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#111 by ARRGermanyenpal.de ↗

Enpal

Enpal sells and installs rooftop solar systems, batteries, heat pumps and wallboxes, mainly through rental and subscription plans, to homeowners in Germany.

ARR
$893M revenue (est.)
as of Oct 2026
Employees
3.3K
as of Oct 2026
Valuation
$2.4B
2.7× ARR
ARR / employee
$271K
revenue efficiency
About Enpal

Enpal is a Berlin-based residential energy company, not an AI company. It sells and installs photovoltaic systems, home batteries and heat pumps, and offers subscription or rental plans as well as purchase. Founded in 2017, it became Germany's first green-tech unicorn in 2021 and was profitable from 2022. Revenue was about €905M in 2023 and about €860M in 2024. It raised a €110M round led by TPG in April 2025 and financed its leased assets with large debt and securitisation deals, including €367M in July 2026. It is a Dutch B.V. headquartered in Berlin. It had roughly 3,700 employees in May 2026 and closed its Hamburg site in July 2026, cutting about 85 jobs.

Investors · 11

LeadTPGPrivate equity19 partners on file
BoardTPGPrivate equity· Edward Beckley (Partner at TPG)19 partners on file
InvestorActivate CapitalVenture capital
InvestorDST GlobalVenture capital15 partners on file
InvestorEuropean Investment BankBank13 partners on file
InvestorHeliadVenture capital
InvestorHV CapitalVenture capital10 partners on file
InvestorPicus CapitalVenture capital3 partners on file
InvestorPrinceville Climate TechnologyVenture capital3 partners on file
InvestorSoftBank Vision Fund 2Corporate83 partners on file
InvestorTarget GlobalVenture capital3 partners on file
InvestorThe Westly GroupVenture capital3 partners on file
152 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

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