Solho, an Italian energy company based in Italy and the Netherlands, closes a 580 thousand euro round led by Rabobank and Shift Invest with various business angels
Summary
Solhoa high tech company active in the energy sector, founded by two Italians, Adriano Desideri And Emiliano Casatibased in Italy and the Netherlands, closed a round of 580,000 euros (see the press release here). Leading the round, which was also attended by several business angels, was the Dutch venture capital fund Shift Invest And Rabobankone of the largest banking groups in the Netherlands (here the post on Linkedin).Adriano Desideri, CEO and co-founder of Solho said: We are happy to announce this investment round, with which we aim to enter the Italian market, whose industrial sector is still extremely dependent on gas consumption. Our solutions make it possible to decarbonise the demand for heat and cooling in the industrial and residential sectors, eliminating dependence on fossil fuels.Solho, in fact, offers solar thermal solutions and operates in various countries, from France to the Netherlands to Saudi Arabia. The heat purchase contract, the so-called haas, provides for the financing, construction and management of the sprhout directly at the expense of the company and the company can purchase the thermal energy at an agreed fixed price.The two founders were part of a group of Italian researchers a Delft, in the Netherlands and in 2017 they founded the company with the aim of facilitating the energy transition of the industrial and residential sector by replacing gas with solar to eliminate emissions, eliminate dependence on fossil fuels and significantly reduce costs. Among other things, in Italy, investments in renewables are on the verge of an acceleration the likes of which has not been seen since the decade 2005-2012, in which investments were driven by state incentives (see report in magazine BeBeez February 7, 2023).As for Rabobankjust a few days ago, participated, together with a pool of banks, in another round in favor of a historic Italian company active internationally, Lavazza spawhich received a loan of 600 million euros from a pool of banks made up not only of the Dutch player but also of BNL, BNP Paribas, Banco Bpm, Intesa Sanpaolo and Mediobanca (see other article by BeBeez).