Sunsave raises £113m Series A funding led by Norrsken VC and IPGL to scale solar subscription service
The financing comprises £13m in equity and a £100m debt facility from Crédit Agricole CIB.
Sunsave is the UK first FCA-authorised solar subscription provider, offering fully maintained rooftop installations without upfront costs. The business combines hardware, software and financing to help households reduce their energy bills.
Sunsave has secured £113m in a Series A funding round co-led by Norrsken VC and IPGL, alongside a £100m debt facility from Crédit Agricole CIB. The capital will be used to scale the company's solar subscription service across England and Wales, helping tens of thousands of households adopt rooftop solar and battery storage. Additional participants in the equity raise included Clearance Capital, early employees from Wise, Lord Michael Spencer, Lord Stuart Rose and Roland Rudd.
The business has experienced strong growth since introducing its Sunsave Plus subscription in January 2024, removing the traditional barrier of high initial expenses. The fresh funding will enable the company to meet growing demand and eventually expand its offering to include electric vehicle chargers, heat pumps and smart tariff optimisation.
From the founder
"Sunsave was founded in 2022 with a mission to make solar and battery storage accessible to all UK households. Since launch, our £0 upfront subscription has seen rapid adoption, helping homes save hundreds of pounds on their energy bills and make a real difference to their finances. This £113M fundraise is a significant milestone in our journey – it will let us meet rapidly growing demand, launch new products, and give customers peace of mind that we’ll be here to support them for the long term."
Alick Dru
Co-founder and CEO at Sunsave
Investor perspective
"Sunsave has cracked the code on making affordable solar a reality for the mainstream, removing the upfront cost that’s long held households back from making the switch. In just a short period of time, they’ve shown outstanding traction, solid unit economics, and secured strategic partnerships that set them apart. With the UK solar market on the brink of major growth, Sunsave is perfectly positioned to become a category-defining force in the energy transition"
Agate Freimane
General Partner, Norrsken
Investors
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About the company
Sunsave
Sunsave operates a solar subscription service that removes upfront installation costs for households.