Zolar, a Berlin, Germany-based online platform for customized residential solar systems, completed a €4M Series A financing round in November 2017.
The round was led by Sunstone Capital and Statkraft Ventures with participation from Partech Ventures and Tim Schumacher.
The company intends to use the funds to accelerate the roll-out and extension of its product portfolio.
Led by Alex Melzer, co-founder and CEO, and Gregor Loukidis, co-founder and COO, Zolar provides an online platform that allows homeowners to customize their solar system on the web from a wide range of brands and components.
House owners can configure, choose and buy a wide range of solar modules from brands such as LG, Solarwatt or Trina and storage systems from brands such as Mercedes-Benz, Varta or LG Chem.