Sunsave, a London, UK-based provider of a solar subscription service, raised £5.4M in Seed funding.
The round, which brought the total amount to £9.2M, was led by Norrsken VC, alongside previous investors IPGL, Plug and Play and angel investors Stuart Rose, Michael Spencer, Roland Rudd, and Bill Nussey.
The company intends to use the funds for both product development – commercializing of the solar subscription model and product development allowing additional savings to be generated from demand flexibility – as well as growing the team with experienced experts from the energy and personal finance sector.
Founded in 2022 by Alick Dru and Ben Graves, Sunsave provides solar panels, batteries, installation, insurance, via a monthly subscription with no upfront cost, with ongoing monitoring and maintenance provided through a 20-year guarantee to ensure the system’s longevity.
The company has the ability to offer long-term financing under FCA authorisation.
FinSMEs
05/12/2023