European residential solar startups have raised more than €500 million by 2022
About the Past year, the towering fuel Prices about Europe have increased consumer interest in alternative sources of energyas solar energy. And with demand rising, 2022 was a good year financing year before Startup focused on providing photovoltaic (PV) technology to residential customers.
specifically, European Startup in the sector have raised more than €488 million — and that’s excluding the €855-million debt financing round attracted by Berlin-based unicorn Enpal.
It is striking that 86.4% of the amount was injected German-based Startupinclusive 1Comma5°, Zolar, Sun hero, Enpal, Einhundertand solar vigo.
Join TNW in Valencia!
The heart of technology comes to the heart of the Mediterranean
1Komma5° got the highest financing all year round for €200 million. Founded in 2021, the business has resulted in a highlow investors as Porsche and introduces an interesting one business strategy: aggregate individually businesses offering solar energy Services and bundle them together.
Past Germanyresidential solar energy technology businesses who have seen a capital increase are also active in Spain (Samara), Sweden (Sunroof), Norway (Otovo), Estonia (Sunstone), and the UK (Naked energy, Solivus).
Amongst them, Spain-based Samara offers another interesting case. Founded in the summer of 2022, the to start raised €6.4 million within six months.
The business applications software develop a comprehensive, customer-centered solution ranging from the installation from solar panels to EV chargers. The technology makes it possible users to preview the solar panel installation by a 3D fashion model-estimation energy savings, and calculate their positive environmental impact through a reduction of CO2 emissions.
What all businesses have in common is the goal to enable the transition to solar energy energy by focusing on affordability and convenience: from easy installation practices and maintenance Services to customizable options and energy monitoring tools.
Generally, 2022 is on Startup in the space to raise even more capital, demonstrating their potential to provide better Services to the consumer, and in turn promote it further switch until solar energy.
And if Europe calls for adoption durable forms of energycan we expect that solar energy technology Startup will see more investment next year.
