Enpal, fastest-growing green energy company in Europe, receives a further EUR 215 million in growth capital from well-known investors.
The Series D funding round is led by TPG Rise Climate, one of the world’s leading investors in renewable energy and climate tech. With the Westly Group and Activate Capital, two more top-class climate investors are coming on board. Existing investors such as HV Capital (backed by the European Investment Bank), SoftBank Vision Fund II and Princeville Climate Technology have also taken part and further increased their commitment. The additional growth capital will enable Enpal to offer new products, expand into new markets and further develop Enpal’s award-winning intelligent energy platform.
“Fighting climate change is the greatest challenge of the 21st century,” says Enpal founder and CEO Mario Kohle . “We want to help tackle this global problem by putting solar panels on every roof, a battery in every home and a wallbox electric vehicle in front of every door. We’re thrilled to have on board the world’s leading cleantech investors, who Support our mission to make green energy easy, affordable and accessible to every household. By joining forces, we can multiply our efforts to reduce carbon emissions, thereby paving the way towards a more sustainable society.”
Edward Beckley, Partner at TPG and a senior member of the investment team at TPG Rise Climate, said, “Enpal’s success and rapid growth in Germany puts the company in an excellent position to enter new markets, products and services and to establish itself as a leading player in this sector. As fossil fuel prices remain high and governments take policy action to accelerate the energy transition, we continue to believe in the immense importance of decarbonizing homes across Europe.We are excited to partner with Enpal to bring an end-to-end, user-friendly solution to more homes in Germany and across Europe .”
The Series D funding kickstarts Enpal’s plan to take the company’s growth to a new level.