Enpal
About Enpal
Enpal is a Solar startup based in Berlin, Germany that has raised $598M in venture capital across 4 funding rounds since 2017. The company reached Growth stage in July 2018 with a null round led by Picus Capital. Enpal's investor base includes 8 institutional funds, with TPG Rise Climate leading the most recent equity round.
Enpal is Germany's market-leading residential clean energy company, offering an all-inclusive lease-to-own model for rooftop solar systems, battery storage, EV wallboxes, and heat pumps. Homeowners pay a fixed monthly fee while Enpal handles installation, maintenance, and repairs, removing the high upfront cost barrier to home energy transition. The Enpal.One platform ties all energy assets together through smart energy management, optimising self-consumption and grid feed-in in real time. Founded in Berlin in 2017, Enpal surpassed 60,000 residential installations and reported revenues of approximately €905M in 2023, cementing its status as Germany's first green unicorn after reaching a €2.4B post-money valuation in its 2023 Series D.
Enpal Funding Rounds Timeline
4 rounds · $598M raised · since 2017
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | July 2018 | Undisclosed | — | Picus Capital | — |
| Series C | October 2021 | $246M | — | SoftBank Vision Fund 2 | HV Capital, Activate Capital, The Westly Group |
| Series D | January 2023 | $232M | $2.6B | TPG Rise Climate | Princeville Climate Technologies |
| Growth | April 2025 | $120M | — | TPG | — |
Investors in Enpal
8 institutional investors across 4 rounds
Lead investors
Co-investors
Questions about Enpal
How much has Enpal raised?
Enpal has raised $598M across 4 funding rounds since 2017.
Who are the investors of Enpal?
Enpal's investors include TPG Rise Climate, SoftBank Vision Fund 2, HV Capital, Picus Capital, TPG, Activate Capital, The Westly Group, Princeville Climate Technologies.
When was Enpal's last funding round?
Enpal's most recent round was a null Seed in July 2018, led by Picus Capital.
What is Enpal's valuation?
Enpal reached a $2.6B valuation (unicorn status) with its Seed round in July 2018.
Where is Enpal headquartered?
Enpal is headquartered in Berlin, Germany, and was founded in 2017 by Mario Kohle, Viktor Wingert, Jochen Ziervogel.