Smart City Lighting

Energy efficient, sustainable and innovative LED alternative.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

6.25

Term

months

Risk level

C+

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 the modernization of public lighting in the municipality of Villavicencio in Colombia. This campaign aims to fund this project further.

In October 2022, the promotor was contracted by Alborada, Villavicencio's public service company, to start the supply of sustainable and efficient LED street lighting luminaires to replace the old, polluting, and inefficient sodium system.

The luminaires arrived in Villavicencio in December 2022 and are currently being installed by LIC, including:

3.500 LED street lighting luminaires.
600 LED floodlights in public recreational spaces.

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.

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.

Contribution to the Sustainable Development Goals
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About the Promoter

About

LIC Soluciones Sostenibles SL

LIC Sustainable Solutions is a Dutch enterprise with offices in The Netherlands, Spain, Colombia, Panama, and Qatar and its production facility in Shenzhen, China. The company develops, designs, produces, and executes energy efficiency projects, focusing primarily on smart cities and intelligent street lighting.

Since 2009, LIC Sustainable Solutions has been operating in the South and Central American markets. In recent years, the company has executed projects in the private sector for clients such as Grupo Energía de Bogotá (EEB, TGI, TRECSA), Telefónica, Grupo Éxito (Éxito, Carulla), Hunter Douglas, Tous, United Colors of Benetton and the Bogotá Chamber of Commerce among others.

LIC has more than 15 years of experience developing sustainable technology, and simultaneously, they are a manufacturer with direct access to the end customer. The company can adapt its technical specifications, taking into account the specific singularities of each project without affecting the product's final price.

LIC Sustainable Solutions specializes in migrating from conventional lighting to LED, obtaining savings of between 70 and 90% in energy consumption, eliminating maintenance and replacement costs during the first ten years, and guaranteeing critical economic benefits for its clients.

The luminaires designed and manufactured by LIC is highly efficient (20% above market average) and offers a competitive sales price and a 10-year full guarantee. Both technically and economically, it is an innovative product in the world of street lighting, with several internationally recognized certificates and, especially for Colombia, the Retilap certification (Technical Regulations for Lighting and Public Lighting of the Ministry of Mines and Energy).

Promoter website

www.lic-eu.com

Team
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[{"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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