Berlin-based greentech startup Zolar has raised an additional €10 million (US$11.9 million) in an investment round led by Energy Impact Partners.
The fundraiser led by investor EIP has added €10 million to Zolar’s series B funding, bringing the fund’s total to €35 million, which will be used to triple the residential installer’s solar capacity in Germany and accelerate its growth.
Alex Melzer, co-founder of and chief executive of Zolar, said the company has been able to grow its revenues “significantly” despite travel restrictions and work disruption imposed by Germany’s COVID-19 lockdown.
