Total amount raised
€3.4 Billions
Latest funding date
Location
Enpal has successfully raised significant funding through multiple rounds, attracting notable investors such as Softbank Vision Fund II and TPG Rise Climate. The company specializes in providing comprehensive solar energy solutions, including photovoltaic systems, heat pumps, and energy storage, all offered through a leasing model.
Keep reading to delve into the details of Enpal's funding journey and discover the key investors who are backing this innovative renewable energy platform.
What Is Enpal?
Enpal, founded in February 2017 by Jochen Ziervogel, Mario Kohle, and Viktor Wingert, is headquartered in Berlin, Germany. The company specializes in providing all-in-one renewable energy solutions, including solar panels, heat pumps, energy storage, and electric vehicle charging stations. With a workforce of 1001-5000 employees, Enpal aims to make renewable energy accessible and affordable through flexible financing options and a leasing model.
How Much Funding Has Enpal Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2017
- Lead Investors: Picus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2018
- Lead Investors: Picus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and develop the first commercial products.
- Series A
- Amount Raised: Not publicly disclosed
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2020
- Lead Investors: Princeville Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand into new markets.
- Series C
- Amount Raised: €100M
- Date: July 2021
- Lead Investors: HV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the customer base.
- Series C
- Amount Raised: €150M
- Date: October 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technological capabilities.
- Series D
- Amount Raised: €215M
- Date: January 2023
- Lead Investors: Activate Capital Partners, The Westly Group, TPG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and enter new geographical markets.
- Debt Financing
- Amount Raised: €10M
- Date: May 2021
- Lead Investors: Berliner Volksbank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and short-term financial needs.
- Debt Financing
- Amount Raised: €70M
- Date: June 2022
- Lead Investors: Prime Capital AG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance the expansion of solar energy projects.
- Debt Financing
- Amount Raised: €345M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support large-scale project deployments and infrastructure development.
- Debt Financing
- Amount Raised: €855M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support ongoing projects.
- Debt Financing
- Amount Raised: €430M
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's renewable energy solutions and market reach.
- Debt Financing
- Amount Raised: €1.1B
- Date: March 2024
- Lead Investors: Barclays Europe, Bank of America, Credit Agricole CIB, CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the rollout of comprehensive home energy solutions.
- Debt Financing
- Amount Raised: €100M
- Date: November 2024
- Lead Investors: European Investment Bank, European Investment Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and deployment of new energy projects.
Enpal has raised a total of €3.375 billion in funding. The current valuation is not publicly disclosed.
Key Investors
- SoftBank Vision Fund II
- Details: SoftBank Vision Fund II is a global technology investment fund managed by SoftBank Group. It focuses on investing in innovative and disruptive technologies.
- Investment Focus Areas: Technology, AI, robotics.
- Notable Investments: Uber, WeWork, ByteDance.
- TPG Rise Climate
- Details: TPG Rise Climate is a global impact investment firm that focuses on climate-related opportunities. It is part of TPG's broader Rise Fund, which aims to achieve measurable social and environmental outcomes alongside competitive financial returns.
- Investment Focus Areas: Climate solutions, sustainable technologies, renewable energy.
- Notable Investments: Not publicly disclosed.
- HV Capital
- Details: HV Capital is a venture capital firm based in Germany that invests in early-stage and growth-stage companies across various sectors. It has a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Zalando, FlixBus, Delivery Hero.
- The Westly Group
- Details: The Westly Group is a venture capital firm that focuses on clean technology and sustainable energy investments. It aims to support companies that contribute to a more sustainable future.
- Investment Focus Areas: Clean technology, renewable energy, sustainability.
- Notable Investments: Tesla, Redaptive, Lucid Motors.
- Activate Capital
- Details: Activate Capital is an investment firm that focuses on sustainable infrastructure and technology. It aims to support companies that are driving the transition to a more sustainable economy.
- Investment Focus Areas: Sustainable infrastructure, energy efficiency, clean technology.
- Notable Investments: Not publicly disclosed.
What's Next for Enpal?
Enpal's future looks promising with the recent €1.1 billion in debt commitments aimed at expanding their integrated home energy solutions. This funding will enable Enpal to provide over 35,000 German households with solar panels, heat pumps, energy storage systems, and EV charging stations. The opportunity to enhance clean energy adoption through innovative financing models is substantial, positioning Enpal to capitalize on the growing demand for sustainable energy solutions.
Future fundraising opportunities are likely, given the continued interest from global financial institutions and pension funds. Enpal's successful track record and profitability since 2022 make it an attractive candidate for additional investments. However, the company will need to navigate challenges such as managing large-scale rollouts and adapting to regulatory changes in the renewable energy sector. Ensuring the reliability and efficiency of their energy management platform will be crucial for sustained growth.
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