SUNSTOX

FAQ’s

What is Sunstox

SunstoX is a platform which allows its members to purchase solar cells and then lease them out to various businesses and organizations in India to meet their electricity requirements.
We identify viable solar projects and run crowd sales to gather the funding needed to complete the installation of solar cells in order to power the projects. Once the solar cells start to generate electricity, all who invested will receive a monthly lease rental income from the project owners. Project owners do not have to bear any installation expenses and will only need to pay for the electricity they consume. This concept, commonly known as ‘solar leasing’ is becoming increasingly popular in many countries around the globe as a sustainable and an affordable option.
We carefully analyse the financial viability and technical feasibility of each project before initiating a crowd sale. Only when the expected funding target is met will we start the installation process. Our services include solar project co-design with local solar construction partners, formulating lease contracts and other legal documents, lease rental collection and distribution to each investor. Our platform is highly transparent and provides real-time information about our projects, solar cells statuses, and earnings.
With the government’s target of increasing India’s rooftop solar power sector to 40GW by 2022, we have an opportunity of USD 27.6 Billion. We have enabled any individual or any business in India to purchase as low as one solar cell at an average price of Rs. 500 – 800, making the entry into the solar leasing market extremely easy. Businesses will be able to meet their mandatory CSR requirements while individuals can start small with a guaranteed opportunity to make a steady income.
SunstoX was founded by solar entrepreneur and experienced business professional Kovid Sharma. Our team consists of diversely talented experts enthusiastic to created greener India which does not depend on environment polluting and rapidly depleting sources to meet its energy requirements. Our vision is to create world powered by distributed renewable energy, financed by decentralized money.
SunstoX is not a bank or a financial institution. We do not give out loans or issue securities. Each purchaser may choose between deploying their solar cells in one of our projects or get them delivered to a chosen address, for an additional charge. We are simply a peer-to-peer platform which enables individuals and businesses to invest in profitable solar projects to earn steady returns.
A solar cell is small square of silicon that directly converts the energy of sunlight into electrical energy through something known as the photovoltaic effect. Most rooftop solar panel installations consists of 60 solar cells per panel.

Any amount! Our solar engineers will decide on the number of solar panels needed for a particular project and out of this lot, you can purchase as many as
you wish to, even if it’s just one. Enabling anyone to purchase as low as one solar cell is our approach to making solar leasing affordable and promoting
greener investments. Check out our ongoing crowd sales here.

Yes. Each of your solar cell will be assigned a unique reference number which you could use to locate it and even visit it physically if you want to.

After installation, your solar cells will be leased to the respective project owners/ electricity consumers. They will pay you a monthly amount per kWh consumed. This amount minus the insurance fee and our servicing fee will be your monthly solar income. You can use your SunstoX dashboard to track all information on your earnings.
You can receive your income in Indian Rupees or Bitcoin. Consumers of the electricity your solar cells produce, will pay you a monthly lease rental according to the contract. This amount minus the insurance fee and our servicing fee will be deposited into your bank/ bitcoin account and also be reflected in your SunstoX dashboard wallet.
Because we provide you affordable, sustainable, and profitable green investment opportunities with ultimate transparency. With SunstoX you will have the ownership of the solar cells you purchase and be able to earn a steady lease rental income each month. We are providing a refreshing prospect to those who are looking for environmentally and socially favourable investments. We do acknowledge that there are many other traditional investment options which will generate higher returns, but those too comes with risks. When it comes to solar leasing, the sun will always shine and the demand for energy will only increase with time, especially with the growing economic developments in India. Because it is your investment which will fund the solar project, there will not be any reliance on any government subsidies or incentives. Therefore, it will be a much more risk-free investment. We will ensure that all legal arrangements for the purchase are in place and that the installation is completed with the highest quality. Even if you are just looking to earn a regular income or if you simply want to put your money into making India a better place, solar leasing with SunstoX provides you a great platform.
Simply because you will only have to pay for the electricity you consume! With SunstoX you will not have to incur any installation costs nor will you have to worry about having the ideal conditions to generate sufficient electricity from solar energy. It doesn’t matter if you are trying to power up your new facility or looking to extend your existing solar assets or even trying to shift to solar power consumption. Our solar panels are located in the sunniest places in India and therefore, we can guarantee a reliable, uninterrupted, and greener electricity supply 24 x 7.
  1. Sign up to become a Yukti Green member.
  2. Loginto your Yukti Green dashboard to see crowd sales in progress. Each project will have a crowd sale with an allocated number of solar cells available.
  3. Place your order to purchase the number of solar cells you want.
  1. Login to your SunstoX dashboard.
  2. Navigate to the relevant project and click on ‘Buy Solar Cells’.
  3. Enter the number of cells you wish to purchase.
  4. Select a desired payment method if you need to pay more than the balance available in your account.
  5. Enter how much of your rental income you would like to donate to a nominated charity.
  6. Tick the boxes to confirm that you have read, understood, and agree to our Terms of Service and the Project Information Document details.
  7. Select ‘Place Order’.
  8. Enter your payment details and confirm payment. Avoid closing or refreshing the page before the order is processed fully.

KYC stands for Know Your Customer. In order for us to comply with financial regulations enable withdrawals for your account, you will need to complete
your KYC and verify your identity. Login to your SunstoX dashboard and select ‘Verify Identity’ to proceed.

Yes. When you purchase solar cells via SunstoX, you keep their ownership. You can opt out of the lease agreement if you wish to do so by letting us know upfront. It is possible for you to receive your solar cells physically if you pay the delivery costs. However, it is our recommendation that you retain your solar cells in a professionally engineered solar power supply system to milk their maximum benefit.
You will still remain the owner of the solar cells you purchased. Depending on the requirement, Yukti will extend the current lease agreement with the consumers or arrange a sale of the cells to a new consumer on your behalf.
Our current solar projects are located in India. It is our primary aim to transform the energy sector of India to be more affordable, cleaner, and more sustainable. However, as a secondary step, we hope to expand out of India into the wider world.
India is blessed with an abundance of sunlight making it very convenient and effective to produce electricity from solar power. It is a sustainable option and is possible to be done without government subsidies or tax incentives. There is a growing demand in India for solar power due to the rising cost of electricity supplied by the national grid. With the primary obstacle being the high initial investment needed, many organizations and businesses who wish to go solar does not have the necessary finances to support this initial investment. Therefore, through SunstoX’s crowd funding platform, many SMEs are given easier and affordable access to solar power.

IRR stands for Internal Rate of Return and is used to estimate the profitability of an investment. It is the interest rate at which the net present value of all project cash flows equals zero.Generally, the higher an IRR, the more desirable an investment is to undertake. See more about IRR here.

Yes. You can register your business or organization as a SunstoX member and invest in solar leasing.
All our solar projects are setup under ring fenced, bankruptcy remote, special purpose vehicles (SPVs), which in their own right are profitable. All income and expenses related to the solar project including the lease payments to investors are recorded under the particular SPV. This means that if SunstoX goes bankrupt for any reason the SPVs will not be affected. The solar cell owners will be leasing to the SPV’s which are bankruptcy protected and it will be possible for another party to come along and undertake the lease rental collection and distribution to the solar cell owners. Simply put, you and your investment will remain protected even if SunstoX goes under.
Initially, a crowd sale will be limited to 30 days with the possibility of extending by another 60 days if needed. If the funding target is still not achieved by the closing date (after a total of 90 days), all who invested will receive a full refund and the project will be cancelled.