Mona Lee, a Boston, MA-based solar installation company, raised $3.25M in Seed funding.
The round saw participation from Ludlow Ventures, Shrug VC, Palm Tree Crew (founded by Norwegian DJ Kygo), Coalition Operators, Plug and Play Ventures, and The Pags Group.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Walid Halty, Mona Lee is focused on making solar installation affordable for homeowners. With its AI-powered design and buying experience, the company aims to simplify the process of purchasing and installing a complete solar panel system–enabling every home to fulfill its own energy needs, while contributing to a sustainable future.
Since its launch, the company has experienced growth, installing in over 7 states with over 150 new customers per month and an average cost-per-order of $28,000.
