Prague-based Woltair lights up with €16.3 million to help consumers install solar panels and heat pumps

Since gas prices across Europe are skyrocketing, consumers have inclined more towards renewable energy sources. Home owners are demanding more affordable energy and services for a sustainable lifestyle. However, heating is one of the most difficult challenges to solve. Consumers are finding it tough to choose the right product that will best suit their household and then connect with a professional technician with the capacity for installation and commissioning. 

This is where Prague-based climate tech startup Woltair steps in. The startup, previously called Topíte.cz, makes it easy for consumers to shift towards affordable energy solutions. Founded by Karel Náprstek, Jiri Sveda, and Daniel Helcl in 2018, the digital platform connects consumers, technicians, and supply chains to streamline the purchase and installation process. 

The Czech platform has now secured €16.3 million in funding to make inroads in Poland, Italy and Germany by the end of 2022. The Series A round was led by sustainability fund ArcTern Ventures and backed by Westly Group, Aternus, Kaya VC, Inven Capital, and Movens Capital.

According to the startup, the platform has served over 3,000 customers and is growing 4x year-on-year. Woltair claims to have saved more than 9,000 tonnes of Co2 emissions from the atmosphere. Besides solar panels and heat pumps, the platform can be adapted to include future energy solutions.

Jan Hanuš, CEO of Woltair, said: “Woltair wants to empower customers to choose sustainable energy and connect them with the technicians to serve their needs. The new funding will help us put renewable heat sources in more buildings across Europe.”

Kristin Aamodt, partner at ArcTern Ventures, added: “The demand for affordable and sustainable residential energy solutions, such as heat pumps and solar panels, is growing faster than ever before. But this nascent sector needs a transparent, digital partner to support customers on this journey. Woltair has created the right product for the right time. Its unique, two-sided model has helped to build trust for both customers and technicians.”