Zolar raises 100 million euros

The Berlin start-up wants to supply ten million households with solar energy by 2030. The new financing round could help with this.

The solar start-up Zolar has received 100 million euros in a recent financing round, as reported by the news agency DPA . The start-up intends to use the new capital to expand its own app to include an energy management system that can take dynamic electricity tariffs into account. This system should, for example, recognize when the best time to charge an electric car is and then start the charging process automatically. Zolar also wants to expand its cooperation with installation companies and train tradespeople.

Alex Melzer and Gregor Loukidis founded the start-up in 2016. The founders have developed an online configurator that allows homeowners to plan, configure and purchase their PV system online and at a fixed price. Customers also receive personal advice. The modules used come from Germany, but also from South Korea or China. The systems are installed by local tradespeople. Zolar has also been offering solar systems for rent since July 2021.