Soly Raises €34,834,124 to Expand Global Solar Energy Reach

Soly, an international Energy Tech company, has secured $34,834,124 in new investment capital from investors. The company, founded in 2013 by brothers Patrick and Milan van der Meulen, aims to make solar energy universally accessible. Soly has established itself as a European market leader in decentralized energy generation and storage solutions. Focusing on both residential and business sectors, Soly provides comprehensive offerings including solar panels, batteries, and charging stations. Its operations span the Netherlands, South Africa, Belgium, Germany, the United Kingdom, Italy, and Austria. The company attributes its capital efficiency to its proprietary software platform, enabling it to manage operations across multiple countries with a team of 140 employees. Soly's platform was recognized in the Deloitte Technology Fast50 in 2021. This significant funding round underscores continued investor confidence in Soly's business model and its impact-driven mission. As a B Corp certified company since 2018, Soly adheres to high standards of sustainability and social justice. The newly raised capital is earmarked to accelerate the company's strategic growth initiatives and enhance its technological capabilities to meet increasing demand for renewable energy solutions. Soly's founders were inspired at a young age by environmental advocacy, leading them to build a company committed to using entrepreneurship 'As a force for good'. This investment is expected to further empower Soly to scale its operations and extend its reach, bringing more sustainable energy options to a wider audience. The company is positioned to continue its expansion and reinforce its leadership in the energy transition.