Last year, wind and solar energy exceeds Fossils to provide 30% of EU electricity. With this in the background, the startups of the solar space have led a generational change in the way we obtain our power. In 2022 we covered How a small European startup B2C plans to bring solar energy into houses via its “vertical solar panels” designed to be mounted on chic European balconies. However, this strategy has proven to be difficult and Marine is now pivoted in the B2B after a minority action acquired by the Chinese solar giant Genbyte Tech. The conditions of the agreement have not been disclosed.
The fellow on the stock market, with factories in China and annual income of more than $ 1.4 billion, concludes a strategic partnership with Wedosolar during its next iteration. The startup had previously counted New York Venture And Germany Leanox Impact Capital as donors at an early stage.
Genbyte Tech generally produces micro-influenses, energy storage systems and intelligent network solutions. It will now provide an infrastructure and technical expertise in Wedosolar to increase its operations and enter new markets.
The sailor was founded in 2021 by Karolina Atspodinaa serial entrepreneur of Ukrainian origin and Qian QinMaterial engineer, serial entrepreneur and former director general of BSH Digital Ventures GmbH.
The startup previously introduced compact solutions to people’s houses, which have been designed for self-installing, in a plug-and-play way.
“The decision to rotate a B2B model is a natural evolution for the company, because we have seen cheaper products, and not so safe, the products had started to flood the market. It has become impossible for customers to see and understand the difference, ”Karolina Atspodina, CEO and co-founder of Wedosolar, told Techcrunch. She is now leaving her role, but plans to remain involved in the company as an auditor and member of the board of directors.
In its place, Qin will assume the role of CEO of Wedosolar. Using Genbyte capacities, Wedosolar will now aim at resellers, property developers and commercial enterprises, offering solar panels that suit their projects.
“We needed to rotate a B2B model, but we needed a strong partner behind us, and that was the best solution. As founders, we will keep a majority participation, and there will be a new team built under Qin, ”added Attspodina.
As for her, she told Techcrunch: “I am now trying to enter the double -use / defense sector in the near future. But in the meantime, I help the other founders with fundraising and other projects. »»
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