Zolar, a Berlin, Germany-based digital solar platform, raised €100m in Series C funding.
The round was led by Energy Impact Partners and GIC, with participation from existing investors including Inven Capital, Heartcore Capital, Statkraft Ventures and Pirate Impact Capital.
Founded in 2016 by Alex Melzer and Gregor Loukidis in Berlin, zolar is a digital platform for individual solar solutions tailored to the needs of modern homeowners for green energy. With a completely digital shopping experience, the startup offers access to photovoltaics, enabling more people to use renewable energy in their own homes and thus make an essential contribution to climate protection.
The company intends to use the funds to continue to expand its business reach, to roll out new digital energy products. Among others, the app will be expanded to include an energy management system and a dynamic electricity tariff. It will intelligently control the solar power supply of homeowners while maximising their energy independence and cost savings and will recognize the best time to charge an e-car and start the charging process automatically. zolar will expand its Craftship Partner Network of currently 500 local craft businesses to 3000 by 2025 to increase installation capacity for solar energy. The company will also open its own training centre this year to tackle the renewable sector’s skills gap and train workers in a qualified fast-track process for the energy turnaround.
Zolar employs more than 370 people across Germany.
FinSMEs
19/05/2022