Samara is accelerating the energy transition in Spain one solar panel at a time
Summary
This is due to new subsidies, better technology and several European startups that are working on streamlining the installation process.One of the startups driving the energy transition of European households in Southern Europe is Samara, a Spanish company that just raised a 9 million ($9.8 million at todays exchange rate) Series A funding round just two years after it was founded.We have now supported more than 1,700 families in their transition both to solar and other energy transition products, Samara co-founder Manel Pujol told TechCrunch. When potential customers land on Samaras website, they can enter basic information to get a preliminary quote and an estimate of how much they could save with a solar installation.This seems to be a strong starting point, as customers can save as much as 70% on their electricity consumption from the grid Spain is one of the European countries with the most hours of sunshine, after all.After that, Samara follows up to collect more information and create a personalized installation proposal using the companys proprietary offer builder. Similarly, as you dont pay for electricity consumption, an EV charger is a logical next step.On this front, Samara still has room for growth. Currently we see a circa 20% attachment rate of these products to our solar projects and a significant opportunity to further develop these products in Spain, which still lags significantly behind Germany, U.K. or Italy in the adoption of batteries and EV chargers, Pujol said.Similarly, while 1,700 households contacted Samara for a solar project, there are around 6 million households in total in Spain. Ring Capital, Athletico Ventures, and existing investors Seaya and Pelion Green Future also participated.