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Estonian photo voltaic roofing firm Solarstone raises €10 million

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Solarstone, an Estonian photo voltaic roof startup, has secured €10 million in funding; with these funds, the corporate intends to broaden constructing built-in photo voltaic photovoltaic options throughout Europe and past.

The funding will allow the corporate to improve manufacturing and develop the groups in Estonia and different strategic markets. The firm is actively recruiting proptech consultants to develop non-public and enterprise segments.

In addition, it’s investing in software program options that empower stakeholders within the development business to design and procure solar energy crops extra successfully.

Solarstone’s photo voltaic roof as a carport. Image by Solarstone.

Leading the spherical was Biofuel – an asset administration firm specializing in environmentally pleasant wooden refining and sustainable forest administration.

According to Silver Aednik, a co-founder and the CEO of Solarstone, vitality manufacturing and consumption patterns are present process a serious shift, with prosumer-generated capacities balancing the shortcomings of centralised vitality technology.

Solarstone founders Mait Kukk, Mattis Jürimäe and Silver Aednik.

Solarstone founders Mait Kukk, Mattis Jürimäe and Aednik have been producing building-integrated photo voltaic panels and applied sciences in Viljandi, Estonia, since 2016.

This is the corporate’s second vital funding spherical. Sunly, a renewable vitality firm, joined in 2019.

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