PwC Legal advises ZOLAR on current Series B financing round.
Nuremberg, 12th September 2019.
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided ZOLAR GmbH, an online distributor of solar energy systems, with comprehensive legal advice on the current Series B financing round of approx. EUR 10 Mio. This financing round was led by BayWa r.e. Energy Ventures GmbH and the Czech investor Inven Capital, SICAV, a.s. Besides its founders Alexander Melzer and Gregor Loukidis, Statkraft Ventures GmbH, TS Venture GmbH and the Danish investment fund Heartcore Capital Fund III K/S, amongst others, are already invested in the Berlin-based startup.
Founded in April 2018, BayWa r.e. Energy Ventures GmbH invests in innovative startups from the entire energy sector that deal with digital solutions, energy storage and e-mobility.
Inven Capital, SICAV, a.s. is a venture capital fund of the ČEZ Group supported by the European Investment Bank (“EIB”) with a total fund volume of EUR 240 Mio.
Zolar GmbH offers solar power systems, which homeowners are able to custom plan, compare and order online, at a fixed price. Founded in Berlin in 2016, the greentech aims to equip every home with a decentralized renewable energy system to make people less dependent on the power grid. Thus, the company not only actively promotes the energy revolution but also enables each household to reduce its carbon footprint.
Advisors to ZOLAR GmbH:
PwC Legal (Nuremberg):
Gerhard Wacker, Klara Körber (Lead), Christian Heigl (all Corporate / M&A)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 300 lawyers at 18 locations. Integrated, tech-powered legal advice.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.