Solar panels provider Sunhero raises €10M. Speedinvest is among the investors
13 March, 2023, 13:58
The Berlin-founded and Barcelona-headquartered startup Sunhero has raised €10 million to scale its residential solar energy business in Spain. The round was led by VC Planet A and firm Vorwerk Ventures. Among other investors, are Redstone, All Iron Ventures, and Speedinvest, Sifted.eu reports.
- Founded in 2021 by Christopher Cederskog and Stefan Braun, Sunhero provides custom-built solar panel solutions installation and management services to residential consumers. Recently, Sunhero joined Enpal and Zolar to offer consumers a hassle-free method of installing customized photovoltaic solar systems on their homes, be that either purchasing outright or renting for a 20-year period.
- The fresh round of investment was co-led by Berlin-based climate tech VC Planet A and consumer-focused firm Vorwerk Ventures.
- The Vienna-based early-stage firm Speedinvest has also joined the funding round. In February 2022 Speedinvest already co-led the $4 million seed round for Sunhero, with Spain’s All Iron Ventures participating. Among recent investment of Speedinvest is €2.4 million round for trawa, a German energy startup.
- With this funding round, Sunhero will expand its presence in the Spanish market. In addition, the startup will focus on software development and product line expansion, with plans to launch our EV charger offering shortly.