CAPSolar, based in Montreal and active for four years, specializes in designing and manufacturing highly customizable, semi-flexible photovoltaic modules tailored for the sustainable mobility sector. The company’s innovative solutions cater to a variety of electric vehicles and infrastructures, addressing the increasing need for extended vehicle autonomy and operational continuity. By
integrating advanced solar technology, CAPSolar is at the forefront of enhancing the efficiency and sustainability of electric transportation.
Easy Engineereing: What are the main areas of activity of the company?
CAPSolar’s primary focus is on delivering photovoltaic solutions for a wide range of electric vehicles and infrastructures. This includes trucks, boats, low-speed vehicles, refrigerated trucks, semi-trailers, recreational vehicles, bus shelters, and industrial vehicles. Currently targeting the North American and European markets, CAPSolar has ambitious plans for international expansion, aiming to bring their cutting-edge solar technology to a global audience.
E.E: What’s the news about new products?
In March 2024, CAPSolar launched the production of its next-generation photovoltaic modules, which offer unprecedented levels of customization in terms of size, shape, color, texture, and surface finish. These modules are complemented by advanced fleet tracking and PV production monitoring solutions. A notable success story involves a client in Texas who, after installing CAPSolar’s system, increased their electric vehicle’s operation time from 5 hours to over 4 months without needing a recharge, showcasing the transformative potential of CAPSolar’s innovations.
E.E: What are the ranges of products?
CAPSolar provides a comprehensive range of semi-flexible photovoltaic modules that can be tailored in size, shape, color, texture, and surface finish to meet specific needs. Additionally, they offer sophisticated fleet tracking and PV production monitoring solutions. These products are designed to enhance the autonomy of various electric vehicles and infrastructures, significantly reducing the frequency of recharges and contributing to more sustainable and efficient operations.
E.E: At what stage is the market where you are currently active?
The market for photovoltaic solutions in mobility is experiencing rapid growth, driven by an increasing demand for sustainable and renewable energy sources. In 2023, global sales of electric vehicles exceeded 10 million units, with projections suggesting this figure could double by 2030. CAPSolar is strategically positioned to capture a significant share of the North American and European markets, supported by their innovative technology and plans for further international expansion.
E.E: What can you tell us about market trends?
Current market trends highlight a strong demand for sustainable energy solutions, especially in the mobility sector. The shift towards electric vehicles necessitates innovations that extend operational autonomy and minimize interruptions. CAPSolar’s products are perfectly aligned with these trends, offering solutions that reduce the need for frequent recharges and lessen the dependence on urban charging infrastructure, thus promoting more efficient and sustainable urban mobility.
E.E: What are the most innovative products marketed?
CAPSolar’s standout innovations include their ultra-customizable semi-flexible photovoltaic modules and the accompanying fleet tracking and PV production monitoring solutions. These products not only extend the operational autonomy of electric vehicles but also provide sustainable energy for auxiliary systems, such as air conditioning in pleasure boats and recreational vehicles. This dual functionality enhances both the efficiency and comfort of electric mobility solutions.
E.E: What estimations do you have for 2023?
For 2024, CAPSolar projects sales of 1 million Canadian dollars (equivalent to 500 kW of photovoltaic modules), with an ambitious target of 5 million dollars (2.5 MW) for 2025. These projections underscore the company’s rapid growth and the escalating demand for their innovative solutions. By continuing to invest in research and development and advancing their manufacturing automation, CAPSolar is well-equipped to meet evolving market needs and drive sustainability in the mobility sector.