Enpal, the Berlin-based solar energy unicorn, has landed €110 million in fresh equity funding led by global investment firm TPG. This marks the company’s first equity raise since 2023 and signals renewed investor confidence despite a tough economic landscape for green energy startups.
The new round also drew support from Enpal’s existing backers. The capital will fuel product development and international expansion, although the company hasn’t yet named specific markets. With rising competition and shifting consumer demand across Europe, this investment gives Enpal the firepower to stay ahead in the race to decarbonize homes.
Let’s unpack the top three things you need to know about Enpal’s big move and what it means for the future of clean energy in Europe.
From Solar Panels to Smart, Sustainable Homes
Founded in 2017 by Mario Kohle, Jochen Ziervogel, and Viktor Wingert, Enpal set out to make renewable energy more accessible to everyday households. What started as a subscription-based solar panel provider has now grown into a full-service home energy tech company.
Today, Enpal offers an integrated ecosystem of clean energy solutions, including:
- Photovoltaic (PV) solar systems that convert sunlight into electricity, reducing grid dependency
- High-efficiency heat pumps for eco-friendly home heating and cooling
- Battery storage units that capture surplus solar energy for use during outages or at night
- EV charging stations that let homeowners power their electric vehicles using solar electricity
This comprehensive energy suite is part of Enpal’s mission to help homeowners become self-sufficient energy producers. The startup is also working on a next-gen energy trading platform, allowing households to sell excess electricity back to the grid or to other users—essentially transforming homes into decentralized micro power plants.
Revenues Dip, But Growth Plans Stay Strong
Even with its ambitious vision, Enpal hasn’t been immune to the slowdown in the solar sector. In 2024, the company’s revenue slipped to €860 million, down from €905 million in 2023. The dip mirrors wider industry struggles, driven by inflation, higher interest rates, and temporarily reduced consumer urgency as fossil fuel prices fell.
However, the new equity raise indicates Enpal’s leadership is optimistic about a rebound. Combined with its earlier €1.1 billion debt financing secured from Barclays Europe, Bank of America, and Crédit Agricole CIB, the latest equity round strengthens its balance sheet and positions the company for long-term expansion.
Enpal Faces Fierce Competition Across Europe
As home electrification gains traction, the competitive landscape for residential clean energy is intensifying. Enpal now faces stiff rivalry from fast-scaling European startups offering similar integrated services.
Among them is 1Komma5°, a fellow German innovator founded in 2021. It offers a platform bundling solar systems, batteries, heat pumps, and energy software—mirroring Enpal’s model. Backed by more than €430 million in funding, 1Komma5° now operates in over 10 countries.
Another strong contender is Aira, a Swedish startup supported by Vargas Holding. Since launching in 2023, Aira has quickly expanded its offering from heat pumps to full-stack energy solutions. With plans to open 100 consumer experience centers across Germany, the UK, and Italy, Aira is betting big on brand visibility to win over European homeowners.
Enpal Bets on Energy Trading and European Expansion
Despite market pressures, Enpal’s latest raise shows investor belief in its long-term strategy. The company is doubling down on innovation and preparing for market expansion, all while advancing its energy trading platform. That move could redefine how European households generate and manage electricity—ushering in a more resilient and decentralized energy future.
As interest in energy independence and green tech continues to rise, Enpal is determined to lead the charge in transforming how homes consume and contribute to power grids across Europe.
