Enpal valuation, funding and investors
Enpal works in solar energy solutions, based in Berlin, Germany. Founded in 2017, it has about 3,750 employees.
- Last round
- Growth · $120M · Apr 2025
- Valuation at last round
- $1.22B · implied
- Headcount
- 3,750 · flat
- Grade
- C
- Founded
- 2017
Enpal valuation today
VCMC values Enpal at $1.3B today, with a range of $579M to $2.0B and a grade of C. The valuation starts from its last funding round, a growth round in Apr 2025.
Valuation by date (122 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $4.40M | $1.60M – $12.1M | $6.03M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $4.52M | $1.64M – $12.4M | $6.19M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $4.63M | $1.68M – $12.7M | $6.34M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $4.75M | $1.73M – $13.1M | $6.52M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $4.88M | $1.78M – $13.4M | $6.69M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $5.01M | $1.82M – $13.8M | $6.87M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $5.14M | $1.87M – $14.1M | $7.05M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $5.28M | $1.92M – $14.5M | $7.24M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $5.42M | $1.97M – $14.9M | $7.44M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $5.57M | $2.03M – $15.3M | $7.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $5.72M | $2.08M – $15.7M | $7.84M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $5.87M | $2.14M – $16.1M | $8.04M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $6.03M | $2.19M – $16.6M | $8.26M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $6.19M | $2.25M – $17.0M | $8.49M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $6.34M | $2.31M – $17.4M | $8.70M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $6.52M | $2.37M – $17.9M | $8.93M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $6.69M | $2.43M – $18.4M | $9.17M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $6.87M | $2.50M – $18.9M | $9.42M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $7.05M | $2.57M – $19.4M | $9.66M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $7.24M | $2.64M – $19.9M | $9.76M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $7.44M | $2.71M – $20.4M | $9.85M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $7.63M | $2.78M – $21.0M | $9.94M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $7.84M | $2.85M – $21.5M | $10.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $8.04M | $2.93M – $22.1M | $10.1M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $8.26M | $3.01M – $22.7M | $10.2M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $8.49M | $3.09M – $23.3M | $10.3M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $8.70M | $3.17M – $23.9M | $10.4M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $8.93M | $3.25M – $24.5M | $10.5M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $9.17M | $3.34M – $25.2M | $10.6M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $9.42M | $3.43M – $25.9M | $10.7M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $9.66M | $3.52M – $26.5M | $10.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $9.76M | $3.55M – $26.8M | $10.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $9.85M | $3.59M – $27.1M | $11.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $9.94M | $3.62M – $27.3M | $11.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $10.0M | $3.65M – $27.5M | $11.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $10.1M | $3.68M – $27.8M | $11.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $10.2M | $3.72M – $28.1M | $11.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $10.3M | $3.75M – $28.3M | $11.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $10.4M | $3.78M – $28.6M | $11.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $10.5M | $3.82M – $28.8M | $11.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $10.6M | $3.85M – $29.1M | $11.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $10.7M | $3.89M – $29.3M | $11.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $10.8M | $3.92M – $29.6M | $12.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $10.9M | $3.96M – $29.9M | $12.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $11.0M | $3.99M – $30.1M | $12.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $11.1M | $4.03M – $30.4M | $12.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $11.2M | $4.07M – $30.7M | $12.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $11.3M | $4.10M – $31.0M | $12.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $11.4M | $4.14M – $31.2M | $12.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $11.5M | $4.18M – $31.5M | $12.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $11.6M | $4.21M – $31.8M | $12.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $11.7M | $4.25M – $32.1M | $12.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $11.8M | $4.29M – $32.4M | $13.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $11.9M | $4.33M – $32.7M | $13.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $12.0M | $4.37M – $33.0M | $13.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $12.1M | $4.41M – $33.3M | $13.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $12.2M | $4.45M – $33.6M | $13.4M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $12.3M | $4.49M – $33.9M | $13.5M (+10%) | before first round | – | unknown | D | 0% |
| 21 Oct 2021 | $1.1B | $956M – $1.6B | $1.4B (+30%) | after a round | – | unknown | A | 0% |
| 1 Nov 2021 | $1.1B | $956M – $1.6B | $1.4B (+29%) | after a round | – | unknown | A | 0% |
| 1 Dec 2021 | $1.1B | $956M – $1.6B | $1.4B (+26%) | after a round | – | unknown | A | 0% |
| 1 Jan 2022 | $1.2B | $956M – $1.6B | $1.4B (+23%) | after a round | – | unknown | A | 0% |
| 1 Feb 2022 | $1.2B | $956M – $1.6B | $1.4B (+21%) | after a round | – | unknown | A | 0% |
| 1 Mar 2022 | $1.2B | $956M – $1.6B | $1.4B (+18%) | after a round | – | unknown | A | 0% |
| 1 Apr 2022 | $1.2B | $956M – $1.6B | $1.4B (+16%) | after a round | – | unknown | A | 0% |
| 1 May 2022 | $1.3B | $956M – $1.6B | $1.4B (+13%) | after a round | – | unknown | A | 0% |
| 1 Jun 2022 | $1.3B | $956M – $1.6B | $1.4B (+11%) | after a round | – | unknown | A | 0% |
| 1 Jul 2022 | $1.3B | $956M – $1.6B | $1.4B (+8%) | after a round | – | unknown | A | 0% |
| 1 Aug 2022 | $1.3B | $956M – $1.6B | $1.4B (+6%) | after a round | – | unknown | A | 0% |
| 1 Sep 2022 | $1.4B | $956M – $1.6B | $1.4B (+4%) | after a round | – | unknown | A | 0% |
| 1 Oct 2022 | $1.4B | $956M – $1.6B | $1.4B (+1%) | after a round | – | unknown | A | 0% |
| 1 Nov 2022 | $1.4B | $940M – $1.6B | $1.4B (0%) | after a round | – | unknown | A | 0% |
| 1 Dec 2022 | $1.4B | $898M – $1.6B | $1.4B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2023 | $1.4B | $858M – $1.6B | $1.4B (0%) | after a round | – | unknown | B | 0% |
| 10 Jan 2023 | $2.4B | $2.0B – $3.5B | $3.1B (+30%) | after a round | – | unknown | A | 0% |
| 1 Feb 2023 | $2.4B | $2.0B – $3.5B | $3.1B (+28%) | after a round | – | unknown | A | 0% |
| 1 Mar 2023 | $2.4B | $2.0B – $3.5B | $3.1B (+25%) | after a round | – | unknown | A | 0% |
| 1 Apr 2023 | $2.5B | $2.0B – $3.5B | $3.1B (+23%) | after a round | – | unknown | A | 0% |
| 1 May 2023 | $2.5B | $2.0B – $3.5B | $3.1B (+20%) | after a round | – | unknown | A | 0% |
| 1 Jun 2023 | $2.6B | $2.0B – $3.5B | $3.1B (+17%) | after a round | – | unknown | A | 0% |
| 1 Jul 2023 | $2.7B | $2.0B – $3.5B | $3.1B (+15%) | after a round | – | unknown | A | 0% |
| 1 Aug 2023 | $2.7B | $2.0B – $3.5B | $3.1B (+12%) | after a round | – | unknown | A | 0% |
| 1 Sep 2023 | $2.8B | $2.0B – $3.5B | $3.1B (+10%) | after a round | – | unknown | A | 0% |
| 1 Oct 2023 | $2.8B | $2.0B – $3.5B | $3.1B (+7%) | after a round | – | unknown | A | 0% |
| 1 Nov 2023 | $2.9B | $2.0B – $3.5B | $3.1B (+5%) | after a round | – | unknown | A | 0% |
| 1 Dec 2023 | $3.0B | $2.0B – $3.5B | $3.1B (+3%) | after a round | – | unknown | A | 0% |
| 1 Jan 2024 | $3.0B | $2.0B – $3.5B | $3.1B (+1%) | after a round | – | unknown | A | 0% |
| 1 Feb 2024 | $3.1B | $2.0B – $3.5B | $3.1B (0%) | after a round | – | unknown | A | 0% |
| 1 Mar 2024 | $3.1B | $1.9B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Apr 2024 | $3.1B | $1.8B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 May 2024 | $3.1B | $1.7B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Jun 2024 | $3.1B | $1.6B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Jul 2024 | $3.1B | $1.6B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Aug 2024 | $3.1B | $1.5B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Sep 2024 | $3.1B | $1.4B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Oct 2024 | $3.1B | $1.4B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2024 | $3.1B | $1.3B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2024 | $3.1B | $1.3B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2025 | $3.1B | $1.2B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Feb 2025 | $3.1B | $1.1B – $3.5B | $3.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Mar 2025 | $3.1B | $1.0B – $3.5B | $3.1B (0%) | after a round | – | unknown | C | 0% |
| 1 Apr 2025 | $3.1B | $979M – $3.5B | $3.1B (0%) | after a round | – | unknown | C | 0% |
| 8 Apr 2025 | $1.2B | $804M – $2.0B | $1.3B (+10%) | after a round | – | unknown | B | 0% |
| 1 May 2025 | $1.2B | $804M – $2.0B | $1.3B (+9%) | after a round | – | unknown | B | 0% |
| 1 Jun 2025 | $1.2B | $804M – $2.0B | $1.3B (+8%) | after a round | – | unknown | B | 0% |
| 1 Jul 2025 | $1.3B | $804M – $2.0B | $1.3B (+8%) | after a round | – | unknown | B | 0% |
| 1 Aug 2025 | $1.3B | $804M – $2.0B | $1.3B (+7%) | after a round | – | unknown | B | 0% |
| 1 Sep 2025 | $1.3B | $804M – $2.0B | $1.3B (+6%) | after a round | – | unknown | B | 0% |
| 1 Oct 2025 | $1.3B | $804M – $2.0B | $1.3B (+5%) | after a round | – | unknown | B | 0% |
| 1 Nov 2025 | $1.3B | $804M – $2.0B | $1.3B (+4%) | after a round | – | unknown | B | 0% |
| 1 Dec 2025 | $1.3B | $804M – $2.0B | $1.3B (+3%) | after a round | – | unknown | B | 0% |
| 1 Jan 2026 | $1.3B | $804M – $2.0B | $1.3B (+3%) | after a round | – | unknown | B | 0% |
| 1 Feb 2026 | $1.3B | $804M – $2.0B | $1.3B (+2%) | after a round | – | unknown | B | 0% |
| 1 Mar 2026 | $1.3B | $804M – $2.0B | $1.3B (+1%) | after a round | – | unknown | B | 0% |
| 1 Apr 2026 | $1.3B | $804M – $2.0B | $1.3B (0%) | after a round | – | unknown | B | 0% |
| 1 May 2026 | $1.3B | $773M – $2.0B | $1.3B (0%) | after a round | 3,665 | unknown | B | 0% |
| 1 Jun 2026 | $1.3B | $735M – $2.0B | $1.3B (0%) | after a round | 3,665 | unknown | B | 0% |
| 1 Jul 2026 | $1.3B | $699M – $2.0B | $1.3B (0%) | after a round | 3,759 | flat | B | 0% |
| 1 Aug 2026 | $1.3B | $665M – $2.0B | $1.3B (0%) | after a round | 3,759 | flat | B | 0% |
| 1 Sep 2026 | $1.3B | $632M – $2.0B | $1.3B (0%) | after a round | 3,759 | flat | B | 0% |
| 1 Oct 2026 | $1.3B | $601M – $2.0B | $1.3B (0%) | after a round | 3,750 | flat | C | 0% |
| 24 Oct 2026 | $1.3B | $579M – $2.0B | $1.3B (0%) | after a round | 3,750 | flat | C | 0% |
Key facts about Enpal
- Founded
- 2017
- Headquarters
- Berlin, Germany
- Employees
- about 3,750
- Total raised
- $2.58B
- Funding rounds
- 6
- Last round
- Growth Equity Apr 2025
Enpal was founded in 2017 by Jochen Ziervogel and Viktor Wingert.
Enpal funding history
Enpal has 6 funding rounds on record, from Sep 2021 to Apr 2025, $2.58B in total. The latest disclosed valuation is $2.35B post-money (Series D, Jan 2023).
Growth Equity 7 Apr 2025
Led by TPG; with The Westly Group, Ontario Power Generation Pension Fund (OPG), leading European insurance group.
Sources: corporate.enpal.com, whu.edu, climbventures.com and 1 more
$120M
Debt 20 Mar 2024no round page
With Barclays Europe, Bank of America, Credit Agricole CIB.
Sources: techfundingnews.com, corporate.enpal.com
$1.19B
Debt 9 Jun 2023no round page
With DWS, Phoenix Group, ING Germany, BlackRock.
Sources: deutsche-startups.de, corporate.enpal.com
$460M
Series D 9 Jan 2023
Led by TPG; with The Westly Group, Activate Capital, HV Capital, SoftBank Vision Fund, Princeville Climate Tech.
Sources: corporate.enpal.com, pv-tech.org, summiteer.com and 4 more
$230M
$2.35B post-money
$174M
$1.10B post-money
Debt 21 Sep 2021no round page
With BlackRock, Pricoa Private Capital, UniCredit.
Sources: corporate.enpal.com, picuscap.com
$404M
Enpal investors
17 investors have backed Enpal; SoftBank Vision Fund and TPG led at least one round.
- SoftBank Vision Fund lead, 2 rounds
- TPG lead, 2 rounds
- BlackRock 2 rounds
- Bank of America
- Barclays Europe
- Credit Agricole CIB
- DWS
- HV Capital
- ING Germany
- leading European insurance group
- Ontario Power Generation Pension Fund (OPG)
- Phoenix Group
- Pricoa Private Capital
- Princeville Climate Tech
- UniCredit
What Enpal does
Enpal works in solar energy company, with 15 recorded offerings and customers in renewable energy.
Enpal B.V. is a German company engaged in solar energy solutions, including photovoltaic systems, heat pumps, battery storage, wallboxes, and smart energy management systems. The company serves households and businesses across Europe, with a focus on sustainability and certified products. Enpal also operates as a provider of professional installation services and maintains a global presence through a network of local teams and partners.
Description from Veridion's company data.
Products and services
- Solar Energy Solutions
- Photovoltaic System Design and Installation
- Heat Pump System Design and Installation
- Battery Storage System Design and Installation
- Electric Vehicle Charging Station Installation
- Smart Energy Management System Integration
- Energy Efficiency Consulting Services
- Renewable Energy Consulting Services
- Energy Cost Reduction Solutions
- Energy Independence Solutions
- Sustainable Energy Product Development
- Energy Storage System Installation
- Electric Vehicle Charging Infrastructure Installation
- Smart Energy Management System Development
- Renewable Energy Research and Development
Markets
- Renewable Energy
Technology
- Photovoltaic Systems
- Heat Pumps
- Battery Storage
- Wallboxes
- Smart Energy Management Systems
Certifications
- VDE certified
- TÜV certified
Business model
- Business-to-Consumer
- Service Provider
- Retail
Industry codes (NAICS)
- 449210 Electronics and Appliance Retailers 50% match
- 238210 Electrical Contractors and Other Wiring Installation Contractors 30% match
- 541690 Other Scientific and Technical Consulting Services 20% match
Questions about Enpal
What is Enpal worth?
Valuation $1.3B (range $579M to $2.0B), as of 24 Oct 2026. The last disclosed valuation was $2.35B (Series D, Jan 2023).
Has Enpal raised money?
Enpal has 6 funding rounds on record, from Sep 2021 to Apr 2025, $2.58B in total. The latest disclosed valuation is $2.35B post-money (Series D, Jan 2023).
Who has invested in Enpal?
SoftBank Vision Fund, TPG, BlackRock, The Westly Group, Activate Capital and Bank of America, and 11 more. Lead investors include SoftBank Vision Fund and TPG.
How many people work at Enpal?
About 3,750. Headcount held at about 3,750 from Apr 2026 to Sep 2026.
What does Enpal do?
Enpal works in solar energy company, with 15 recorded offerings and customers in renewable energy. Its main offerings are solar energy solutions, photovoltaic system design and installation and heat pump system design and installation.
When was Enpal founded, and where is it based?
Enpal was founded in 2017 and is based in Berlin, Germany. It has about 3,750 employees.