Terms of Use

1. About SunstoX

SunstoX Technologies Pvt. Ltd. ("SunstoX", "we", "us") is a technology platform that connects solar project developers with individual and institutional investors through a peer-to-peer solar leasing model. We are registered under the Companies Act 2013 (CIN: U74999DL2024PTC000000) and recognised by DPIIT under the Startup India initiative.

SunstoX is a marketplace — not a bank, NBFC, mutual fund, or securities issuer. We facilitate lease agreements between cell owners (investors) and electricity consumers (off-takers). We do not guarantee returns or the performance of any project.

2. Eligibility

• You must be at least 18 years of age and a resident of India
• You must have a valid PAN card and an Indian bank account
• You must complete KYC verification before making any investment
• Corporate entities must be registered under Indian law and provide GST and CIN details
• You must not be prohibited from investing under any applicable law

3. The SunstoX Investment Model

When you purchase solar cell tokens on SunstoX:

• You acquire ownership of a specified number of physical solar photovoltaic cells (~4.65 Wp each)
• Those cells are leased to an off-taker (electricity consumer) as part of a commissioned solar energy system
• The off-taker pays a per-kWh PPA tariff for the electricity generated by the system
• 80% of PPA revenue is distributed to cell owners as monthly lease rental
• 20% is retained by SunstoX for operations, maintenance, insurance, and platform services
• Returns are based on actual metered kWh generation — not guaranteed or fixed

4. Risk Disclosure

• Off-taker default: If the electricity consumer fails to pay, your rental income will be affected. We mitigate this by selecting creditworthy off-takers and maintaining payment reserves.
• Solar generation risk: Actual generation may vary from projections due to weather, dust, shading, or equipment degradation. All projected returns are estimates based on MNRE benchmark data.
• Liquidity risk: Solar cell tokens are illiquid. A secondary market is planned but not yet available. You should only invest money you can afford to lock up for the project tenure (typically 25 years).
• Regulatory risk: Changes in solar tariff regulations, electricity laws, or investment regulations may affect returns.
• Platform risk: SunstoX is an early-stage company. If SunstoX ceases to operate, lease agreements will be managed by the appointed trustee/escrow agent.

5. KYC and Anti-Money Laundering

SunstoX is required by law to verify investor identity under PMLA (Prevention of Money Laundering Act) guidelines. You agree to provide accurate, complete KYC documentation (PAN, Aadhaar, bank details) and to update these promptly if they change. We reserve the right to suspend accounts where KYC documentation is incomplete or suspicious.

6. Payments and Withdrawals

• All payments on the platform are processed by RazorPay (a RBI-authorised payment aggregator)
• Monthly rental distributions are credited by the 5th of each month for the previous month's generation
• Withdrawals are subject to completed KYC and verified bank account linkage
• Minimum withdrawal amount is ₹500
• TDS is deducted at source as applicable under Section 194I of the Income Tax Act
• SunstoX does not accept cash payments or payments from third-party bank accounts

7. Intellectual Property

All content on the SunstoX platform — including the SunstoX name, logo, website design, financial models, and project documentation — is the intellectual property of SunstoX Technologies Pvt. Ltd. You may not reproduce, distribute, or commercially exploit any platform content without prior written permission.

8. Prohibited Activities

You agree not to: use the platform for money laundering or fraud; create multiple accounts; misrepresent your identity or KYC information; attempt to hack, scrape, or reverse-engineer the platform; use the platform for any activity prohibited by Indian law.

9. Limitation of Liability

To the maximum extent permitted by law, SunstoX's liability to any investor shall not exceed the total investment amount made by that investor in the preceding 12 months. We are not liable for indirect, consequential, or punitive damages arising from use of the platform.

10. Governing Law and Disputes

These Terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts of New Delhi. We encourage dispute resolution through our internal grievance redressal process first — contact: kovid@sunstox.com.

11. Amendments

SunstoX reserves the right to amend these Terms at any time. Material changes will be communicated by email and platform notification with at least 30 days notice. Continued use of the platform after the effective date constitutes acceptance of the amended Terms.

12. Contact

SunstoX Technologies Pvt. Ltd. | Email: kovid@sunstox.com | Phone: +91 9818400138 | Address: New Delhi, India

Grievance Officer: Kovid Sharma (Founder) — kovid@sunstox.com