On June 1, 2017, the first online presentation of the project was held, where Sergey Semyonov and Dmitry Duyunov announced the launch of crowdfunding.

These 9 years have been a time of rapid growth, overcoming challenges, and impressive results, none of which would have been possible without your support!

Key results

• The Sovelmash engineering center has been built and is already operational. The company has commenced commercial operations and is generating its first profits.

• Series production of innovative products has been established. The debut product on the market will be the world’s first angle grinder with an asynchronous drive.

• Other unique products have also been created: the world’s first aircraft powered by asynchronous motors (the Motylyok drone), enclosed motors, and a universal embedded drive module. Their production versions can already be ordered on the Sovelmash website.

• An IT platform for personal accounts has been created, with more than 599,400 participants from 194 countries registered on it. SOLARGROUP partner communities have been launched in 30+ countries. This strategy has helped make the project truly international.

• More than 85,000 people have supported the project with their investments. Over $118,000,000 has been raised for development.

Ahead are equally compelling objectives: official commissioning, major orders, receipt of shares, dividend payments, and further scaling!

A more detailed history of the project is available on the Road map.

*The translation is done with the help of artificial intelligence.

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