While conventional solar panels are often installed on rooftops with racking systems, Tesla solar roof tiles on Maui are installed as part of the roof itself! We got an exclusive look at the 9-slide redacted pitch deck it used to raise the funds.Tesla solar roof tiles are a very attractive design when compared to typical solar panels. Announcing the first batch "accelerated" interest and ultimately led to the round being oversubscribed, Kaniuk added. Kaniuk first secured around 15 million euros (around $16.2 million) from Klima Energy Transition but wanted to raise 22 million to fulfil the company's goals, he said. The funding environment slowed across tech in 2022, leading to SunRoof closing the round in two batches. Kaniuk is betting on SunRoof becoming a market leader by the end of 2023, when he plans to grow the company internationally. The fresh cash will be used to grow the company's presence in current markets including Germany, the Nordics, Poland, and the US.
Kaniuk sees this as an interesting future business model on top the solar roof technology. SunRoof is currently piloting a project in Sweden where it acts as a utility provider, buying up surplus power from customers and selling it to others. The brothers are now set on creating "virtual power plants" in every home, setting their customers up with a solar roof as well as an energy storage system and app to manage consumption. The CEO previously headed up food delivery company PizzaPortal in Poland, which was acquired by Delivery Hero, and Polish ride-hailing app iTaxi. It ticked along as a side hustle for years until he brought his brother Lech on board as CEO in 2019, when the pair started to ramp up operations. The company was first founded in 2013 by Kaniuk's brother Karol, a construction engineer who wanted an aesthetically-pleasing alternative to solar panels and built the technology for his own home. "We are both more efficient than Tesla and we are cheaper than Tesla." "There's actually no competitor that we know of that can produce more energy per square meter better than us," he added. This helps to keep down supply chain emissions and costs, Kaniuk said. When compared with traditional mounted solar panels, SunRoof uses fewer materials due to not needing frames. Its individual tiles are also bigger than competitors, meaning there are fewer "joins" and therefore wasted space. PV is more efficient at harvesting the sun's power, he said. SunRoof uses traditional photovoltaic (PV) materials instead of thin foil, which is typically used by integrated solar roof companies, CEO Leck Kaniuk told Insider. Venture-backed solar companies raised $8.35 billion last year – just shy of its record $8.48 billion in 2021, according to PitchBook. The US' Inflation Reduction Act has also added incentives for rooftop solar. The cash injection, which brings the growth round to 28.5 million euros (around $30.9 million) and the company's total investment to 35 million euros (around $37.9 million), was led by Klima Energy Transition and topped up by World Fund, Nordic Alpha Partners, and Legal & General Capital.Įnergy is tipped to be a hot market in 2023 after Russia's invasion of Ukraine in February 2022 set gas prices soaring, which in turn led to a push for solar on new buildings in Europ e. Swedish company SunRoof provides integrated solar roof tiles to offer homeowners as a slick alternative to mounted solar panels, which it claims are also more efficient and environmentally friendly than those of its competitors. We got an exclusive look at the 9-slide pitch deck SunRoof used to raise the extension round.Ī startup taking on Tesla's Solar Roof has just raised a 13.5 million euros (around $14.6 million) extension round to fuel its growth.The Swedish company, founded in 2013, is taking on Tesla's Solar Roof energy system.Solar panel startup SunRoof just raised 13.5 million euros (around $14.6 million) in fresh funds.Account icon An icon in the shape of a person's head and shoulders.
0 kommentar(er)
