Lisbon-based Bling Energy, which provides solar panel installations with flexible payment options to help homeowners reduce electricity costs, has raised €15 million to expand its solar subscription service to 3,000 additional homes and promote energy transition accessibility.
- Established in 2022, Bling Energy develops and provides solar energy solutions through a flexible subscription model. The company designs customized solar panel installations based on each home’s location and electricity needs, handling the entire process from sizing and installation to monitoring.
- Customers can choose to subscribe without upfront costs and own the system after 20 years, or purchase the installation outright and recover their investment in 4 to 6 years.
Details of the deal
- The round was backed by BlueCrow Capital, a financial firm that focuses on venture capital investments in industrial R&D projects that drive sustainability and innovation, as well as consultancy in international financial markets across industrial, retail, and tech sectors.
- The funding will support the deployment of 11 MWp of solar capacity and 9 MWh of storage, while also helping the company grow its operations and reach.
