# ZOLAR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zolar

- Industry: Renewable Energy
- Headquarters: Berlin, Germany
- Website: www.zolar.de
- Total disclosed funding: $139M
- Latest round: Series C (May 12, 2022)
- Investors on record: 10

## About

Founded in 2016 by CEO Alex Melzer, and based in Berlin, Germany, ZOLAR GmbH operates as a provider of eco-friendly internet-configurable solar-powered systems to private households. The company has around 150 employees across Germany. In April 2024, ZOLAR GmbH raised EUR 100 million in venture debt funding from investor BNP Paribas.

ZOLAR GmbH offers photovoltaic systems, which homeowners are able to customize according to their needs, compare with other products and place an order online. The company offers an online Zolar configurator with the help of which homeowners have the opportunity to adapt the components of their PV system according to their choices and at the same time receive individual advice from the solar expert. The Company also offers solar panels and cables, inverters, rack systems, heaters, water heat pumps, module optimizers, and e-charging stations.

The company’s revenue is generated by providing consultation services to homeowners. Also, the company charges the amount according to the orders placed by their customers for the installation of solar-powered systems. The company charges 139 EUR for the installation of a solar system. It also provides financing options where customers can get loans for their solar systems.

The company plans to use the funding raised in the venture debt funding round to support the launch of its new financing called zolar Easypay.

## Funding rounds

- Series C, May 12, 2022, $104M — GIC, Heartcore Capital, Statkraft Ventures, Inven Capital, Energy Impact Partners, Digital Invest, AENU
- Series B, Feb 26, 2021, $12M — Energy Impact Partners, AENU
- Series B, Sep 10, 2020, $18M — Partech Partners, Heartcore Capital, Statkraft Ventures, Inven Capital, BayWa r.e. Energy Ventures
- Series A, Oct 27, 2017, $4.7M — Partech Partners, Heartcore Capital, Statkraft Ventures, TS Ventures

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B
- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Series A, Series B, Series C
- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series A, Series B, Series C
- TS Ventures (https://capitalatlas.ai/funds/ts-ventures) — Series A
- Inven Capital (https://capitalatlas.ai/funds/inven-capital) — Series B, Series C
- BayWa r.e. Energy Ventures (https://capitalatlas.ai/funds/baywa-r-e-energy-ventures) — Series B
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series B, Series C
- AENU (https://capitalatlas.ai/funds/aenu) — Series B, Series C
- GIC — Series C
- Digital Invest (https://capitalatlas.ai/funds/digital-invest) — Series C