No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home COUNTRY DACH

Berlin-based smalt raises €8 million to address the talent supply for the energy transition

EU Startupsby EU Startups
September 16, 2024
Reading Time: 2 mins read
in DACH, GREEN, REAL ESTATE
Share on FacebookShare on Twitter

Smalt, the talent-supply and labor productivity engine for the energy transition, has raised €8 million in a pre-emptive seed funding round to accelerate its growth in the tech-enabled commercial and residential solar sector, addressing critical labor supply challenges in the European climate tech sector. Since smalt launched its operations in September last year, it has already built 200+ PV systems including large commercial and multi-family buildings. The round was led by noa (formerly A/O) – Europe’s largest built world VC – and joined by existing investors General Catalyst, Owl Ventures, and Heartfelt (formerly APX).

Europe’s energy transition is held back by a fundamental problem: the broken system of talent supply needed to install and service climate tech products. Smalt is tackling this issue with its workforce development and service delivery platform, which increases labor supply and productivity at scale. At the same time, smalt is putting people to work that otherwise barely had the perspective to build a long-term life in Europe, thereby addressing major issues for Europe – including labor shortages, the immigration crisis, and labor productivity within the climate trades. 

Smalt customers include over a dozen of Germany’s leading energy, clean-tech installation and OEM companies such as Thermondo, Otovo and Enviria in residential and commercial projects. These customers place installation and servicing orders through smalt’s platform, which provides on-demand installation services to its partners across Germany. Smalt offers subcontracting services as well as full-service solutions including consultation, financing, and installation. 

Smalt has also launched its own, accredited academy in Berlin as well as 4 hubs throughout Germany, aiming to scale through a continent-wide network of franchised installation and servicing stores led by experienced leaders from its own workforce, local entrepreneurs, and experienced trades workers.

“Our franchise platform enables the European craft ecosystem to work more efficiently and thus strengthens European sovereignty in the renewable energy sector. The new financing will accelerate our growth in the commercial solar and maintenance segment,” commented Marius Westhoff, Co-Founder and Managing Director of Smalt.

Arjun Jairaj, Investor at noa, said: “The shortage of skilled workers is a key bottleneck in Europe’s energy transition. Smalt offers a holistic approach to tackling this problem by attracting fresh talent into the industry and expediting their entry to the jobsite by blending digital and on-site training, and combining this with a technology platform to ensure repeatable high-quality service delivery.”

“This funding round will accelerate our plans to expand into the commercial PV space, as well as regionally into the south of Germany and beyond. We are super excited to welcome the noa family to the cap table with its deep expertise in the built world, to complement our existing investors from the education and B2B software technology space,” added Khurram Masood, Co-Founder and Managing Director of smalt.

– Advertisement –

Read the orginal article: https://www.eu-startups.com/2024/09/berlin-based-smalt-raises-e8-million-to-address-the-talent-supply-for-the-energy-transition/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

GREEN

Danish real estate firm Thylander plans 100MW data center in Esbjerg

May 31, 2025
FRANCE

White & Case advises lenders on Casablanca water desalination plant financing

May 31, 2025
DACH

Finnish & Swiss-founded Hedera Dx raises €15M Series A to expand precision cancer diagnostics in Europe

May 30, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

Peratech closes $31.5 million round on the scale-up confidence of its tactile sensing and haptics products

AXONI SELLS POST-TRADE TECHNOLOGY BUSINESS TO LSEG

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart