secures investment from Leonardo DiCaprio backed climate technology fund Princeville.

Written by on November 30, 2020


Enpal secures funding from Leonardo DiCaprio backed local weather know-how fund Princeville.

30.11.2020 / 09:15
The issuer is solely accountable for the content material of this announcement.

– U.S. funding fund Princeville Local weather Expertise joins Enpal as a number one Silicon Valley? investor targeted on breakout-stage know-how corporations geared for fast progress. T?his is the primary engagement in Germany for Princeville’s Local weather Expertise fund. Princeville has huge funding expertise within the local weather and tech sector and has beforehand invested within the likes of Alibaba, Tencent, eBay and Fb, amongst others. Leonardo DiCaprio serves as an advisor to the fund.

– Princeville is a useful advisor to Enpal and its growth plans, having performed an element in constructing and shaping lots of the world know-how leaders of our time. Along with Princeville, Picus Capital founder Alexander Samwer, Supply Hero founder Lukasz Gadowski and Zalando founders Robert Gentz, David Schneider, and Rubin Ritter are already on board as extremely skilled and well-known traders.

– By means of their photo voltaic lease resolution, Enpal gives inexpensive photo voltaic electrical energy. Based in 2017, Enpal is now the most important residential photo voltaic supplier in Germany with greater than 5,000 clients. The imaginative and prescient: to turn into the most important power firm in Europe.

?Leasing a residential photo voltaic system has turn into quite common within the US, with round 90 p.c of the photo voltaic programs on US personal roofs belonging to photo voltaic lease fashions. Within the meantime, the development can also be gaining floor in Germany – on the forefront of this photo voltaic revolution is Berlin-based pioneer Enpal. Simply three years in the past the three founders Jochen Ziervogel (32), Mario Kohle (36) and Viktor Wingert (33) developed their concept – as we speak they obtain as much as 40,000 inquiries per thirty days and have greater than doubled their progress over the past months – in the course of the pandemic.

That is now attracting new traders: After the ?recent million dollar deal? with the Zalando founders, the Berlin-based firm is now partnering with the famend US funding agency P?rinceville Local weather Expertise?. Princeville is a useful advisor to Enpal and its growth plans, having performed an element in constructing and shaping lots of the world know-how leaders of our time. That is the primary engagement in Germany for Princeville’s Local weather Expertise fund. Within the highlight: Oscar winner and environmental activist Leonardo DiCaprio, who’s a part of the crew at Princeville Local weather Expertise, serving as an advisor to the fund.

Managing director and founder Mario Kohle needs to utilize the extra capital to roll-out his growth plans : “Princeville Local weather Expertise with its huge worldwide expertise and distinguished administration board is a extremely useful associate and has already formed enterprises similar to eBay and Fb within the US. We’re delighted that they’re partnering with Enpal, as their solely renewable power funding in Germany”.

Over 5,000 Clients in Germany

It is a easy concept: Enpal needs to make it as straightforward as doable for householders to get their very own photo voltaic system. The end result: 6,000 programs put in by the top of the 12 months, as much as 40,000 buyer inquiries per thirty days. “At present, a couple of million customers go to our web site each month to seek out out extra a couple of low-cost photo voltaic system,” says Mario Kohle. What’s particular in regards to the service: With Enpal, clients spend much less on their electrical energy than earlier than as a result of in contrast to their power payments, the lease fee at Enpal stays the identical over 20 years. “Our gives begin at 50 euros per thirty days, the excessive acquisition prices of as much as 20,000 euros are eradicated and upkeep and insurance coverage are additionally included,” explains Mario Kohle. In comparison with different suppliers, the Berlin-based firm depends on a purely on-line technique to realize its affordability with no exterior gross sales workers, and all logistics are applied digitally.

“At first, everybody turned us down. Individuals needed us to come back by in individual, however quickly we had our first buyer, a household from Brandenburg,” remembers Mario Kohle. Greater than 5,000 households in Germany now lease a solar system from Enpal. For subsequent 12 months, founder Mario Kohle expects greater than 10,000 programs. As a way to attain this progress, Enpal can also be working carefully with established banks similar to ING, Berliner Volksbank and Deutsche Kreditbank – which have lately elevated their refinancing quantity to 120 million euros. Enpal makes use of the cash to pre-finance the investments for patrons. Enpal now employs greater than 400 individuals nationwide.

On the way in which to changing into the most important power firm in Europe

Earlier than founding Enpal, Mario Kohle had already efficiently based and constructed an organization with 500 workers which he exited to ProSiebenSat.1 again in 2016. Throughout this course of, he found the potential of the German photo voltaic market as demand was more and more rising and the photo voltaic modules had been changing into cheaper. “In Germany alone there are 14 million roofs on which householders haven’t but put in a photo voltaic system,” says Mario Kohle. Based on him, the market is giant sufficient, and the imaginative and prescient of Mario Kohle and his crew is even greater: “Our dream is to turn into the most important power provider in Europe.” With Princeville Local weather Expertise as a associate, this imaginative and prescient now might be realized. Their formidable progress goal: to provide over 5 million households with inexperienced power by 2027.

About Enpal

Based in 2017 by Mario Kohle, the Enpal Group is now the most important supplier of photo voltaic options for householders in Germany with over 5,000 clients. The thought: E?npal? gives low-cost photo voltaic programs on a subscription foundation. Excessive preliminary funding prices are thus eradicated for householders. After 20 years working time, the system might be handed over for just one euro. For potential clients, Enpal gives an intensive package deal from session to planning. The set up is carried out by licensed companions on-site. From preliminary contact to the top of the subscription: Enpal takes care of all the course of. Simplicity, affordability, and accessibility for householders. Enpal’s objective is to provide 5 million households with their very own photo voltaic system within the subsequent seven years. Enpal at the moment employs round 400 individuals.

Press Contact:
Tina Rettschlag
Press & Communication
Presse@enpal.de
+49 30 200 053 780
https://www.enpal.de

30.11.2020 Dissemination of a Company Information, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely accountable for the content material of this announcement.

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