After raising €1M, Dutch startup Supersola announces crowdfunding campaign to raise €950K 

|

|

Last update:

Dutch-based Supersola, a cleantech startup that provides plug-and-play solar panels, announced that it has started a crowdfunding campaign to raise €950K in new capital through the NPEX stock exchange. 

The company is issuing bonds on the NPEX stock exchange, offering investors an annual interest rate of 10 per cent. 

Investors can subscribe to the bond loan from €500 with a maximum term of 60 months, reports Solar Magazine. 

Supersola says it aims to use the capital infusion to increase its working capital and significantly scale its production capabilities. 

The announcement comes three months after the company raised €1M from ROM InWest, Techfund One, and several members of The Investors Club. 

Supersola: Plug-and-play solar panels

Founded by Julius Smith, Supersola offers a self-developed and produced solar panel that is immediately ready for use. 

The company says connection can be done in three simple steps: 

  • Unfold
  • Fill the ballast tanks with water 
  • Insert the plug into an earthed socket

The company says the solar panel supplies power to the home via a standard plug that first goes to devices that consume power at that time. 

If more power is generated than consumed, Supersola supplies power back to the power network. Users can start with one panel and later connect multiple panels together to expand, claims the company. 

The Dutch startup intends to partner with the biggest distributors in France (Castorama, Brico Depot) and the Netherlands (Praxis). Further, the company is planning to expand operations into Europe and the US.

Supersola also intends to actively collaborate with industry partners, participate in renewable energy initiatives and stay updated with policy changes and market trends.

Topics:

Follow us:

Vigneshwar Ravichandran

Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena. He graduated with a Bachelor's degree in Electronics and Instrumentation in Chennai and a Diploma in Broadcasting Journalism in New Delhi.

Partner eventsMore events

Current Month

06jun3:51 pm3:51 pmFounders Circle - Padel EventHosted by AWS, Drata & CloudNation

19junAll Day20TNW Conference

Share to...