Sunsave Secures £113 Million to Accelerate Solar Across the UK

Sunsave, a London-based company offering an FCA-authorised solar subscription service, has raised £113 million in Series A funding. The financing round was led by Norrsken VC and IPGL, alongside a £100 million debt facility from Crédit Agricole CIB.

Additional backers in the equity round include Clearance Capital and early employees from Wise. Several well-known names returned as investors, including Lord Michael Spencer, founder of ICAP; Lord Stuart Rose, former Chairman of Asda and current Non-Executive Director; and Roland Rudd, founder and Chairman of FGS Global.

With this new injection of capital, Sunsave plans to expand its solar subscription business while introducing complementary services. These will include electric vehicle charging systems, heat pumps, and smart software tools designed to help customers optimise their energy tariffs and contribute to grid balancing.

Founded in 2022 by Alick Dru and Ben Graves, Sunsave set out to make rooftop solar accessible to households across the UK. Its flagship product, Sunsave Plus, removes the barrier of upfront installation costs and offers customers an all-in-one service that covers installation, monitoring, and maintenance.

The company has also secured £2.2 million in funding from the UK government through the Green Home Finance Accelerator programme. This support is earmarked for the research, development and rollout of Sunsave Plus.

Endorsements and accreditations have played a role in building trust with consumers. Sunsave has been named a Which? Trusted Trader and holds certifications from MCS, Flexi-Orb, EPVS, HIES, NAPIT and TrustMark.

Today, the business employs 40 people and, before this latest funding round, had raised over £22 million in equity investment.