# Candi Solar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/candi-solar

- Industry: Renewable Energy
- Headquarters: Zurich, Switzerland
- Website: www.candi.solar
- Total disclosed funding: $88M
- Latest round: Debt (Nov 5, 2026)
- Investors on record: 18

## About

Founded in 2018 and based in Zurich, Switzerland, Candi Solar AG operates as a renewable energy firm. The company was founded by Fabio Eucalipto. In July 2025, Candi Solar AG raised USD 24 million in venture debt funding from returning investors Norfund, STOA Infra and Energy and Triple Jump. Candi Solar provides rooftop solar systems for small and medium-sized businesses. The company offers a financing model with no upfront costs, allowing businesses to switch to solar power without a capital investment. The company plans to utilize the July 2025 funding to expand its presence in the market, broaden its range of products and services, and increase its workforce.

## Funding rounds

- Debt, Nov 5, 2026, $50M — Pentagreen Capital, Bank of the Philippine Islands, British International Investment, Cathay United Bank, DBS, Export Finance Australia, FAST-P Office, FMO, HSBC, International Finance Corporation, Allied Climate Partners, Temasek
- Series C, Jun 10, 2024, $38M — STOA Infra and Energy, Kyuden International Corporation, Norfund
- Series B, Sep 2, 2022 — Triple Jump, Gaia Impact Fund, STOA Infra and Energy
- Seed, Dec 11, 2018 — Persistent Energy Capital, Gaia Impact Fund

## Investors

- Persistent Energy Capital (https://capitalatlas.ai/funds/persistent-energy-capital) — Seed
- Gaia Impact Fund (https://capitalatlas.ai/funds/gaia-impact-fund) — Seed, Series B
- Triple Jump (https://capitalatlas.ai/funds/triple-jump) — Series B
- STOA Infra and Energy — Series B, Series C
- Kyuden International Corporation — Series C
- Norfund (https://capitalatlas.ai/funds/norfund) — Series C
- Pentagreen Capital — Debt
- Bank of the Philippine Islands — Debt
- British International Investment — Debt
- Cathay United Bank — Debt
- DBS — Debt
- Export Finance Australia — Debt
- FAST-P Office — Debt
- FMO — Debt
- HSBC — Debt
- International Finance Corporation — Debt
- Allied Climate Partners — Debt
- Temasek — Debt