ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS

News

POELLATH advises Enpal on EUR 100 million financing round

Photo: Chris­tian Tönies, LL.M. Eur. Part­ner at POELLATH Munich/ Berlin
9. July 2021

Berlin — Berlin-based solar start-up Enpal has raised anot­her EUR 100 million in its largest finan­cing round to date.

The round of inves­tors was led by HV Capi­tal; other inves­tors inclu­ded Thomas Grie­sel, foun­der of the cooking box company HelloFresh, as well as Chris­to­pher Muhr, ex-mana­­ger of the used car trading plat­form Auto1, and Peter Rive, cousin of Elon Musk and co-foun­­­der of the green energy produ­cer Solar­city. In addi­tion, many exis­ting inves­tors, such as the foun­ders of the mail order company Zalando, are also on board, as is the venture capi­tal firm Picus Capi­tal with Alex­an­der Samwer or Lukasz Gadow­ski, the foun­der of the current Dax company Deli­very Hero. Actor Leonardo DiCa­prio is also indi­rectly invol­ved through an invest­ment by the Climate Tech­no­logy Fund.

Enpal offers solar panels and batte­ries for rent instead of purchase star­ting at EUR 49/month. This price already inclu­des instal­la­tion, main­ten­ance and insurance. The self-gene­ra­­ted electri­city belongs to the custo­mer, who can purchase the plant at the end of the contract period for a symbo­lic price of one euro. The aim is to make it chea­per and, above all, more conve­ni­ent for homeow­ners to install a photo­vol­taic system. The busi­ness model has its model in the USA, where the leasing of solar plants has become estab­lis­hed as a stan­dard solution.

Wall­bo­xes, char­ging stati­ons for electric cars, will soon be avail­able as part of the package. Rene­wa­ble heating solu­ti­ons will also be avail­able in the leasing model in the future. The online solar provi­der was foun­ded in 2017 by Mario Kohle, co-foun­­­der of Around­home (form­erly known as Käufer­por­tal), and claims to have comple­ted more than 8,000 solar projects in the mean­time. This makes Enpal a leader in solar leasing and has tripled its earnings with over 4,500 systems instal­led in 2020. No other German solar company mana­ged this.

POELLATH advi­sed Enpal also in the context of this finan­cing round with the following team:
Chris­tian Tönies, LL.M. Eur. (Part­ner, Lead Part­ner, M&A/VC, Munich/Berlin)
Dr. Sebas­tian Gerlin­ger, LL.M. (Coun­sel, M&A/VC, Munich/Berlin)
Markus Döll­ner (Senior Asso­ciate, M&A/VC, Munich)

About POELLATH

POELLATH is a market-leading inter­na­tio­nal busi­ness and tax law firm with more than 150 lawy­ers and tax advi­sors in Berlin, Frank­furt and Munich. We stand for high-end advice on tran­sac­tions and asset manage­ment. We offer legal and tax services from a single source. In our selec­ted and highly specia­li­zed prac­tice groups, we not only know the law, but also shape best prac­tice in the market toge­ther with our clients. Natio­nal and inter­na­tio­nal rankings regu­larly list our consul­tants as leading experts in their field.

We offer compre­hen­sive services in the following areas: Mergers & Acqui­si­ti­ons | Private Equity | Venture Capi­tal | Private Funds | Real Estate Tran­sac­tions | Corpo­rate and Capi­tal Markets | Finan­cing | Tax | Succes­sion and Wealth | Foun­da­ti­ons and Non-Profit Orga­niz­a­ti­ons | IP/IT, Distri­bu­tion and Anti­trust | Liti­ga­tion and Arbitration.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at] fyb.de