SunRoof designs and sells building-integrated photovoltaic (BIPV) roofs that serve as both the roof material and solar collector. The company says its solar roofs are more productive per roof surface, have a lower CO2 footprint, and use fewer resources and materials than traditional roof-plus-PV installations. SunRoof provides an end-to-end energy management offering, including collection and storage capabilities. Unlike many Berlin-based panel-rental startups, SunRoof is a pure sell business and says its pricing is competitive and cheaper than a roof plus photovoltaic installation. The company intends to use new funding to bolster sales and production in its key markets of Sweden, Germany, and Poland. CEO and co-founder Lech Kaniuk frames the business as contributing to urgent energy transition and future clean energy infrastructure. SunRoof develops integrated 2‑in‑1 solar roofs and glass façades that generate electricity without traditional photovoltaic modules and are monitored via its energy app. The company acquired Redlogger in 2020 and plans to use its network of solar homes to create a virtual power plant and energy marketplace. SunRoof has grown more than 500% year‑on‑year and says it is on track for a €100M valuation by the end of 2021. The startup will use new funding to expand into Sweden, Germany, Poland, Switzerland, Italy, Spain and pilot projects in the US, and to hire 100+ people in 2021. It is working with the EU Green Deal and Poland’s National Recovery Plan and has begun accepting Bitcoin as a payment option. Founded in 2013 by Karol Kaniuk, Lech Kaniuk, Marek Zmysłowski and Rafał Plutecki, SunRoof aims to compete with incumbents such as Tesla Energy by emphasizing partnerships and an open ecosystem. SunRoof develops integrated solar two-in-one roofs and accompanying software for smart energy management. The company aims to replace traditional roofs with a modern-design solar roof that produces electricity without installing separate photovoltaic panels. It plans to launch an ecommerce platform to sell surplus energy generated by its panels, starting in the Polish market, and to expand into new European markets. SunRoof completed its first VC financing — a nearly €2 million late seed round — and investors say the company has strong regional potential. In August the startup acquired Redlogger, a Swedish firm that developed hardware and software to support renewable energy producers. Founded in Sweden in 2013, SunRoof spent its early years building and testing proprietary technology and gained momentum in late 2018 after adding seasoned entrepreneurs to the team.

Total raised

$23M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2022