Insolight closes a new financing round of chf 4.85 mln to accelerate deployments’ scale-up and commercial roll-out
This round brings reinforcement to Insolight’s shareholding structure with lead investor Demeter, a major European venture capital player in agritech and cleantech industries, and Smart Energy Innovation Fund, the Corporate Venture Capital Fund of Energie 360°, a Zurichbased sustainable energy and mobility service provider. They were joined by the existing investors Verve Ventures and Zürcher Kantonalbank, who are continuously supporting the company’s growth.
The funds are instrumental to deploy Insolight’s first large-scale insolagrin installations (hectare size / megawatts scale), serving first berry growers in Switzerland and France. The company then aims to replicate those first agrivoltaic installations globally and increase the number of targeted crops. The round will also support the commercial scale-up and the development of the existing projects’ pipeline, targeting multiple tens of millions of Euros in the next two years.