I don't know why the team feel they can raise money for their project, most of the projects in the space promising what the team is doing and even more have not delivered on their promises so far, PowerLedger, Watt, Restart energy to name a few, have so far being in a concept mode and I don't know about their burn rate by now most would have burnt all their resources and the tokens are more than useless because they are not generating any value for investors
Thanks for your vote of confidence ;-)
We're very aware of what other projects have attempted to do and why they failed or are struggling to deliver. The big, massive, HUGE and yet very simple difference here is:
We are buying into Helios Energy, a Solar Energy Utility Startup that already exists. We are not trying to do something new or disruptive.
To add to this, Helios Energy *already have* the 25 year PPAs in place and the land for the installations is in their ownership. The deal is good to go and is, in fact, already up and running. This is where the many fell down - they didn't have these agreements (although their offerings made it sound like they did, in some cases) and that is where they burned their funds: trying to win the bids. There is literally no burn rate with this project - 90% of the raised funds go straight to Helios energy. These funds buy Series A shares and in turn, fund solar power installations.
I would honestly recommend you read the whitepaper before making any final judgements - this is a very different and much simpler offering, which is why it will work for any investors involved.
Please feel free to come back with any questions!
BTW:
https://solarstake.io/#galleryHere are some pictures of the 796000 Watts currently installed, generating power, revenues and of course, ROI. There will be 2MW installed by the end of the year, PLUS some huge news, which has been teased above, very soon.