7 Solar Powered Vehicles Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Solar Powered Vehicles Business

Here are some real life success stories of starting a solar powered vehicles business:

1. Renogy ($39.2M/year)

Yi Li, founder of Renogy, came up with the idea for his renewable energy company during his Ph.D. studies in Physics. Through a research project related to alternative energy, he saw the potential of solar power to change the world and make a positive impact. He founded Renogy with the aim of making solar accessible and easy to understand for the average consumer, starting from his apartment and now generating $60 million in annual revenue.

How much they make: $39.2M/year
How much did it cost to start: $160K
Current team size: 45

How I Started A $60M/Year Renewable Energy Company Specialized In DIY Solar Solutions

Renogy, a renewable energy company, founded by Yi Li, specializes in providing DIY solar solutions for everyday life and makes $60 million a year with a growing customer base through e-commerce platforms and partnerships with select social media users.

About

Yi started Renogy almost 14 years ago

Revenue

Yi grew the business to $3.27M/month

Costs

It cost Yi $160000 to start the business

Read this case study

Read by 15,066 founders

2. University of California, Berkeley

Where they're located: Phoenix, Arizona, USA
Website traffic: 14.9M/month

So... can you actually make money with a solar powered vehicles business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. UQ

UQ is a research-intensive institution in the top 50 universities world-wide, offering choice and opportunity in undergraduate and postgraduate learning.

Where they're located: Greenland
Website traffic: 4.75M/month

5. NC State University

Discover NC State, a leading public research university located in Raleigh, North Carolina. We produce career-ready graduates, groundbreaking research and problem-solving partnerships. We think and do.

Where they're located: Charlotte, North Carolina, USA
Website traffic: 4.77M/month

So... can you actually make money with a solar powered vehicles business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

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Starting A Solar Powered Vehicles Business: Everything You Need To Know

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