SunRoof is a European startup that has come up with a clever idea. It has its own roof-tile technology which generates solar power. It then links up those houses, creating a sort of virtual power plant, allowing homeowners to sell surplus energy back to the grid.
It’s now closed a €4.5 million round (Seed extension) led by Inovo Venture Partners, with participation from SMOK Ventures (€2m of which came in the form of convertible notes). Other investors include LT Capital, EIT InnoEnergy, FD Growth Capital and KnowledgeHub.
Sweden-based SunRoof’s approach is reminiscent of Tesla Energy, with its solar roof …
