UK-based solar financing start-up Sunsave has raised £13 million in Series A equity and secured a £100 million debt facility to expand its residential solar subscription services.

The Series A equity round was co-led by IPGL and impact investment firm Norrsken VC. Prominent angel investors, including Michael Spencer (founder of ICAP), Roland Rudd (founder and chairman of FGS Global), and Stuart Rose (former chairman of Asda), also joined the round, along with new investor Clearance Capital. Sunsave noted that the round was “pre-empted and oversubscribed,” with all major backers either maintaining or increasing their investment.

In parallel, Sunsave closed a £100 million private securitization warehouse facility with Crédit Agricole CIB. The funding will help the company scale its solar subscription platform, Sunsave Plus, which offers UK households an easy and affordable route to install rooftop solar panels and battery systems.

Founded in 2022 by Oxford alumni Alick Dru and Ben Graves, Sunsave has now raised over £22 million in equity to date. This includes a £5.4 million seed round led by Norrsken VC in December 2023, and a £2.2 million grant from the UK government’s Green Home Finance Accelerator (GHFA) in August 2024.

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Making Solar Simple and Affordable

Sunsave Plus, first launched in January 2024, is a full-service subscription model that includes the design, installation, financing, insurance, and ongoing maintenance of solar panels and home battery systems. Customers pay a fixed monthly fee instead of a large upfront cost, removing a key barrier to solar adoption.

The company also offers a standard version of its service, which requires an initial payment but provides the same high-quality components and support.

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A Broader Clean Energy Vision

With the newly raised funds, Sunsave plans to extend its offering beyond solar and batteries. The company is developing add-on services such as EV chargers, heat pumps, and smart energy management software that helps homeowners optimize their electricity tariffs and support grid stability.

In a statement, Sunsave said the additional funding “marks a major step forward in our mission to simplify clean energy adoption for households and contribute to the UK’s broader climate goals.”

By combining accessible finance, strong partnerships, and customer-first design, Sunsave is positioning itself as a key player in the UK's transition to clean and decentralized energy.

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Source: FINTECH FUTURES