SunRoof, a Swedish startup shaking up the renewable energy market, has just raised €15 million to bring its integrated solar roofs to more residential and commercial clients across Europe.
The transition to renewable energy has become one of Europe’s major priorities of the moment. It’s a transition that is vital to the future environmental and societal health of our planet, and it also will make Europe more energy independent and immune to global price fluctuations – issues which are currently impacting the lives of millions and creating anxiety ahead of the winter.
SunRoof is a startup that’s been revolutionising housing electrification and decentralized renewable energy generation. As the demand for renewable energy soars, and the power of the sun is called upon, the Swedish company has just raised a fresh €15 million.
The capital injection was led by Klima, the growth equity fund of Alantra focused on technology companies accelerating the energy transition, together with the participation of VC funds such as Inovo VC, SMOK Ventures, Alfabeat and Level2 Ventures and business angels, including Jon Olsson, elite skier and entrepreneur.
The €15 million investment will help the company strengthen its position in the existing European markets, by increasing both its sales and production capabilities.
SunRoof has now raised a total of €21.5 million.
Lech Kaniuk, CEO & Co-Founder of SunRoof: “The energy transition is not a plan for the future, it’s the mission we must carry out now. This year has proved it already, with Europe overwhelmed with heat waves and shadowed by energy insecurity. SunRoof is on a mission of not only helping homeowners fulfill their own needs, but also contributing to the future clean energy infrastructure. I’m delighted that Klima is joining us as an investor and as a partner. The Klima team has already supported us in establishing relationships with strategic partners, who will help us to further develop and deliver an end-to-end decentralized and smart energy system to our customers across Europe.”
Integrated solar roof system
Headed by two brothers, Karol Kaniuk and CEO Lech Kaniuk, SunRoof offers powerful building-integrated solar roofs and has been pioneering the market space since 2013. The company’s 2-in-1 solar roofs and innovative façades optimize the decentralized electricity generation of a building – lowering users’ carbon footprint and using fewer resources and materials, compared to traditional roof and PV installations.
The Swedish innovators offer homeowners a complete energy management system including storage and a digital platform. It empowers them to track the progress of manufacturing and construction of their solar roof but also to monitor and manage their energy production and consumption via SunRoof’s energy app.
At the same time, SunRoof isn’t cutting corners when it comes to design – the solar roofs are neat-looking and productive, constructed with elegance in mind.
Over the last two years, SunRoof has established and expanded operations in Sweden, Germany, and Poland, being the fastest growing company in the BIPV industry. With the recent funding, SunRoof will continue to grow and to consolidate its leading position in existing markets.
SunRoof grew from 10 people in January 2020 to over 130 employees beginning of 2022 and is seeking a new key executive at the COO position to strengthen the top management team prior to the next rapid expansion planned from 2023 and onwards.
Lucille Bonnet, Managing Partner at Alantra Energy Transition: “Housing and transportation electrification will be key to accelerate the energy transition, and we expect decentralized solar to play a significant role to enable this. For re-roofing and new built applications, the integrated solutions of SunRoof are an economical and environmental no-brainer and this represents a multi-billion addressable market. We are glad to partner with the very experienced and ambitious management team of Sunroof to power the houses and commercial buildings of the future.”