Swedish-Polish solar roof developer SunRoof announces a €13.5M investment
The Swedish-Polish startup SunRoof has received an additional €13.5 million in funding to revolutionize the production and usage of renewable energy. The round was led by World Fund, Nordic Alpha Partners, and Legal & General Capital.
- SunRoof builds 2-in-1 solar roofs and facades that generate electricity, replacing the need for a traditional roof. SunRoof’s mission is to speed up the global transition to renewables by developing roofs that, by generating electricity, will cover the energy demand of the entire building.
- The company’s team has increased 13-fold since January 2020, to more than 150 people Europe-wide. SunRoof now has customers in Sweden, Germany, and Poland, along with pilots in the US.
“In Europe, we’re facing two crises: the climate and the energy crises. SunRoof is enabling consumers, businesses and governments to access and benefit from independent, regenerative energy and end the overreliance on fossil fuels. I’m delighted to have this brilliant consortium of investors on board, who collectively are the best possible combination of funds for SunRoof at this growth stage,”said Lech Kaniuk, сo-founder and CEO of SunRoof.
- After closing its first €15 million round in September 2022 led by Klima, the fresh €13.5 million was supported by three European climate tech investors, including World Fund, Nordic Alpha Partners, and L&G Capital.
- World Fund backs climate tech startups that have the potential to save at least 100 megatons of CO2 every year. Its general partner Tim Schumacher will join SunRoof’s board, whilst investment associate Victoria McIvor will be an observer.
- The investment will be used for SunRoof’s global expansion in Germany, the Nordics, Poland, and the US, allowing more homeowners and businesses to benefit from SunRoof’s solar technology, reducing their emissions and their energy bills.