Barcelona-based Holaluz, a leading climate tech company in Spain, has successfully raised €22 million in fresh capital to stay operational. Despite facing a rocky 2024 with financial difficulties and a decline in solar panel demand, Holaluz managed to secure the funding, which will help the company become cash flow positive by early 2025.
Founded in 2010, Holaluz focuses on selling 100% renewable energy and installing solar panels on consumers’ rooftops. The company has had to navigate significant challenges, including moving away from gas distribution and dealing with high interest rates and competition from fossil fuel giants. Despite these hurdles, Holaluz remains committed to its mission of promoting green energy and sustainability.
CEO Carlota Pi Amorós emphasized the company’s resilience, stating, “We’ve been fighting like hell to keep the business alive”. The recent funding round, led by Madrid-based Icosium Investment , includes €6.5 million through a capital increase and €15.5 million as a convertible loan.
Holaluz’s journey highlights the importance of adaptability and perseverance in the face of industry disruptions. The company’s focus on renewable energy and innovative solutions positions it well for future growth and success in the green tech sector.
#Holaluz #ClimateTech #RenewableEnergy #Sustainability #GreenTech #Investment #Spain #Resilience #UKIndia | Oriol Vila | Ferran Nogué | LOTFI BELLAHCENE | Oussama MERAGHNI
