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Enpal raises €1.1B in debt commitments to facilitate German solar and heat pump adoption.

Mar 21, 2024over 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.

Company Information

Company

Enpal

About

Here's a roundup of this week's biggest European Tech funding rounds, exits, 'other news' that you might have missed, and a compendium of must-read articles on all things #EUtech.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers