Madrid, Spain-based solar tech startup Samara raised EUR 4.5 million in recent funding. The seed round took place on December 19, 2022. Seaya, as well as Pelion Green Future, led the financing for the firm. 

The total funding to date raised by the firm now stands at EUR 6.5 million. 

Purpose of financing for Samara

With the recent proceeds from the seed funding, the company aims to grow the team as well as expand its operations. 

Samara also has plans to open multiple logistic centres, using them as hubs to provide even more technical visits and installations. It seeks to go national with its business model in order to cover different sections of Spain.  

What the founder has to say

Iván Cabezuela, the co-founder of Samara, said, “The goal is to continue the exponential growth we are experiencing in these first six months, to expand our geographic scope and to continue developing digital solutions to help our customers optimize their consumption.

Cabezuela further added, “For us, it is important to establish long-term relationships with users and to be their partner in the energy transition. We want to help more and more people adopt clean energy in their homes through solar panels, batteries and electric vehicle chargers, as well as become more energy independent and reduce their carbon footprint.”

What the investors have to add

Carlos Fisch, director at Seaya, further commented, “We have witnessed Manel and Ivan’s excellent execution and their ability to lead a company with an attractive value proposition, healthy unit economics, an outstanding team and measurable impact. We are very pleased to continue to support Samara in its mission to accelerate the adoption of solar energy in homes. The sustainable growth that Samara represents fits perfectly with Seaya’s values, and we share a common goal.” 

In addition, Benedikt von Bary, Vice President of the Pelion Green Future, said, “We are very excited to increase our investment in Samara and to continue helping homeowners to shift towards green energy and to become energy independent. Over the last months, the team around Iván and Manel has demonstrated their ability to quickly build a striving business, and we are convinced that now is the right time to invest in growth across Spain to address the underserved market of residential solar energy.”

About Samara

Iván Cabezuela and Manuel Pujol co-founded the company in 2022. The company earlier raised EUR 2 million in pre-seed funding six months ago. Seaya led the financing back then for the company.

For more extensive analysis and Market Intelligence reports, feel free to approach us.

We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know

if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover

–what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!

Next Article

Previous articleGreentech company EnginZyme raises EUR 21 million in Series B
Next articleAll There is To Cryptocurrencies: Should You Invest in Them?
Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

LEAVE A REPLY

Please enter your comment!
Please enter your name here