Enpal receives 70 million euros in debt capital

The start-up intends to use this to finance the installation of further solar plants, storage systems and e-car charging stations.

Energy start-up Enpal is accessing a €70 million mezzanine loan from Prime Capital AG for the first time. The start-up says this would bring the company's total financing to over 800 million euros. Of this, 500 million euros is refinancing capital and 300 million euros is growth capital. Enpal plans to use the new financing to build solar plants, storage facilities and e-car charging stations.

"The fight against the climate crisis is one of the greatest challenges facing humanity," says Enpal founder Mario Kohle. "The fact that internationally committed financial houses are joining the energy transition is an important signal."

Kohle founded the energy start-up in 2017 together with Viktor Wingert and Jochen Ziervogel. The start-up offers "complete packages" for climate-neutral living. In the process, customers can get wallboxes and green electricity tariffs in addition to solar installations. Because Enpal rents out its systems, customers save on acquisition costs. According to its own information, the company currently employs around 2,000 people, including over 500 of its own craftsmen.