The Plug & Play solar panel developer Supersola has raised an investment of 1 million euros, led by ROM InWest. In addition to ROM InWest, Techfund One and several members of The Investors Club are joining as shareholders.
The funding serves to scale up further, create more products, and increase Supersola’s brand awareness. Thanks to the investment, the company expects revenue growth of more than 500% next year.
Expand and scale up
“This will be the year when we will grow Europe-wide and want to be in Dutch and French hardware stores,” Supersola founder Julius Smith says. “There is interest from all over Europe, but we are now focusing mainly on our home country of the Netherlands and France, where almost all the big DIY stores (Castorama, E.Leclerc, Brico Depot, etc.) have already approached us to sell. We have had to hold off that demand due to a lack of production capacity and financial resources. With this investment, we are expanding our production capacity to start scaling up.”
Plug & Play solution
Supersola offers a self-developed and manufactured solar panel ready to use immediately. Connecting can be done in three simple steps: (1) unfold, (2) fill the ballast tanks with water, and (3) plug into a grounded outlet. Filling and weighing with water serves – like a parasol base – to keep the panel firmly in place. Letting the water drain out again makes the Supersola easily portable to your new (rental) home, for example. The power that the Supersola delivers to your home via a standard plug goes first to appliances that are currently using power. If more power is generated than consumed, the Supersola returns power to the grid. You can start with one panel and connect multiple panels together later for expansion.
Also for tenants
“With the Supersola, almost all households have the opportunity to make their homes more sustainable and can start with just one solar panel. The easy installation requires no technical knowledge, avoids expensive installation work, and allows you to take the panel with you when you move. The panel is therefore also suitable for tenants, who are usually not allowed to install fixed solar panels to reduce their energy bills,” Smith said.
Investors
ROM InWest is the regional development corporation (ROM) for North Holland, whose large network can also help Supersola grow hereafter. Techfundone provides the necessary technical experience and knowledge of how to scale up a company effectively. The InvestorsClub consists mainly of entrepreneurs with a large network who have successfully set up a company themselves before, enabling them to support and advise Supersola with their experience.
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