Woltair, a Prague, Czech Republic-based company accelerating the deployment of heat pumps and renewable energy in homes through a digital platform, raised an additional €20.5m from existing and new investors.
The extension of the round, which was in addition to the €16.3m raised in September 2022, was co-led by existing investor The Westly Group, and new investor Fifth Wall, with participation from ArcTern Ventures, KAYA, and Inven Capital.
The company intends to use the funds to accelerate its international expansion, further develop its digital platform, and strengthen its position in the supply chain.
Founded in 2018 by Karel Náprstek, Jiří Švéda and Daniel Helcl as Topíte.cz and led by Jan Hanuš, CEO, Woltair specializes in the sale, installation and service of heat and power sources. In addition to designing and installing heat pumps and photovoltaic equipment, the company also provides professional assistance with the retrieval of government subsidies and consumer financing for the technology. Woltair is officially launching in Germany and plans to enter Italy during the second quarter of this year. The company’s international expansion into Germany and Italy follows its traction in the Czech Republic, where it has achieved profitability and its growth in Poland after launching a year ago. Since launch, Woltair has served over 3,000 customers and is estimated to have saved more than 9,000 tons of Co2 emissions from the atmosphere.
FinSMEs
09/06/2023