We're finalizing funding for Sovelmash
Effective November 1, we introduced the final pool of packages, shortened the installment periods, and “burned” the unsold shares
Bringing funding to a close
The Sovelmash engineering center has reached break-even and no longer needs investment. We are therefore bringing project funding to a close and introducing a series of changes.
Reduced installment plan terms to 3 months
Introduced the final pool of special packages
“Burning” unsold investment shares
Preparing for reorganization into a joint-stock company
From an idea to an operating enterprise
The project was launched in 2017 with one goal: to establish in Russia a design and engineering technology bureau capable of developing and manufacturing modern electric motors.
Today, the Sovelmash D&E center has been built, commissioned, and is operational. The company manufactures products, fulfills commercial orders, and is preparing for the next stage—conversion into a joint-stock company and the transfer of shares to investors.
The project is currently in the final stage of funding.
Project funding report
Data prepared by SOLARGROUP's accounting department for the period from the project launch through 27.10.2026.
Total funds raised
121 743 910 $
-
104 516 993 $
Funds credited to SOLARGROUP accounts
-
9 521 523 $
Payment service fees
-
7 705 394 $
Promotional bonuses and cashback
Allocation of funds credited to SOLARGROUP accounts
Funding for Sovelmash
46,63 %
Partner rewards
37,37 %
Operating expenses
15,38 %
Breakdown of operating expenses
-
6,42 %
Personnel
6,42 %
-
3,27 %
IT
3,27 %
-
3,17 %
Sales and marketing
3,17 %
-
1,26 %
Professional and consulting services
1,26 %
-
1,26 %
Legal services and audit
1,26 %
The project's journey
Over several years, the project has progressed from the development of the facility concept to an operating engineering center.
- 2017 — launch of the project and funding
- 2018 – 2020 — design and preparation for construction of the D&E center
- 2021 – 2023 — construction and equipment installation
- 2024 – 2025 — completion of construction and preparation of the facility for operations
- 2026 — commissioning, launch of commercial production, and transition toward completing funding
Sovelmash today
The goal behind the launch of project funding in 2017 is no longer just an idea—it is now a reality.
The Sovelmash D&E center has been built and commissioned. The facility operates modern production and testing equipment, manufactures its own products, and fulfills commercial orders. The next steps are to expand production, increase order volumes, and enter new markets.
What remains to be done
Most of the journey is already complete. Sovelmash is currently undergoing conversion into a joint-stock company. Once the required procedures have been completed, the next key step will be to transfer shares to investors. At the same time, we are bringing project funding to a close.
- D&E center established
- Commissioned the enterprise
- Commercial production launched
- Completion of funding
- Conversion into a joint-stock company
- Transfer of shares to investors
Completion of funding
An additional 5 000 000 $ must be raised to complete the project funding. This is the approved target amount. Once it has been reached, sales of special investment packages will end and any unsold shares will be “burned.”
These funds are needed to create a financial reserve for transferring shares to investors.
Final participation terms
During the funding period, some investment packages purchased on installment plans at previous stages were not paid in full. A limited final pool was formed from the unpaid investment shares. No new investment shares are being issued for this purpose.
Packages from the final pool are available under the terms set for stage 15.
What happens after the target of 5 000 000 $ is reached
The Sovelmash engineering center has been built and commissioned, and has reached break-even. It no longer requires funding; the project now needs funds solely to transfer shares. At the same time, we want to give you the opportunity to follow through on your plans to participate in the project before funding ends.
- 1
Project funding will end
- 2
Sales of special investment packages will end
- 3
Payments on existing installment plans will continue
- 4
The conversion of Sovelmash into a joint-stock company will continue
- 5
Shares will be transferred to investors