PwC Legal advises Statkraft Ventures on investment in ZOLAR GmbH

Nuremberg, November 30, 2017

PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft (PwC Legal) has advised Düsseldorf-based Statkraft Ventures GmbH on investing in ZOLAR GmbH, an online distributor of solar energy systems headed by co-founders Alexander Melzer and Gregor Loukidis, as part of the current Series A financing round. The Danish fund investor Sunstone Technology Ventures along with TS Ventures GmbH and the French fund investor Partech Ventures participated in the round. In addition to the co-founders, the Swiss Christian Gell and GP JOULE IPP Assets GmbH have already invested in the Berlin-based start-up.

ZOLAR GmbH is the first provider of solar power systems and power storage systems which can be configured online. Founded in Berlin in 2016, ZOLAR aims to equip every home with a decentralised renewable energy system to make people less dependent on the power grid. The company thus not only actively promotes the energy revolution but also helps each household to reduce their carbon footprint.

Statkraft Ventures GmbH is a European venture capital investor that supports exceptional businesses which are advancing the energy revolution. Current investments include tado, DEPsys, Greenbird and Limejump. Statkraft Ventures is exit-driven and is backed by the Statkraft Group, Europe’s largest producer of renewable energy.

Advisors to Statkraft Ventures GmbH:

PwC Legal (Nuremberg):

Gerhard Wacker (Lead, Corporate/M&A) and Lars Spiller, Klara Körber and Raffael Cammareri (Corporate/M&A)

Advisors to ZOLAR GmbH:

Icadia Legal (Berlin):

Ingo Schneider (Lead)

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