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- zolar
zolar Funding, Investors & Competitors
zolar has raised $153M across 5 funding rounds, most recently a $107M Series C in May 2022.
Last zolar funding round
$107M
Series C · May 2022
Cumulative funding zolar raised
$153M
across 5 funding rounds
Key investors in zolar
Heartcore Capital
Statkraft Ventures
Partech
Inven Capital
Energy Impact Partners
AENU
BayWa r.e. Energy Ventures
GIC
About zolar
zolar is a Berlin-headquartered solar energy company that provides an online configurator for customizing photovoltaic systems, batteries, and electric vehicle chargers. Partner experts assist homeowners during configuration, while a network of local installers handles on-site deployment across Germany. Employing around 200 staff, zolar focuses on integrating energy generation, storage, and mobility to create self-sufficient households. The firm has installed systems on thousands of rooftops since its founding in 2017, contributing to Germany's renewable energy transition through end-to-end solar solutions.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
zolar Funding History
zolar has raised a total of $153M across 5 funding rounds.
zolar's first fundraising round was a $5M Series A in November 2017. The most recent completed round was a $107M Series C in May 2022.
zolar funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2022 | Series C | Energy Impact Partners (lead); GIC (lead); Heartcore Capital; AENU; Pirate Impact; Statkraft Ventures; Inven Capital | $107M | Zolar is a Berlin-based climate-tech startup founded in 2016 by Alex Melzer and Gregor Loukidis, operating as a digital platform that democratizes access to solar energy for homeowners and businesses in Germany. It provides a fully digital shopping experience for customizable photovoltaic systems at fixed prices, with options to lease solar on a monthly basis, reducing complexity and enabling contributions to climate protection through renewable energy adoption. On May 19-20, 2022, Zolar raised €100 million (~$105M) in a Series C equity financing round led by U.S. investor Energy Impact Partners (EIP) and Singapore’s sovereign wealth fund GIC, with participation from existing investors Inven Capital, Heartcore Capital, Statkraft Ventures, and Pirate Impact Capital. The investors highlighted Zolar's role in accelerating the clean energy transition, supporting net-zero goals, and helping homeowners reduce carbon emissions amid rising energy prices and geopolitical pressures to shift from Russian energy sources. Zolar plans to use the proceeds to expand its Craftship Partner Network of local installers from 500 to 3,000 by 2025, launch a training center to address skills gaps in renewables, and develop new digital energy products including an energy management system, dynamic electricity tariffs, and smart features like automated EV charging optimization via its app. The company reported enquiries for solar installations quadrupling in 2022 due to surging demand. |
| Mar 2021 | Series B | Energy Impact Partners (lead); AENU | $12M | Zolar is a Berlin-based greentech startup that supplies photovoltaic systems managing renewable energy for homeowners. In March 2021, it added €10 million led by Energy Impact Partners (EIP) to its ongoing Series B funding round, increasing the total to €35 million. Existing investors including AENU continued to support the round. The funds aimed to triple solar capacity in Germany, accelerate growth, establish Zolar as a consumer brand, and focus on sustainable energy production for private households. Zolar reported significant revenue growth in the past year despite COVID-19 restrictions and targeted tripling installations across Germany in 2021. EIP described Zolar as one of Germany's fastest-growing energy startups. Previously, Zolar raised €4 million in Series A in 2016 and €15 million in another round last September from investors like Inven Capital, TS Ventures, Heartcore Capital, Statkraft Ventures, BayWa r.e., and Partech Partners to expand overseas. |
| Sep 2020 | Series B | Inven Capital (lead); TS Ventures; Heartcore Capital; Partech; BayWa r.e. Energy Ventures; Statkraft Ventures | $18M | - |
| Aug 2019 | Series B | BayWa r.e. Energy Ventures (lead); Inven Capital (lead); Heartcore Capital; Partech; Statkraft Ventures | $11M | Zolar is a Berlin-based greentech startup founded in 2016 that offers photovoltaic systems to homeowners through a digital end-to-end configuration platform. The platform simplifies solar system planning with user-friendly design, cost and performance transparency, fixed price guarantees, and integrated leasing and financing services. It aims to enable private solar energy generation for greater independence from traditional suppliers and supports the renewable energy transition. On August 27, 2019, Zolar raised a €10 million Series B funding round. BayWa r.e. Energy Ventures and Inven Capital led the round, with participation from existing investors Heartcore Capital, Statkraft Ventures, and Partech. The funds support expansion of Zolar's digital platform and network of installation partners. Zolar's CEO Alex Melzer, with over 10 years in the solar sector, emphasizes that expanded private solar generation could technically supply Germany, Europe, and the world with 100% renewable energy. The investment aligns with movements like Fridays for Future, highlighting viable greentech solutions. |
| Nov 2017 | Series A | Heartcore Capital (lead); Statkraft Ventures (lead); Partech; Tim Schumacher | $5M | Zolar is a Germany-based solar power installation service founded in 2016 that allows customers to configure precise solar energy systems based on their home and energy needs, then installs the systems itself. In late 2017, Statkraft Ventures and Heartcore Capital (then Sunstone Capital) co-led a $4.7 million Series A round that also included Partech Ventures and Tim Schumacher. The company has since raised additional funding, including a €10 million Series B in 2019 co-led by BayWa RE Energy Ventures and Inven Capital, with participation from Statkraft Ventures, Heartcore Capital, and Partech. This Series B was later expanded to €25 million with a €15 million extension led by Inven Capital in 2020. Zolar continued fundraising with a Series C in 2022 led by Energy Impact Partners, GIC, Heartcore Capital, Inven Capital, and Statkraft Ventures. |
Who has invested in zolar?
11 investors have backed zolar across its funding rounds, including Heartcore Capital, Statkraft Ventures, Partech, Inven Capital, Energy Impact Partners and AENU.
Lead investors include Energy Impact Partners, GIC, Inven Capital, BayWa r.e. Energy Ventures, Heartcore Capital and 1 other investor.
zolar Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2017 | ||
| 4 | Lead | Nov 2017 | ||
| 3 | Participant | Nov 2017 | ||
| 3 | Lead | Aug 2019 | ||
| 2 | Lead | Aug 2019 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Lead | May 2022 | ||
This data is available for Pro users. Sign up to see all 11 zolar investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free Trialzolar Competitors
zolar competitors include listed companies like Brookfield Renewable Partners and REC, and private ones like Lancium Technologies, 50Hertz, The Faraday Grid and Ample.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $10B | - | ||
| Publicly listed | $6.4B | $4.8B | $8.9B | 11.7x | ||
| Publicly listed | $2.3B | $2.2B | $8.6B | 25.9x | ||
| Private | - | - | $6B | - | ||
| Private | - | - | $3.7B | - | ||
| Private | - | - | $1B | - |
zolar Public Comps
zolar is still privately-owned, but its public comps include GE Vernova, Iberdrola, Enbridge, China Yangtze Power, Constellation Energy, Williams Companies, Enterprise Products, Energy Transfer, Kinder Morgan and TC Energy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $47B | $15B | 4.2x | 3.6x | 13.3x | 13.3x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $12B | $7.4B | 10.1x | 9.8x | 16.4x | 14.6x | |||
| $53B | $9.6B | 2.2x | 1.9x | 12.3x | 11.0x | |||
| $86B | $15B | 1.9x | 1.5x | 10.5x | 8.8x | |||
This data is available for Pro users. Sign up to see all zolar competitors and their valuation data. Start Free Trial | ||||||||
Common questions about zolar
| When was zolar founded? | zolar was founded in 2016. |
| Where is zolar headquartered? | zolar is headquartered in Berlin, Germany. |
| Is zolar publicly listed? | No, zolar is a private, VC-backed company. |
| How much funding has zolar raised? | zolar has raised $153M across 5 funding rounds. |
| What was zolar's last funding round? | zolar's last funding round was a $107M Series C in May 2022, led by Energy Impact Partners and GIC. |
| Who are zolar's investors? | zolar's investors include Heartcore Capital, Statkraft Ventures, Partech, Inven Capital, BayWa r.e. Energy Ventures, AENU, Energy Impact Partners, TS Ventures, GIC, Tim Schumacher and 1 other. |
| Which companies are comparable to zolar? | Companies comparable to zolar include Lancium Technologies, Brookfield Renewable Partners, REC, 50Hertz, The Faraday Grid and Ample. |
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