Solar power roof-tile and energy startup SunRoof closes €4. 5M led by Inovo Embark Partners

SunRoof is a European startup that have come up with a clever idea. It contains its own roof-tile technology and it generates solar power. It then web links up those houses, making a sort of virtual power plant, let on homeowners to sell surplus exertion back to the grid.

It’s now d a €4. 5 million round (Seed extension) encouraged by Inovo Venture Spouse, with participation from SMOK Ventures (€2m of which arrived the form of convertible notes). Many investors include LT Venture capital, EIT InnoEnergy, FD Massive Capital and KnowledgeHub.  

Sweden-based SunRoof’s approach is reminiscent of Tesla Energy, with its solar roofing tiles, but whereas Tesla runs a closed exertion ecosystem, SunRoof plans cooperate with multiple energy partners.

In achieving this virtual power company, SunRoof BOSS and serial entrepreneur Lech Kaniuk (formerly of Situation Hero, PizzaPortal, and iTaxi), acquired the renewable energy equipment, Redlogger, in 2020.

SunRoof’s platform incorporates 2-in-1 solar roofs to façades that generate dart without needing traditional photovoltaic quests. Instead, they use monocrystalline pv cells sandwiched between two significant sheets of glass that sometimes measure 1 . 7 sq meters. Because the surface area is going to be large and the connections much less, the roofs are low cost and faster to build.  

SunRoof make homeowners an energy app to handle the solar, based on Redlogger’s infrastructure

Tesla’s Autobidder is a trading platform it manages the energy from roofing but is a closed environment. SunRoof, by contrast, works with a couple of partners.

Kaniuk said: “SunRoof was founded to really make the move to renewable energy not only unproblematic, but highly cost-effective without having to sacrifice on showcases or design. We’ve pretty much grown more than 500% year-on-year and will use the latest financial assistance to double down on spots. ” 

Michal Rokosz, Partner at Inovo Venture Partners, commented: “The market of solar energy is booming, estimated to reach $334 billion by 2026. Technique of integrated solar roofing is past the inflection area. It is an economical no-brainer to receive consumers to build new houses using solar solutions. Owning a more elegant and efficient replacement to a traditional hybrid relating to rooftops and solar panels, Sun-roof clearly stands out and has to be able to be the brand for origen roofs, making clean-tech more inviting to a wider customer-base. ”

The team consists co-founder Marek Zmysłowski (ex-(Jumia Travel and HotelOnline. co), former Google executive, Rafal Plutecki, and former Tesla Channel Sales Manager, Robert Bruchner.

They’re rollout plans for Sweden, Germany, Poland, Switzerland, Tuscany, Spain, and the US.

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