Renewable energy is finding a stronger foothold, thanks to the discourse over global warming. Among the numerous renewable energy sources, solar is widely and readily available, since the sun shines for a large part of the year. As a result, lots of countries and startups are pursuing solar energy with serious intent.
Secured €45 million from Mitsubishi Corporation
One such startup is the London-based BBOXX that designs, manufactures, and distributes plug and play solar systems. Recently, the company has closed a $50 million (approx €45 million) Series D funding round led by Mitsubishi Corporation, a globally integrated business enterprise headquartered in Japan, which led the round.