# HPS Home Power Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hps-home-power-solutions

- Industry: Renewable Energy
- Headquarters: Berlin, Germany
- Website: www.homepowersolutions.de
- Total disclosed funding: $3.5M
- Latest round: Series A (Feb 22, 2021)
- Investors on record: 1

## About

HPS Home Power Solutions GmbH specializes in innovative energy solutions, focusing on solar power systems for residential and commercial applications, aiming to enhance energy efficiency and promote sustainable energy use.Founded in 2014 in Berlin, Germany, HPS Home Power Solutions GmbH focuses on delivering solar energy solutions. The company has successfully completed 5 deals, with the most recent funding round occurring on October 1, 2024, where they raised EUR 22.00 mn from a returning investor, EIT InnoEnergy. The CEO and founder, Zeyad Abul-Ella, has been instrumental in steering the company's strategic direction.Home Power Solutions specializes in providing innovative energy solutions primarily focused on residential and commercial solar power systems. Their core offerings include photovoltaic (PV) panels, energy storage solutions, and comprehensive installation services aimed at optimizing energy efficiency and reducing reliance on traditional power sources. These products are designed to harness solar energy, converting it into usable electricity, thereby addressing the growing demand for sustainable energy options. The end users of these products typically include homeowners looking to reduce their energy bills, small businesses aiming for eco-friendly operations, and larger commercial enterprises seeking to meet regulatory requirements for sustainability. Home Power Solutions markets its products primarily across Europe, particularly in Germany, France, and the Netherlands, where the push for renewable energy adoption is robust.Revenue generation for Home Power Solutions is structured around a direct-to-consumer model, supplemented by partnerships with local contractors and energy retailers. Clients engage in transactions typically involving the purchase of solar panel systems, which may include additional services such as installation, maintenance, and monitoring. The company offers tailored pricing plans based on the specifications of each installation project, allowing flexibility based on customer needs. Flagship products include high-efficiency solar panels and advanced energy storage systems, which are key drivers of sales. Overall, the company's revenue is supported by these diverse offerings, catering to a growing market focused on renewable energy solutions.In October 2024, HPS Home Power Solutions GmbH raised EUR 22.00 mn in venture funding from returning investor EIT InnoEnergy. This funding will support the development of new products aimed at enhancing energy efficiency and expanding into new geographical markets. The company plans to target further expansion across the European market, specifically in regions with a significant demand for renewable energy solutions. These initiatives are aligned with the company's commitment to addressing the urgency for sustainable energy options.

## Funding rounds

- Series A, Feb 22, 2021, $3.5M — InnoEnergy

## Investors

- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Series A