has been chosen to join 12 other growth-stage ventures at the 2020 Unreasonable Impact Americas program, which this year is being offered as a fully digital experience.
Sandhya Murali, Co-founder and COO of Solstice will join the other entrepreneurs from across North America to take part in the virtual iteration of the Unreasonable Impact program which has been re-imagined into a digital offering, to help accelerate the growth of their companies.
Impacting the future of food, energy, sustainable living, and supply chains, each entrepreneur is selected to participate based on their potential to create at least 500 jobs within the next five years. Cumulatively, the thirteen ventures have generated more than USD $121.8 million in revenue and raised USD $562.73 million in funding.
Solstice enrolls households, businesses, and community organizations in shared solar farms – providing a clean energy solution for the 80% of Americans who cannot install solar panels on their rooftops. Murali said, “We are honored to be chosen for the 2020 Unreasonable Impact Americas program and grateful for the broad support from the Unreasonable and Barclays teams. This is an incredible opportunity to learn how we can expand solar access while connecting with other innovative entrepreneurs working to improve the planet and the lives of others.”
Unreasonable Impact is an innovative partnership between Barclays and Unreasonable Group that supports high-growth ventures tackling some of the world’s most pressing social and environmental challenges to scale and create thousands of new jobs. Comprising programs in Europe, Asia and The Americas, the now fully digital version connects the entrepreneurs to a global community of world-class mentors and industry specialists, including experts from across Barclays.
Joe McGrath, Global Head of Banking at Barclays, said, “We are delighted to welcome the latest cohort of ventures on to the program and to partner with Unreasonable Group to support them on their journey to scale. At the forefront of innovation in their sectors, we continue to be inspired by each entrepreneur as they challenge the status quo with their impactful solutions.”
Daniel Epstein, Founder and CEO of Unreasonable Group, said: “Unreasonable Impact is one of the fastest-growing networks of impact ventures in the world, demonstrating that it’s possible to do well and good at the same time. We are humbled to welcome [Solstice] into this global community, and we are privileged to continue to support the growth of the most exciting and innovative ventures in the world.”
To date, the ventures that comprise the Unreasonable Impact community have positively impacted more than 220 million people, reduced greenhouse gas emissions by 55 million tons, and generated more than 38,000 net new jobs. The companies have also raised more than USD $2 billion in funding. [Solstice] joins this notable global network in its shared effort to create thousands of jobs on the frontier of the green economy.
About Unreasonable Impact, created with Barclays
Unreasonable Impact is an innovative multi-year multi-geographic partnership between Barclays and Unreasonable Group to launch the world’s first global network focused on scaling up entrepreneurial solutions that will help employ thousands worldwide in the emerging green economy. To date, the more than 120 ventures that comprise the global cohort operate in more than 180 countries, have raised over $3bn USD in funding, have generated over $2.7bn USD in revenue, and have created more than 37,000 net new jobs since joining Unreasonable Impact. For more information, please visit www.unreasonableimpact.com.
Solstice is dedicated to bringing affordable solar power to the 80% of Americans who cannot install a rooftop system. Solstice offers turnkey customer solutions for the shared solar industry, enrolling household and community organizations, creating financing innovations that expand access to underserved Americans, and providing a frictionless subscriber management software platform for community solar projects. To learn more, please visit solstice.us.