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Smart City Lighting VII
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Smart City Lighting VII

Energy efficient, sustainable and innovative LED alternative.
Investment overview
Impact category
sustainable_energy
Investment type
loan
Yearly interest
7
%
Term
12
months
Risk level
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https://goparity.com/projects/smart-city-lighting-vii-447

Description
Impact
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Promoter

What will you be financing?

LIC Sustainable Solutions is a multinational enterprise with offices in Europe and Latin America. The company develops, designs, produces, and executes energy efficiency projects, primarily focusing on smart cities and intelligent street lighting.

LIC is executing a public lighting modernization project in Santiago de Cali, Colombia. This campaign aims to fund this project further.

This is LIC's seventh campaign. The promotor first successfully raised 500.000€ in Smart City Lighting I and II, for a similar project in the municipality of Villavicencio, where 6.000+ LED luminaires were successfully installed improving the quality of lighting of a large part of this municipality.

In May 2023, the promotor was contracted by EMCALI, a local Cali service provider, to start supplying sustainable and efficient LED street lighting luminaires to replace the old, polluting, and inefficient sodium system. The project included the installation of 14.000 smart LED luminaires in the city of Cali, which hopes to become a Smart City and was funded by the two Goparity campaigns amounting to 500.000€ ( Smart City Lighting III and Smart City Lighting IV). 

The promoter's contract with EMCALI was subsequently extended, with an order for a further 7.000 luminaires (out of a total order of 15.523 luminaires, representing a value of approximately 2.9M€), which were partially funded with 650.000€ through the campaign Smart Street Lighting V, and VI and will be additionally funded through the present campaign.

The luminaires are ready to be integrated into a smart city, working as a wireless communication base. In the last three years, the company supplied more than 20,000 luminaires to different municipalities in Colombia. 

What is the impact?

Direct

  • Improvement in public lighting efficiency: LIC's smart LED lights can be programmed to illuminate at set times of the day and to increase or decrease lighting according to the presence of people and vehicles in the streets. This enables a more energy-efficient use of cities’ light systems, allowing cities to save up to 80% in energy consumption, reduce CO2 emissions, and limit light pollution while maintaining citizens’ safety. After the first 14.000 streetlights were installed serving as the initial infrastructure for Cali to become a Smart City, this campaign will complete the funding for the production of another 7.000 smart LED luminaires requested by the client.

Indirect

  • Improving community well-being: safe and well-lighted public spaces play an essential role for communities, increasing access, interaction, and inclusion, resulting in improved community well-being.

Impact indicators

CO2 avoided per year
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct

  • Improvement in public lighting efficiency: LIC's smart LED lights can be programmed to illuminate at set times of the day and to increase or decrease lighting according to the presence of people and vehicles in the streets. This enables a more energy-efficient use of cities’ light systems, allowing cities to save up to 80% in energy consumption, reduce CO2 emissions, and limit light pollution while maintaining citizens’ safety. After the first 14.000 streetlights were installed serving as the initial infrastructure for Cali to become a Smart City, this campaign will complete the funding for the production of another 7.000 smart LED luminaires requested by the client.

Indirect

  • Improving community well-being: safe and well-lighted public spaces play an essential role for communities, increasing access, interaction, and inclusion, resulting in improved community well-being.

Promoter website

www.lic-eu.com

Team

[{"id":68,"promoter_id":279,"name":"Bas van Bakel","description":"Results-driven Chief Executive Officer, skilled in proactively participating in all aspects of business development and management, from operations and finance to marketing and human resources. An accomplished entrepreneur capable of identifying new opportunities and sustaining business growth. Current position: founder & CEO of LIC Sustainable Solutions Group.","link":"https://www.linkedin.com/in/bas-van-bakel-7b89327/","role":"Founder and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/5a7/051/63b5a7051c3e7020379771.jpg","avatar_id":75371},{"id":69,"promoter_id":279,"name":"Ricardo Sarmiento","description":"Professional with more than 20 years of experience in managing the business internationalization process. Analysis, selection, and opening of markets, brand positioning. Strong business focus. Current position: Partner & General Manager LIC Latin America.","link":"https://www.linkedin.com/in/ricardo-sarmiento-11b3b215/","role":"Partner LIC Latin America","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/5a8/3ef/63b5a83ef37bd180070739.png","avatar_id":75374},{"id":70,"promoter_id":279,"name":"Francisco Jimenez","description":"Entrepreneur with extended experience in executive positions with an emphasis on business development and risk analysis/management from a financial standpoint. Current position: Partner & CFO LIC Soluciones Sostenibles SL.","link":"https://www.linkedin.com/in/francisco-jimenez-49754916a/","role":"Partner LIC Spain","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/5a8/7ec/63b5a87ec2e74480032853.png","avatar_id":75375}]

Business Model

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