Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech.
This week, we’re looking at a huge raise for Sunsave, a UK clean tech company aiming to bring rooftop solar and battery storage to the masses.
Sunsave just closed a £113 million Series A round to supercharge its subscription-based solar service. Co-founded by CEO Alick Dru and Ben Graves, the London-based startup is tackling household adoption by removing installation barriers: their Sunsave Plus plan offers full system ownership with fixed monthly fees and zero upfront payment. The round includes £13 million in equity co-led by Norrsken VC and IPGL, with backing from Clearance Capital, fintech veterans from Wise, and notable returners like Lord Michael Spencer, Lord Stuart Rose, and Roland Rudd. A £100 million debt facility from Crédit Agricole CIB will fund installation across tens of thousands of homes.
“Our £0 upfront subscription has seen rapid adoption, helping homes save hundreds of pounds on their energy bills and make a real difference to their finances,” said Dru. “This £113M fundraise is a significant milestone in our journey—it will let us meet rapidly growing demand, launch new products, and give customers peace of mind that we’ll be here to support them for the long term.”
Since launching in 2022, Sunsave has seen 32% month-over-month growth. It’s the first FCA-authorized solar subscription in the UK and holds a slew of industry accreditations including MCS, HIES, and TrustMark. With this round, the company plans to extend its platform to include EV chargers, heat pumps, and smart energy software, evolving into an all-in-one home energy platform.
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This article was drafted with the help of generative AI using company-submitted details, then manually edited and carefully reviewed by a human editor before publication.
