Madrid-based Samara, a solar tech startup that helps build homes of the future with solar energy, reportedly announced that it has raised €4.5M in a Seed round of funding.
According to TechEU, the investment was led by Madrid-based Seaya Ventures, a multi-sector fund investing in outstanding and mission-driven founders of European tech companies.
Existing investor Pelion Green Future, a Munich-based clean energy, and technology investment firm, also participated in this round.
Founded in 2022, Samara assists homes in accelerating the switch to a smart, efficient, and sustainable energy generation and consumption model.
The company helps homeowners to set up solar panels, batteries, and EV chargers in their houses.
Samara’s online configurator, which also offers advice on storage batteries and solar-powered EV chargers, assists users in setting up their rooftops with the most efficient solar PV configuration.
Before making a purchase, customers can also see 3D design renderings of solar items using the program.
They can also enter their power use to determine cost savings and pollution reductions.
With the raised capital, the company aims to go national with its business model, opening several installation hubs across Spain.
Read more on Tech Gist Africa:
