The 77Sol solar energy products and services platform raised R$14 million during an investment attraction round. The company managed to attract two new partners: EDP Brasil, through its corporate venture capital arm, EDP Ventures and Crescera, an independent private equity manager. The resources will be invested in platform features.
77Sol was designed to meet the needs of integrators, offering commercial tools, techniques for sizing photovoltaic systems and management and inventory, as well as access to a marketplace and financing requests.
“More than focusing on price, we provide the solar integrator with professional tools and competitive market conditions so that they can provide the best service to the end consumer. We are focused on the pain of our users and, consequently, on innovation in the solar market in Brazil”, said Luca Milani, co-founder and CEO of 77Sol.
EDP Brasil has sought to reinforce its investments in renewable sources. “We are the first Brazilian corporate venture capital in the energy sector and we invest in startups that can help us accelerate the energy transition.”
“Distributed solar generation is one of our priorities. We want to increase the supply of solar energy through different innovative products and solutions, and the investment and partnership with 77Sol meets this”, says Carlos Andrade, vice-president of Customers and Innovation at EDP Brasil.
Crescera Capital, in turn, seeks to invest in companies with high growth potential. “We had been looking for a company that operated in the solar energy sector with the characteristics of 77Sol for some time.”
“They are: innovative, scalable, with a great technological difference and high growth potential, in addition to contributing to the growth in the use of renewable energy sources. We are very excited about this investment”, adds Alexandre Leão, partner at Crescera Capital.
