STS Ventures led the financing round of Golfstrom. The exact amount of money transferred to the Startups The amount of capital invested is unknown. As part of the seed round, previous loans from nine angel investors were also converted into company shares.
Golfstrom plans to use the additional funds to further expand its platform, which enables solar companies to offer their customers solar rental directly at the point of sale. The solution is intended not only to support the expansion of renewable energies but also to reduce energy costs for consumers.
Caspar Bayer, CEO and co-founder of Golfstrom, commented:
"This financing is a significant step for Golfstrom and the energy transition in Germany. With the new funds, we can continue to pursue our vision of a decentralized, sustainable energy future and ensure that no solar plant fails due to financing."
Oliver Kaul, Partner at STS Ventures, says:
"The investment in Golfstrom fits perfectly with our strategy of investing in visionary founders and transformative ideas that can sustainably change markets. Golfstrom has the potential to significantly advance the energy transition in Germany by making solar energy accessible to a broader target group and driving digitalization in the trades. We are convinced that Golfstrom, with its innovative business model and strong founding team, will make a significant contribution to a sustainable future."
The founders of Golfstrom have set out with the mission to accelerate the transition to renewable energy. The startup supports Solar specialist companies in Germany with financing instruments. It enables the installation of solar systems through rental models for end customers. This eliminates the need for them to bear high acquisition costs. Specialist companies can better utilize their capacities and tap into new customer segments.
