A Swedish startup building powerful 2-in-1 solar roofs that generate electricity, SunRoof, has raised €15 million in funding. With this round, the total funding raised by the company accounts for €21.5 million.
The investment round was led by Klima, the growth equity fund of Alantra focused on companies accelerating the energy transition. The round also saw participation of VC funds such as Inovo VC that closed €100M third fund, SMOK Ventures, Alfabeat and Level2 Ventures that led the €2.2M in DoxyChain and business angels, including Jon Olsson, elite skier and entrepreneur.
Eyes to strengthen its foothold
SunRoof will use the funds to strengthen its position in the existing European markets, mainly Sweden, Germany, and Poland, by increasing both its sales and production capabilities. With this funds, it will offer integrated solar roofs to more residential and commercial clients in Europe.
“SunRoof is on a mission of not only helping homeowners fulfill their own needs, but also contributing to the future clean energy infrastructure. I’m delighted that Klima is joining us as an investor and as a partner. The Klima team has already supported us in establishing relationships with strategic partners, who will help us to further develop and deliver an end-to-end decentralized and smart energy system to our customers across Europe”, said Lech Kaniuk, CEO & Co-Founder of SunRoof.
“Housing and transportation electrification will be key to accelerate the energy transition, and we expect decentralized solar to play a significant role to enable this. For re-roofing and new built applications, the integrated solutions of SunRoof are an economical and environmental no-brainer and this represents a multi-billion addressable market. We are glad to partner with the very experienced and ambitious management team of Sunroof to power the houses and commercial buildings of the future”, said Lucille Bonnet, Managing Partner at Alantra Energy Transition.
Powerful building-integrated solar roofs
SunRoof was founded by serial entrepreneur Lech Kaniuk behind companies such as Delivery Hero, PizzaPortal, and iTaxi alongside his brother Karol Kaniuk, Marek Zmyslowski (co-founder of Jumia Travel and HotelOnline.co), and former Google executive Rafal Plutecki in 2013. Its mission is to provide solar roofs with the lowest carbon footprint on the market.
It offers 2-in-1 solar roofs and innovative façades that optimise the decentralised electricity generation of a building. The solar roofs are neat and more productive per surface area of a roof. Also, these roofs leave lower CO2 footprint and use less resources and materials, opposed to traditional roof and PV installations.
SunRoof offers to homeowners a complete energy management system, including storage and a digital platform, to track the progress of manufacturing and construction of their solar roof but also monitor and manage their energy production and consumption via the SunRoof’s energy app, which lets users optimise the economical return of their SunRoof installation.