PwC Legal advises ZOLAR on current Series B financing round.

Nuremberg, 12th September 2019. PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided ZOLAR GmbH, an online distributor of solar energy systems, with comprehensive legal advice on the current Series B financing round of approx. EUR 10 Mio. This financing round was led by BayWa r.e. Energy Ventures GmbH and the Czech investor Inven Capital, SICAV, a.s. Besides its founders Alexander Melzer and Gregor Loukidis, Statkraft Ventures GmbH, TS Venture GmbH and the Danish investment fund Heartcore Capital Fund III K/S, amongst others, are already invested in the Berlin-based startup.

Founded in April 2018, BayWa r.e. Energy Ventures GmbH invests in innovative startups from the entire energy sector that deal with digital solutions, energy storage and e-mobility.

Inven Capital, SICAV, a.s. is a venture capital fund of the ČEZ Group supported by the European Investment Bank („EIB“) with a total fund volume of EUR 240 Mio.

Zolar GmbH offers solar power systems, which homeowners are able to custom plan, compare and order online, at a fixed price. Founded in Berlin in 2016, the greentech aims to equip every home with a decentralized renewable energy system to make people less dependent on the power grid. Thus, the company not only actively promotes the energy revolution but also enables each household to reduce its carbon footprint.

Advisors to ZOLAR GmbH:

PwC Legal (Nuremberg):
Gerhard Wacker, Klara Körber (Lead), Christian Heigl (all Corporate / M&A)

For additional information please contact:
Martin Krause
PwC Communications
Tel.: +49 (0)211 981 – 16 57
Email

About PwC Legal:

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 230 lawyers at 18 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work. PwC Legal is a member of the worldwide PwC Legal network, with more than 3,500 lawyers offering their services in 100 countries worldwide.

About PwC

The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 158 countries, more than 236,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax and Business Consulting.

The brand name, PwC, refers to the PwC network and/or to one or several of its member firms, each of which is a separate legal entity. Further details under www.pwc.com/structure.