Utrecht-based solar panel rental startup Solease has got an investment of €3 million from Arosa Capital Management, a New York-based investment company. With the funding, Solease is expected to widen its operational capacity. Notably, the potential of solar panel rental industry and its mounting demands in the Netherlands have led the American investor to support Solease.
The CEO of Arosa, Till Bechtolsheimer, said, “We have experience with investing in residential solar energy suppliers in America and see our investment in Solease as a natural extension of our belief that renting solar panels is attractive for homeowners. We are particularly excited about the cooperation with a strong management team and are confident that Solease can contribute to a fast-growing market in the Netherlands.”