UK-Based Solar Subscription Platform Sunsave Raises £113 Million

Founded by Alick Dru(CEO) and Ben Graves(COO), Sunsave announced funding of £113 million including a £100 million facility from one of Europe's largest banks, Crédit Agricole, and £13 million in Series A equity funding, led by Norrsken VC and IPGL. Returning investors included ICAP founder Lord Michael Spencer, former Asda chairman Lord Stuart Rose, and FGS Global founder Roland Rudd, and new investors like Clearance Capital, as well as early employees from Wise, also participated.

Sunsave has grown over 32% month-on-month since launching Sunsave Plus in January 2024. Households using the service save over £685 annually on energy bills, with most saving more than the subscription cost. Ranked the 14th fastest-growing startup in the UK & Ireland by Sifted, Sunsave was also among the youngest companies on the list. Sunsave Plus offers a fixed monthly payment for 20 years, eliminating upfront costs and shielding customers from future energy price hikes—delivering immediate net savings.

Sunsave is developing an integrated system combining software, hardware, and financing to reduce household energy bills and boost energy independence. The offering will soon expand beyond solar to include EV chargers, heat pumps, and other complementary services, helping customers maximise savings by optimising tariffs and energy usage.