Participated · Equity · Feb 2022

sunvigo offers homeowners solar systems, battery storage and electric-vehicle charging infrastructure with no initial investment; the company handles planning, installation and maintenance. Customers pay a monthly installment that covers the system, storage and charging hardware at a fixed price the company says is lower than current electricity prices. Buyers can choose a fixed tariff or a dynamic tariff tied to exchange prices, and sunvigo provides a 20-year price guarantee; the dynamic tariff can yield benefits from low exchange prices. The firm aims to build a Europe-wide solar power community and to accelerate a decentralized energy transition. Founded in Cologne in 2020, sunvigo operates a virtual power plant of rooftop solar installations. The company recently secured new financing to support further roll-out of installations, storage and charging infrastructure. Sunvigo designs, builds and operates residential solar PV systems and offers an end-to-end smart solar-as-a-service proposition for owners of single-family houses. The company also provides battery storage, e-vehicle charging and a green grid power plan. Customers can finance systems via a solar power contract or by purchasing the system outright. Founded in 2020 by Dr. Michael Peters and Dr. Vigen Nikogosian, Sunvigo is active in the German market and employs a team of 130 people. The company recently completed a €19.5M financing package and intends to use the proceeds to scale its smart solar-as-a-service solution and further develop its virtual power plant. Sunvigo sells electricity contracts that include the installation, operation and maintenance of rooftop PV systems, with optional battery storage and EV charging integration. The company positions itself as Germany’s first decentralized energy provider, simplifying access to solar power by charging for consumed electricity rather than PV components. Since founding in 2020, Sunvigo grew its customer base more than tenfold in 2021 and now employs more than 50 people. The business focuses on expanding its Green Power Community, improving the digital customer experience and scaling headcount and internal processes. Sunvigo plans to link its systems into virtual power networks to make community solar available to all electricity customers. The company aims to protect customers from rising electricity prices while accelerating deployment of low-carbon solutions. Sunvigo is the first company in Germany to offer homeowners solar power from their own roof via a flexible power contract. The company operates PV systems on customers' behalf, supplying rooftop solar and supplementing with green grid power so customers pay only for the electricity they consume and save from the first euro. Offerings can include battery storage and charging devices for electric cars. Sunvigo raised a total of EUR 1.1 million in financing over six months despite COVID headwinds. Investors named in the financing include High‑Tech Gründerfonds alongside previous backers such as former RWE Germany CEO Arndt Neuhaus, Ecosummit GmbH, Übermorgen Ventures and other founders. The company plans to scale into virtual power-plant operation and make surplus community solar available to people without suitable roof space; Sunvigo was founded in 2020 and is based in Cologne.