Smart City Lighting V
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Smart City Lighting V

Energy efficient, sustainable and innovative LED alternative.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
7.1
%
Term
12
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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D
C+

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Description
Impact
Financial viability
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 fifth 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 recently extended, the aim is now to finance a further 300.000€ for the expansion of the project and a new order of 7000 luminaires that have been requested by the client.

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 fund the production of another 7.000 smart LED luminaires requested by the client that will be installed in February of 2024.

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
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

[{"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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