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Startup Cemetery

A big resource for entrepreneurs and startup owners, in which we have collected and analyzed why +100 big companies have failed. Learn from mistakes, and avoid being part of the 90% of businesses that fail.

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QBotix

Solar panels attached and regulated by robots

General Information
Category
Software and Hardware
Country
United States
Started
In 2010
Business Failure
Business Outcome
Shut Down
Closed
By 2015
Cause of Failure
Multiple Reasons
Founders & Employees
Number of Founders
One
Name of Founders
Wasiq Bokhari
Number of Employees
Between 11 And 50
Funding
Number of Funding Rounds
3
Total Funding Amount
$23.5M
Number of Investors
7
Description

QBotix seemed like a very promising cleantech startup, so much so that it was able to raise a collective $23.5M in funding. QBotix offered solar panels that were attached and regulated by robots which could track solar light and rotate the panels automatically. The aim was that of reducing systems cost and maximize efficiency and productivity.

Cause of Failure

QBotix had a useful and innovative product. The two-axis tracker system they came up with was the first of its kind and it was supposed to be an upgrade from the one-axis solar trackers present in the market. What happened, though, was that the technology and the efficiency of their competitors in the single-axis sector improved so rapidly that it made the traditional product more cost-effective and optimized than what QBotix came up with.

Adding to that, investors realized that the market acceptance and adoption of QBotix weren't as fast as they were expecting it to be so funding started to dwindle. QBotix then tried to license the product and provide its software for other companies to use, but the move wasn't successful and they had to lay off their staff and announce the shutdown of their operations.

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Vreal

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Tutorspree

Web-based tuition services

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$1.8M
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In 2010
By 2013
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Between 51 And 100
Between 1M 10M
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Shipitwise

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Acquired
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No Market Need
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Estonia
In 2016
By 2019
Five
Between 1 And 10
Less Than 1M
No Market Need
Acquired
This is Brought to You by:
NerdPilots

NerdPilots

Get fast, reliable web, mobile and software development help 24/7.

Acadium

Acadium

120 hours of digital marketing from a remote apprentice for only $299 (+ $50 off!).

This could be your AD. Sponsor Startup Cemetery to reach +10,000 entrepreneurs.

Subscribe to Our Newsletter!

Invite us into your inbox and get immense learning and 80+ deals on tools to help you scale your startup (worth up to $50,000)!

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