Share
250.000 €
Settled by the promoter
Smart City Lighting IV
Santiago de Cali, CO
instalment
monthly
term
1 year
yearly interest
6.15%
risk rating
C+
Energy efficient, sustainable and innovative LED alternative.
Description
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 fourth 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.
Now, the goal is to raise another 500.000€ for the new project in Cali, 250.000€ were already raised through Smart City Lighting III. In May 2023, the promotor was contracted by EMCALI, a local service provider, to start supplying sustainable and efficient LED street lighting luminaires to replace the old, polluting, and inefficient sodium system.
The manufacturing process is currently in its final stages, and by the beginning of next month, the first batch of luminaires will be installed in the city of Cali. The project includes the installation of 14.000 smart LED luminaires that will serve as the initial infrastructure for Cali to become a Smart City.
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.
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. This project consists of the installation of 14.000 smart LED luminaires that will serve as the initial infrastructure for Cali to become a Smart City.
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
Sustainable Development Goals
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Financial viability
Download Key Investment Information Sheet
Guarantees
Pledge by the parent company - LIC, BV, and pledge on the direct beneficiary Mr. Bastiaan Pieter Van Bakel.
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).
The team
Bas van Bakel
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.
Ricardo Sarmiento
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.
Francisco Jimenez
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.
Business Model
The LIC Group has its headquarters in the Netherlands and primary operations in Spain and Colombia. LIC Spain is the equipment producer (ensures R&D and subcontracts production in China). LIC Latin America sells solutions to end customers with a relevant customer segment in the public sector (municipalities). At this moment, LIC Latin America has a considerable portfolio of projects whose equipment is purchased from LIC Spain. LIC Spain is looking for financing to support the production and sale of the projects planned to be executed during 2023.
Active since
2009
Fiscal country
ES
Operating In
The Netherlands, Spain, Colombia, Panama
Industry
Energy
Number of Goparity Loans
9
Women Shareholders
No
Website
www.lic-eu.comUpdates
2024-07-07
Project End
This project has successfully reached its payments plan maturity. All investors have received their full capital invested and interest. Nevertheless, its impact will keep growing for many more years!
2023-08-07
First payment
First instalment was paid to all the investors
2023-07-07
100% funded
1296 investors successfully raised 250.000€
2023-06-27
Open for investment
This campaign is open for investment
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