Deals/M&A Antitrust, Public Procurement and State Aid Law

PwC Legal advises ZOLAR on increase of current Series B financing round

Nuremberg/Berlin, 24th March 2021

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided ZOLAR GmbH (ZOLAR), an online distributor of solar systems, with comprehensive legal advice on the increase of the current Series B financing round by 10 million EUR. Thus, the total investment of the Series B financing round launched in 2019 has increased to 35 million EUR.

The increase of the Series B financing round was led by Energy Impact Partners. ZOLAR continues to hold on to existing Series B investors. With this new financial investment, the start-up is setting the course for its expansion into a Next Generation Green Energy Company, which focuses on sustainable energy generation and the holistic use of solar energy in private households.

Energy Impact Partners, one of the leading investors in the energy sector, leads innovative financing opportunities for companies dedicated to transforming the energy supply to enable a sustainable and carbon-free future.

The Greentech company ZOLAR enables homeowners to custom plan, compare and order photovoltaic systems online at a fixed price. The Berlin-based start-up was founded in 2016. It has the vision of installing a custom solar system on every rooftop worldwide, thus facilitating the independence of private households from the public power grid. The company aims to establish itself as the leading consumer brand in the energy industry and plans to expand its core business.

Advisors to ZOLAR GmbH:

PwC Legal (Nuremberg/Berlin):

Klara Körber (lead), Janine Gerner-Yumusak (all Corporate/M&A),

Susanne Zühlke, Dr. Matthias von Kaler (all Antitrust and Foreign trade law)

Advisors to the investors:

Orrick, Herrington & Sutcliffe LLP (Dusseldorf):

Dr. Sven Greulich, LL.M., Dr. Johannes Rüberg, Mark Rossbroich (all Corporate/M&A)

Advisors to BayWa r.e. Energy Ventures GmbH:

Norton Rose Fulbright LLP (Munich):

Sebastian Frech, Sebastian Eisenhut (all Corporate/M&A)

About PwC Legal:

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. More than 220 lawyers at 18 locations. Integrated legal advice for the practice.

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