Enpal receives 100 million euros

The start-up has thus completed its highest financing round to date. HV Capital leads the way.

Prominent names are participating in Enpal's 100 million euro financing round. In addition to HV Capital, which is leading the financing round, Peter Rive, co-founder of SolarCity, HelloFresh co-founder Thomas Griesel and EX-Auto1 COO Christopher Muhr have also contributed money.

Mario Kohle, Viktor Wingert and Jochen Ziervogel only founded their start-up in 2017. Enpal offers solar systems on a subscription basis. This eliminates high investment costs for homeowners. After 20 years, they can take over the system for just one euro. Enpal has been able to convince over 8,000 customers with this business idea so far. Last year, the start-up installed 4,500 systems, which it says is more than any other German solar company.

Christian Saller from HV Capital is convinced that Enpal is well on the way to changing the market for renewable energies forever. "Due to the size of the still very young market for renewable energies, we see enormous growth potential for Enpal," he says. Enpal intends to use the money it has now raised to drive forward its expansion. "We are already building as many systems every day as we did in the whole of 2017. We want to build on this momentum over the next few years in order to be able to install one million solar systems by the end of the decade," says co-founder Mario Kohle.