As Europe moves towards a net-zero ecosystem and European Commission is looking at reducing greenhouse gas emissions, Berlin-based Solytic is betting big on photovoltaic (PV) installations.
The energy monitoring platform has now raised €2 million funding. The round was led by German energy company EWE AG and Polish fund SpeedUp Energy Innovation, powered by PGE Ventures. The additional capital will be utilised for further product development and creating AI-based care technology for PV installations.
Going forward, the company plans to start operations in Poland and Western Europe and is looking for partners among companies installing and operating PV installations.
The platform aims to increase the efficiency of PV installations which would, in turn, lead to more amount of clean energy produced. It is currently operating in the German PV market since 2017. The clean tech startup…
Solytic heats up solar energy market with €2 million for monitoring PV installations
