ZollerThe German residential solar digital platform has raised €100 million (approximately $109 million) in funding to launch a new financing solution for residential solar consumers. It has been reported.
The company's latest investment was from a global financial institution BNP Paribas Total funding reaches nearly 300 million euros (approximately $326 million), Tech Funding News report Monday (April 8th).
Founded in 2016, Zolar provides an online platform where both homeowners and solar system installers can access solar power solutions, according to the report.
The company said the number of inquiries on its platform has quadrupled this year and aims to expand its network to 3,000 by 2025 and increase installation capacity, according to the report.
According to the report, the company's new financing solution, zolar Easypay, allows consumers to secure a solar power system with no down payment, decide on an installment plan with an online configuration tool, and get an overview of expected monthly payments. It is possible to receive it.
This solution is offered in response to the growing demand for innovative financing as the residential solar power market matures. jamie heywoodzolar's CEO said in the report.
“A huge thank you to BNP Paribas for supporting Zolar's customers in their transition to solar power,” Heywood said in an article on Monday. post On LinkedIn.
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In previous funding round for German artificial intelligence (AI) startup Aleph Alpha Announced in November 2023 that it had raised $500 million in Series B. funding round Research foundational models, enhance product features, and expand commercialization efforts. The company aims to develop its own large-scale language models and compete with OpenAI.
June 2023, German Travel Platform Get the guide Raised $194 million in equity and credit financing Expand into North America and invest in AI innovation.
