Startup backed by Chamath Palihapitiya permits mortgage lenders and retailers promote rooftop solar gear to customers; WSJ – MarketWatch

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A software program startup backed by the enterprise capitalist Chamath Palihapitiya is launching a digital platform that permits firms akin to mortgage lenders and home-improvement retailers to promote rooftop solar installations on to customers, the Wall Street Journal reported. Palihapitiya instructed the paper in an interview that the brand new legislation will speed up deployment of rooftop solar and electrical automobiles. “They’re just creating a tidal wave of incentives,” he stated.
Palmetto Solar LLC compares the brand new product to what the Canadian e-commerce agency Shopify Inc. does to assist firms promote items on-line. The information comes a day after Palihapitiya stated he was winding down two Social Capital Hedosophia Holdings Corp. special-purpose acquisition firms, or SPACs, after failing to seek out goal firms within the required time. In regulatory filings, Palihapitiya, referred to as the “SPAC king” for the variety of automobiles he has launched, stated he’s winding down Social Capital Hedosophia Holdings Corp. IV
IPOD,
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which raised $461 million, and Social Capital Hedosophia Holdings Corp. VI
IPOF,
+0.10%,
which raised $1.15 billion.

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