Bees & Bears funding news – Berlin-based Bees & Bears Raises €500 Million in Funding

The funding will be used to install nearly 25,000 solar panels, heat pumps, energy storage systems, and home EV chargers. This follows a successful venture capital funding round last year.

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With help from the law firm Linklaters, the deal makes Bees & Bears the largest independent financing partner for solar systems and heat pumps in Germany.

Marius Schondelmaier, Co-founder and CEO of Bees & Bears said, “Previously, customers looking to finance their photovoltaic (PV) systems with credit were almost always limited to the major industry players, as they were the only ones offering flexible payment, Our solution changes the game by combining deferred payment options with the freedom to work with the contractor of your choice. This levels the playing field for small and medium-sized installers, putting them on equal footing with the industry giants.”

Jakob von Egidy is an experienced CFO in start-ups, passionate about tackling the climate crisis. Marius has a lot of experience scaling businesses from his time at Rocket Internet, where he launched a platform for contractor firms, and he also worked as a consultant in digital transformation in the energy sector.

Bees & Bears offers private customers payment plans for sustainable energy solutions installed by independent, mostly small and medium-sized contractors. The process is quick, with credit checks done in minutes, similar to car financing.

Jakob von Egidy, Co-founder and CEO of Bees & Bears said, "Bees & Bears also fills a critical gap for financing banks. Simple financing options for climate-friendly home retrofits are a key driver for the success of the energy transition, Traditional banks recognize the size of this market but face challenges with the relatively small loan amounts and customers’ desire for fast approval. We’ve made buying a home solar power system as easy as buying a car.”

The Bees & Bears process is easy for everyone involved. Contractors create a quote for installing a solar system, heat pump, energy storage, or EV charger. They then enter the financial details and the customer's information into an online form.

After a quick credit check, similar to those used on real estate websites, financing through installments is approved within minutes. Any government subsidies are also pre-financed and included once the approval is complete.

Jördis Heckt-Harbeck, financing expert at Linklaters said, “Injecting additional capital on this scale will add significant momentum to the renewable energy sector, Moreover, it enables financial institutions to shift toward more sustainable investment profiles. This commitment marks a major milestone in achieving a sustainably financed energy transition.”

About Bees & BearsAbout

Bees & Bears was founded in 2023 by Jakob von Egidy and Marius Schondelmaier. Their goal is to help fill the reported annual gap of over four trillion euros in sustainability investments needed to meet global climate targets. Bees & Bears believes that loan capital is the key to closing this gap.