Soly Enters Italian Market with a 30 Million Euro Round

Dutch clean energy company Soly has recently entered the market in Italy with the announcement of the closing of a €30 million Series B round led by American funds.

The investment was led by ArcTern Ventures in partnership with the American Fifth Wall and by previous investors Shell Ventures and the pension fund AB . The capital will be used by the company to continue its internationalization journey and differentiate the range of services offered.

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What Soly does

The Dutch company, which opens its headquarters in Milan, has estimated that, for an average family of four people, the installation of solar panels would lead to annual savings of €1500-1800, for approximately 9.6 kg of CO2 per day in less.

Created from the idea of ​​the two Van der Meulen brothers to create a company completely focused on renewable energy, Soly has already installed 850,000 solar panels in the 6 countries where it operates (Netherlands, South Africa, Belgium, Germany, UK and Italy).

Soly’s plans

“The choice of Italy as the sixth port of call in our internationalization journey is a prudent one: here there are already one and a half million photovoltaic systems connected to the electricity grid and the company is demonstrating a real interest in adopting sustainable solutions like ours – commented Matteo Artero, Country Manager Italy of Soly – Our goal is that more and more people choose the sun as a source of energy, and we strongly believe that building an environmentally friendly community is a goal that is getting closer every day, with savings not only in terms of pollution but also economically.”

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(Featured image by Michael_Pointner via Pixabay)

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First published in StartupItalia. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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