NovoMoto Overview

  • Founded
  • 2015

  • Status
  • Private

  • Employees
  • 18

  • Latest Deal Type
  • Crowdfunding

  • Latest Deal Amount
  • $422K

  • Investors
  • 11

NovoMoto General Information


Manufacturer of solar energy devices intended to help users generate sustainable energy independently. The company's devices include packages of solar panels, lamps, batteries, and other devices and are offered to villages through a pay-as-you-go model and permit small weekly payments over a five-year period, enabling villagers to meet their energy needs sustainably and independently.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Other Energy Services
Energy Production
Primary Office
  • 155 North Upper Wacker
  • Chicago, IL 60606
  • United States

NovoMoto Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth

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NovoMoto Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
13. Equity Crowdfunding 31-Jul-2020 $422K 00.000 Completed Generating Revenue
12. Seed Round 03-Jun-2020 00000 00000 Completed Generating Revenue
11. Angel (individual) 07-Jun-2018 00000 00000 Completed Generating Revenue
10. Accelerator/Incubator 01-Jun-2018 00000 Completed Generating Revenue
9. Early Stage VC 01-Jan-2018 0000 00000 Completed Generating Revenue
8. Grant 01-Jan-2018 00000 00000 Completed Generating Revenue
7. Accelerator/Incubator 000 00000 Completed Generating Revenue
6. Accelerator/Incubator 25-Aug-2017 0000 00000 Completed Generating Revenue
5. Accelerator/Incubator 14-Aug-2017 $110K Completed Generating Revenue
4. Grant 01-Jan-2017 $110K Completed Generating Revenue
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NovoMoto Executive Team (2)

Name Title Board Seat Contact Info
Mehrdad Arjmand Ph.D Co-Founder, Chief Executive Officer & Board Member
Aaron Olson Ph.D Co-Founder
To view NovoMoto’s complete executive team members history, request access »

NovoMoto Board Members (1)

Name Representing Role Since
Mehrdad Arjmand Ph.D NovoMoto Co-Founder, Chief Executive Officer & Board Member 000 0000
To view NovoMoto’s complete board members history, request access »

NovoMoto Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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NovoMoto Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Pearl Gray Equity Partners Impact Investing 000 0000 000000 0
Evergreen Climate Innovations Venture Capital Minority 000 0000 000000 0
Doyenne Group Accelerator/Incubator Minority 000 0000 000000 0
Wisconsin Governor's Business Plan contest Government 000 0000 000000 0
WERCBench Labs Accelerator/Incubator 000 0000 000000 0
You’re viewing 5 of 11 investors. Get the full list »