Eneo Solutions gets SEK 100M investment from Infranode and enters into a strategic partnership.
Eneo Solutions AB, a Stockholm, Sweden-based energy startup providing solar & geothermal power, announced getting an investment of SEK 100M ($11.3M) from Infranode. In addition to the investment in a portfolio of existing assets, Infranode and Eneo have entered into a partnership agreement to jointly develop and expand the Eneo business over the coming years.
Infranode, founded in 2013 and led by Founding Partners Christian Doglia and Philip Ajina, is a Stockholm-based infrastructure investment company that acts as a bridge between institutional investors with a long-term infrastructure investment strategy, the public sector and other key infrastructure stakeholders.
Eneo Solutions, founded in 2013 by Wilhelm Löwenhielm (CEO), Richard Nicolin and Max Metelius, is a startup that aims to become Europe's Solar City, by enabling real estate owners to take part of a distributed energy process. Eneo helps its clients with the full scope, from the development of a strategy to subscribing to solar and geothermal heat pump energy as an uncomplicated service.
Prior to this investment, Eneo raised more than $4M in outside funding, from investors including Gullspång Invest, Martin Bäuml, Niklas Adalberth, RAM Rational Asset Management, Rikard Lindstrom or Victor Jacobsson.