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European startups in residential solar have raised over €500 million in 2022


Over the past year, the skyrocketing fuel prices across Europe have increased consumer interest in alternative sources of energy, such as solar power. And as demand has been on the rise, 2022 was a good funding year for startups focusing on providing photovoltaic (PV) technology to residential customers. Specifically, European startups in the sector have raised over €488 million — and that’s excluding the €855-million debt funding round attracted by Berlin-based unicorn Enpal. Notably, 86.4% of the amount has been injected in German-based startups, including 1Komma5°, Zolar, Sunhero, Enpal, Einhundert, and Sunvigo. 1Komma5° has received the highest funding throughout the…

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