Sol Chip

Everlasting Power

Sol Chip provides digitalization solutions with low-power energy autonomous IoT devices that harvest light energy. It enables collecting market data, control of systems, cloud management & informed decision-making in multi-billions dollars markets.

114% of funding target

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By: Tidhar “Teddy” Golan
Overfunding
Investment type:
Company Stage:
Category:
CleanTech

Highlights

Highlights

Patented breakthrough energy harvesting technology with multiple applications

Sol Chip's patented Light Chip™ is exceptionally small, efficient, and easy to integrate. It works in both outdoor and indoor environments. With Sol Chip's innovative charging and control circuitry, it creates a 'solar battery' that provides never-ending energy 24/7/365 to small devices. The ability to eliminate batteries and wires as a power source for small devices has numerous applications in many markets such as precision agriculture, industrial IoT, smart home, smart cities, and asset management, all presenting multi-billion-dollar market opportunities. Sol Chip has already deployed its technology in commercial sales as well as part of numerous pilots the company executes nowadays, and the superiority convinces customers of the Sol Chip solution. The company faces a growing demand for its solutions due to its ability to tackle multiple aspects of the climate crisis and digitalize different processes to achieve optimization, save resources and improve yields. 

A comprehensive solution for precision agriculture in times of a climate crisis

Based on the Light Chip, Sol Chip built complete sensing, control, and command platform for precision agriculture. The SolTag platform can read data from dozens of sensors, deliver this data via long-range communication to a crop-specific irrigation and fertilization decision support system, receive instructions to control valves and switches, control the operation of sensors, and provide enough energy to execute these commands. Using the Sol Chip solutions results in better crops, improved yield, and a substantial saving in water and chemical costs. Such benefits are much more crucial due to the climate crisis's implications.

By providing an autonomous energy source, the communications infrastructure, the sensor, and valve connectivity, the control and command, the data cloud, and the decision support system, Sol Chip has a unique opportunity to become the data company for precision agriculture. It can leverage millions of data points the company has to provide valuable insights to farmers, agro-chemical companies, and government organizations.

Currently, the company already provides an AI-based solution for irrigation used among customers in Europe while implementing ML technology for fertilization as part of its solution.

This system can support any kind of crop. It provides AI support for irrigation in the following crops: alfalfa, asparagus, broccoli, cabbage, corn, fava bean, dates, grapes, lavender, melon, potato, rosemary, soybean, thistle, tomato, and zucchini. Additional crops can be added quickly based on customer demand.

 

Advanced PropTech technology and savings for a market worth dozens of billions of dollars

Sol Chip digitization solutions are compatible with multiple verticals, including the construction industry and additional industries within logistics and real estate. For example, Sol Chip is in the process of developing a Digital Valve for office/home hot-water radiators. It provides a smart monitoring and control solution for plants, heavy industry, and logistics. As such, it significantly saves energy costs within industrial spaces, identifies hazardous leaks, and can track containers in real-time. The energetic saving, critical for the current climate crisis as well as geo-political energy crisis, and the advanced communication capabilities of this technology, have already created tremendous savings for Sol Chip's clients in these domains.

Sol Chip's platform supports the following SDG goals:

 

Deployment and partnership with customers worldwide.

Sol Chip products are already deployed around the globe. For instance, Golan Heights Winery and Neot Smadar in Israel use Sol Chip devices to monitor and control irrigation systems for vineyards. Additionally, the company already partners with Japan Post, agricultural organizations in Indiana, USA (WHIN), Japanese corporation Yanmar, Italian-based companies Soonapse and Novomat, and the Israeli Ministry of Defense, aiming to implement its groundbreaking solution within different domains such as monitoring, consumer goods, and the security industry. Such partnerships have already generated revenues for the company based on the sale of the technology it has developed.

Investment alongside international VCs and Israel Electric Corporation

Sol Chip is backed by investors and VCs in Israel and worldwide. The company has already raised funds from the Trendlines group - the leading incubator in Israel that invests in early-stage agricultural ventures and from serial investor Vincent Tchenguiz's group. Other notable investors are Israel Electric Corporation and OSEG.

A world-class team of seasoned experts

Sol Chip is led by a world-class team of experienced business, technology, and agriculture experts. Teddy Golan, the company's CEO, has vast experience in energy, environment, and ecology, as he served, among other positions, as the CEO of AMS Technologies. Alongside Teddy, the company's leadership includes Dr. Shani Keysar, inventor of the technology and a leading researcher at the Technion and at Jazz Tower (currently Intel), Rami Friedlander, its CTO, who holds more than 25 years of leadership in global companies such as nVidia, Marvell and Zoran, and Dan Dishback, a serial entrepreneur, and a team of highly skilled professionals.

Pitch

Pitch

The Idea

The need for everlasting energy is ever-present and has multiple applications in a wide range of fields and domains:

 

Billions of small Internet-connected devices need a power source that does not rely on batteries or wires.

There are several reasons why batteries or wires are a limiting factor for devices:

 

  • Limited Lifespan: Batteries run out and must be replaced or manually recharged. Depending on the device's location, replacing the battery can be expensive and inconvenient, such as driving to a remote site every few months or even servicing equipment that is filed based.
  • Wires and power cords are also limiting: They constrain the mobility of a device and require a nearby power outlet.
  • Freedom from batteries and wires can open new opportunities for manufacturers and deliver convenience and genuine value to customers.

Precision agriculture, a multi-billion-dollar market, desperately needs such a solution, especially during the climate crisis.

 

Farmers and growers use data from various in-ground and above-ground sensors to make smarter decisions about irrigation, fertilization, and other aspects of crop management. This process helps crops reach their genetic potential and result in a higher quality product, better yield, and significant savings on water and chemical costs. But such solutions rely on the ability to sample a wide variety of sensors, to frequently transmit the information to the cloud, receive irrigation and fertilization commands, and then execute them by powering valves and switches in the field.

 

All these activities require power, and an ideal solution does not require the farmer to go out to the field and replace batteries every few months. Similarly, powering agricultural devices using large and cumbersome solar panels is a problematic solution: these panels need to be taken down during harvesting and are often subject to theft. What is needed is a compact solution that takes care of these applications' energy and communications needs without constant maintenance. Such devices also require efficient data-communication cover that is typically not present in large agricultural areas. Also, the ability to integrate different sensors that each have a different protocol and operation system allows aggregating all sensing data on a single platform with single data management point.

 

 

Other markets have similar needs.

 

The need for everlasting energy for small Internet-connected devices coupled with dedicated low-power bi-directional data communication extends to other markets beyond precision agriculture. Smart cities, for instance, need smart utility meters and smart infrastructure. Industrial plants have remote locations and sensors that cannot rely on receiving power from the electrical grid. Location trackers – whether for large containers or small dogs – need portable power. Owners of smart home devices would like to install them without wires or the need to replace batteries from time to time. A typical retail store might have tens of thousands of electronic shelf labels and replacing batteries for them is a never-ending full-time job. The need for small, efficient energy harvesting technology is nearly universal.

 

The Solution

Sol Chip developed a revolutionary patented 'solar-panel-on-a-chip'. The tiny chip efficiently converts indoor or outdoor light into energy. Sol Chip provides an everlasting power source for IoT applications with its unique control circuit.


 

Sol Chip integrated the Light Chip into a powerful precision agriculture platform, which can read data from dozens of sensors, send that data to the cloud through dedicated LoRaWAN data-communication connection, and remotely turn on irrigation valves, backed by ML technology. This is a zero-maintenance solution that eliminates the need for manual measurements, manual operation of valves as well as frequent trips to replace batteries.

 

Moreover, Sol Chip's IoT solution is already integrated into other industries. Sol Chip is developing a Proptech solution for monitoring, controlling, and energy saving for offices and private houses through the digitalization of hot water radiators' operations. The ability to monitor and operate and control devices within a building allows integrating Sol Chip's technology in various industries and applications, including monitoring for industrial facilities, conveyance, and storage of goods. For example, it is possible to receive real-time information from valves, upload the data to the cloud, identify defects in advance, and remotely fix them while controlling the valves.

 

The Sol Chip solution, called SolTag, includes the following key components:

  • An everlasting energy source, based on the company's Light Chip modules
  • A large number of entries and the ability to support multiple types of sensors
  • The ability to power valves and switches without an external power source.
  • Twoway communications, based on the LoRAWAN technology, allowing units to communicate at distances of up to 15 km with a central gateway. This technology, now adopted as part of the Amazon Sidewalk effort, is ideal for low-power IoT applications.

The technology

The Sol Chip SolTag solves the key issues that have held back the deployment of high-quality energy harvesting and IoT solutions for agriculture and additional sectors:

  • It supplies energy to sensors and powers valves and pumps without needing large solar panels or battery replacements.
  • It can support numerous types of sensors, allowing the selection of the correct sensors based on the crop being grown. New types of sensors are easy to add.
  • A reliable communications link that does not rely on cellular connectivity.
  • Bidirectional communications that allow the system to communicate the data from sensors to the cloud and then to receive commands for execution with AI, thus providing a closed loop solution.

 

Sol Chip now offers a decision-support software module that optimally provides irrigation recommendation for dozens of different crops to provide automated irrigation for different types of crops. Sol Chip is unique in its ability to connect to the different sensors important to each crop, automatically provide crop-specific recommendations, and then present them to the farmer with the option to execute them remotely through ML.

 

 

While Sol Chip provides a complete end-to-end solution for those interested in precision agriculture, it can also act as the power, data, and communications backbone to upgrade existing ones. For instance, if a customer is unhappy with the service or the price of their current solutions, or if their current 3G network will stop working soon, they can replace the communications backbone with Sol Chip's modern equipment. Such applicability is shown in operations in Indiana, USA where Sol Chip is targeting the replacement of existing weather stations regional network that is cellular based with its systems that are LoRaWAN based.

 

Sol Chip access to extensive information from numerous sensors, geographies, and crops provides unique opportunities to leverage the data in other ways.

 

Precision agriculture is just the tip of the iceberg. There are many additional applications where a compact and environmentally-friendly method to provide everlasting energy is a solid competitive advantage. These include smart cities, industry 4.0, asset trackers, smart home devices, security systems, and many more. Sol Chip already conducts a wide range of pilots with companies worldwide and has signed several contracts with customers from Japan and Europe to supply its technology for solar fields, asset management, industrial IoT, and leading consumer goods companies.

 

Sol Chip's technology is protected by several granted patents, including:

 

The Light Chip includes a patented manufacturing process that enables the integration of photovoltaic cells in the existing standard silicon manufacturing industry. It is thus the optimal way to incorporate solar energy into today's silicon powered IoT devices.

The Sol-Chip platform is based on a unique ultra-low-power design that enables autonomous operation.

Team

Team

Tidhar “Teddy” Golan
CEO
Biography
Holds extensive experience in the water, environment, cleantech, and agritech industries. Teddy operated as the CEO and EVP of Business Development in numerous global companies, including AMS Technologies.

Rami Friedlander
CTO
Biography
M.Sc. EE & Computer Engineering, 25 years of management experience in startups through large multi-national companies including Zoran, WSI, Nvidia, and Marvell.

  • Founder
Shani Keysar
Founder and GM Israel
Biography
Ph.D. Material science, Chemical Engineering, 20 years as an R&D expert with management experience in the Semiconductor Industry (Technion, IDC, Tower Jazz).

  • Founder
Dan Dishback
VP Operations
Biography
B.Sc. in Electrical Engineering. With more than 30 years of experience in startups and investments within the technological field. Dan is the co-founder of CropX (precision agriculture), a company specializing in advanced irrigation technology. Moreover, he has founded three other companies and managed multiple projects in Elbit.

Steve Rhodes
Biography
MBA, University of Chicago, and BA, from Harvard University. Steve brings decades of business, finance, and banking experience. He serves as the Chairman of Trendlines Incubators Israel and as Investment Committee Chair of Trendlines Medical Singapore. Steve is a director and chairman of several Trendlines‘ portfolio companies.

  • Chairman of the Board
Rafi Raytan
CFO
Biography
Rafi brings vast experience in accountancy, commercial and financial management of organizations, investments, companies, and technological ventures.

Updates

Updates

Currently there are no updates in this pitch

The financing rounds, made through the ExitValley platform, are in accordance with a model of statutory exemption from publishing a prospectus pursuant to sections 15A(A)(1) and 15A(A)(7) of the Israeli Securities Law - 1968.
Under this model, the disclosure of detailed information on the company and information about the investment in each round of financing are limited to not more than 35 investors, who are not qualified investors, and the round of financing is not in the format of an offering arrangement ("רכז הצעה"), as defined in the Securities Law.
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