Background and Relevance
Founded in 2012 by three university students from the Universidad Panamericana (UP) with an initial capital of 60,000 pesos, DMSolar has grown into Mexico’s leading distributor of solar energy and storage systems. The company, based in Jalisco, was recently merged with the German corporation BayWa r.e., further solidifying its position in the market.
Key Milestones
- Started as a university project in 2012
- Secured initial capital of 60,000 pesos
- Grew into Mexico’s leading solar energy distributor
- Merged with German company BayWa r.e.
Current Status and Impact
DMSolar now operates eight strategically located warehouses across Mexico and held 35% of the national market share by 2024. The company employs 120 people and is responsible for installing one-third of all solar panels in Mexico.
Quotes from Founders
Andrés González, CEO of DMSolar: “What began as an idea shared between classes in university corridors has taken shape through hard work, perseverance, and purpose. We’ve been chipping away at it every day… In 2018, that seed caught the attention of BayWa r.e., a German corporation with whom we joined forces to take our mission further.”
Yusef Kanchi, Co-founder of DMSolar: “Our mission is to drive the energy revolution in Mexico using world-class technology, 100% Mexican talent, and a clear vision that the future can be cleaner, fairer, and much more sustainable than it is now.”
Recognition and Inspiration
The founders, Yusef Julián Kanchi Gómez and Andrés González Reyes Retana, received the “Young Entrepreneur” award from the Guadalajara Chamber of Commerce for their outstanding achievements.
Yusef Kanchi commented on the significance of this recognition: “If this award, even if it’s just a small spark, inspires another young person or someone not so young to believe in their idea and take action, then it’s truly valuable.”
Key Questions and Answers
- Who are DMSolar’s founders? Yusef Julián Kanchi Gómez and Andrés González Reyes Retana
- What was DMSolar’s initial capital? 60,000 pesos
- When was DMSolar merged with BayWa r.e.? 2018
- What percentage of the Mexican solar panel market does DMSolar handle? One-third
- How many people are employed by DMSolar? 120
