Sunhero builds residential photovoltaic installations and develops accompanying software and product lines for home self-consumption. The company was founded in Berlin and is headquartered in Barcelona. It is focused on consolidating growth in the Spanish market after a summer of record home solar installations. In March the company closed a €10 million capital round to boost software development and its product line, led by Planet A and Vorwerk Ventures with participation from Redstone, Speedinvest and All Iron Ventures. In October 2023 Sunhero secured a €3 million financing agreement with BBVA Spark to support expansion in Spain. Management frames the BBVA Spark financing as key to accelerating clean, independent energy adoption among Spanish households. Sunhero installs customised residential photovoltaic systems and builds accompanying software, offering customers the option to buy outright or rent for a 20-year period. The company operates a photovoltaic panels business and software development practice and plans to add an EV charger offering. Sunhero positions itself alongside players such as Enpal and Zolar in delivering hassle-free home solar installations. It has over 100 employees across Spain, Germany, Italy, Egypt, and Ukraine, and has installed close to 1,000 systems in Spain, producing approximately 2,000 MWh of electricity. Sunhero is officially Berlin-based and opened an HQ office in Barcelona in 2022 to focus on the Spanish market. The company says the new capital will support further expansion of its market position in Spain and the roll-out of its EV charger product. Sunhero offers a hassle-free service to install customised photovoltaic solar systems on homeowners’ roofs, with options to buy outright or rent for a 20-year period. The company is Berlin-based and operational in Spain, a market chosen for high electricity prices and strong solar potential. Sunhero competes with providers such as Enpal and Zolar by focusing on a tech-enabled, customer-centric installation and financing experience. Founders Christopher Cederskog and Stefan Braun bring extensive international expansion and operations experience; the article notes they claim a combined capacity “capable of producing 1.21 gigawatts.” The business plans to use new funding to expand sales, operations, and leadership hires, and to pursue international expansion beyond Spain. The company recently raised seed capital, which it is deploying to drive growth and scale its go-to-market efforts.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2023