Enpal raises €1.1B in debt commitments to facilitate German solar and heat pump adoption.
Mar 21, 2024•over 1 year ago
Amount Raised
€1.1 Billion
Investors
Cpp InvestmentsCredit Agricole CibBank Of AmericaBarclays Europe
Description
Enpal, a German green tech unicorn, has secured a massive €1.1 billion in financing commitments from a strategic partnership with three prominent global investment banks: Barclays Europe, Bank of America, and Credit Agricole CIB, as well as the Canadian pension fund manager CPP Investments. The funding will accelerate the rollout of its comprehensive home energy offering, including solar panels, heat pumps, energy storage systems, and EV charging stations.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers