SunRoof raises €15 million in a funding round led by the European growth equity fund Klima Energy Transition Fund to offer its integrated solar roofs to more residential and commercial clients in Europe

SunRoof revolutionizes housing electrification and decentralized renewable energy generation with the most powerful and resource efficient building-integrated solar roofs on the market today.
SunRoof has raised €15 million in a funding round led by the European growth equity fund Klima Energy Transition, with the participation of other VC funds and business angels, including Jon Olsson.
The funding will support the company strong growth in its existing core European markets, mainly Sweden, Germany, and Poland, as well as its leading position in the BIPV sector.
The recent investment round increased the total funding of SunRoof to €21.5 million.

SunRoof – the Swedish startup revolutionising the capture and use of renewable energy through its solar roof system – has raised €15 million in a funding round led by Klima, the growth equity fund of Alantra focused on technology companies accelerating the energy transition, together with the participation of VC funds such as Inovo Partners, SMOK Ventures, Alfabeat and Level2 VC and business angels, including Jon Olsson elite skier and entrepreneur. The funding will help the company strengthen its position in the existing European markets, by increasing both its sales and production capabilities.

Led by co-founder, CEO, and serial entrepreneur Lech Kaniuk (Delivery Hero, PizzaPortal, and iTaxi), SunRoof delivers the most powerful building-integrated solar roofs on the market today. The company offers 2-in-1 solar roofs and innovative façades that optimize the decentralized electricity generation of a building. The solar roofs are not only neat-looking and more productive per surface area of a roof, but also leave lower CO2-footprint and use less resources and materials, comparing to traditional roof and PV installations.

SunRoof offers to homeowners a complete energy management system including storage and a digital platform, to track the progress of manufacturing and construction of their solar roof but also monitor and manage their energy production and consumption via the SunRoof’s energy app, ultimately optimizing the economical return of their SunRoof installation.

The company was founded by Karol Kaniuk, a brother of Lech, who has been developing the technology in Sweden. The duo is backed by an experienced management team which includes co-founder of Jumia Travel and HotelOnline.co, Marek Zmysłowski, entrepreneur and former Google executive, Rafał Plutecki.

Over the last two years, SunRoof has established and expanded operations in Sweden, Germany, and Poland, being the fastest growing company in the BIPV industry. With the recent funding, SunRoof will continue to grow and to consolidate its leading position inexisting markets.

SunRoof grew from 10 people in January 2020 to over 130 employees beginning of 2022 and is seeking a new key executive at the COO position to strengthen the top management team prior to the next rapid expansion planed from 2023 and onwards.

The energy transition is not a plan for the future, it’s the mission we must carry out now. This year has proved it already, with Europe overwhelmed with heat waves and shadowed by energy insecurity. SunRoof is on a mission of not only helping homeowners fulfill their own needs, but also contributing to the future clean energy infrastructure. I’m delighted that Klima is joining us as an investor and as a partner. The Klima team has already supported us in establishing relationships with strategic partners, who will help us to further develop and deliver an end-to-end decentralised and smart energy system to our customers across Europe,

says Lech Kaniuk, CEO & Co-Founder of SunRoof.

Housing and transportation electrification will be key to accelerate the energy transition, and we expect decentralized solar to play a significant role to enable this. For re-roofing and new built applications, the integrated solutions of SunRoof are an economical and environmental no brainer and this represents a multi billion addressable market. We are glad to partner with the very experienced and ambitious management team of Sunroof to power the houses and commercial buildings of the future,

says Lucille Bonnet, Managing Partner at Alantra Energy Transition.