Sunvigo secures HTGF investment for a revolutionary solar power product
January 26, 2021
Sunvigo is the first company in Germany to offer homeowners the opportunity to use solar power from their own roof with a flexible power contract. With the investment from High-Tech Gründerfonds, Sunvigo is now expanding its market position.
“Millions of homeowners in Europe want to contribute to fighting climate change with solar power from their own roofs – but they can’t find a suitable product in today’s market,” explains co-founder Dr. Michael Peters. Sunvigo eliminates the complexity of the energy transition that experts often criticize: The company operates the PV systems just like own power plants and supplies home-owners with solar power from their roofs and green power from the grid. Customers pay only for the electricity they consume – and save money from the very first euro with solar power.
With this business model Sunvigo has now secured financing from High-Tech Gründerfonds. Previous investors include former RWE Germany CEO Arndt Neuhaus, Ecosummit GmbH, Swiss climate tech VC Übermorgen Ventures and other successful founders. Despite all the COVID pitfalls, Sunvigo raised a total of EUR 1.1 million in financing in just six months. HTGF’s investment sets the course for further growth in a European market with over EUR 100 billion in annual sales potential.
About Sunvigo
Sunvigo revolutionizes the use of solar power for homeowners. The company offers its customers solar power from their own roof as part of a power contract, combined with battery storage and charging devices for electric cars if desired. In the future, Sunvigo further plans to become a virtual-power-plant operator and also make surplus solar power from the Sunvigo Community available to people without suitable roof space. Sunvigo was founded in 2020 and is based in Cologne.
Sunvigo contact
Sunvigo GmbH
Dr. Michael Peters
T: +49 152 0348 2221
E: michael.peters@sunvigo.de
About High-Tech Gründerfonds
High-Tech Gründerfonds is a seed investor that finances high-potential, tech-driven start-ups. With around EUR 900 million in total investment volume across three funds and an international network of partners, HTGF has already helped forge almost 600 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and startup experts help to guide the development of young companies. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial technology, life sciences, chemistry and related business areas. To date, external investors have injected over EUR 2.8 billion into the HTGF portfolio via more than 1,600 follow-on financing rounds. HTGF has also successfully sold interests in more than 100 companies.
Investors in the public-private partnership include the Federal Ministry of Economics and Energy, KfW Capital, the Fraunhofer-Gesellschaft and 32 companies. The Fund Investors
Media contact HTGF
High-Tech Gründerfonds Management GmbH
Stefanie Grüter, Head of Marketing & Communications
T: +49 228 – 82300 – 188
E: s.grueter@htgf.de
Investor contact HTGF
High-Tech Gründerfonds Management GmbH
Dr. Maximilian Bock, Investment Manager
T: + 49 228 82300 – 124
E: m.bock@htgf.de
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