Sunvigo

Sunvigo

Offers a solar system for free combined with a flexible electricity contract. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$53—79m (Dealroom.co estimates Apr 2023.)
Company register number HRB 101998 (Köln)
Cologne Nordrhein-Westfalen (HQ), Cologne Nordrhein-Westfalen (founding location)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR202120222023
Revenues2.6m7.4m10.1m
% growth-187 %37 %
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DateInvestorsAmountRound

€500k

Seed

€600k

Seed

€3.0m

Early VC
*

€10.0m

Early VC
*

€5.0m

Debt
*

€7.5m

Debt
*

€12.0m

Early VC
*
N/A

€15.0m

Debt
*
N/A

N/A

Bankruptcy
Total Funding$28.7m

Recent News about Sunvigo

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More about Sunvigoinfo icon
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Sunvigo is a German startup revolutionizing the residential solar energy market. The company primarily serves individual homeowners, providing them with solar energy solutions tailored to their specific needs. Sunvigo operates in the renewable energy sector, focusing on solar power, which is a rapidly growing market due to increasing environmental awareness and the push for sustainable energy sources.

The core business model of Sunvigo is unique and customer-friendly. Instead of requiring homeowners to purchase solar panels outright, Sunvigo offers a subscription-based service. Homeowners can get a solar system installed on their roofs without any upfront costs. Sunvigo remains the owner of the solar system and takes care of its maintenance and operation. In return, homeowners pay a monthly fee, similar to a conventional electricity contract. This model lowers the barrier to entry for solar energy, making it accessible to more people.

Sunvigo makes money through these monthly subscription fees. By retaining ownership of the solar systems, the company can ensure a steady stream of revenue over the long term. Additionally, Sunvigo benefits from any excess energy produced by the solar panels, which can be fed back into the grid, potentially earning additional income.

The company also emphasizes energy independence for its clients. By using Sunvigo's solar systems, homeowners can reduce their reliance on traditional power suppliers and fossil fuels. This not only helps the environment but also provides customers with more predictable and often lower energy costs.

Currently, Sunvigo's services are limited to single-family homes and do not extend to commercial properties or multi-family houses. This focus allows the company to specialize and optimize its offerings for individual homeowners.

In summary, Sunvigo is making solar energy more accessible and affordable for homeowners through an innovative subscription model, contributing to a more sustainable future.

Keywords: solar energy, subscription model, homeowners, renewable energy, Germany, solar panels, energy independence, sustainable, residential market, maintenance-free.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.