Lisbon-based Bling Power secures €15 million to speed up the vitality transition in Portugal

Bling Power, a Portuguese startup targeted on the vitality transition, has secured an preliminary funding of €15 million from BlueCrow Capital. This funding will help the corporate in increasing its subscription service to an extra 3,000 residential clients. The partnership alerts a brand new section of development for Bling, to make the vitality transition extra accessible and easy for Portuguese households.

Bling Power presents an ‘as a service’ photo voltaic vitality subscription mannequin and has now signed a €15 million strategic partnership with BlueCrow Capital. The funding will permit the corporate to increase its service to over 3,000 new residential clients and additional strengthen its place in a sector present process important change. The deliberate enlargement represents a complete set up of 20 MW, comprising 11 MWp of photo voltaic and 9 MWh of storage.

Bernardo Fernandez, Founder and CEO of Bling Power, stated: “This partnership represents way more than capital. It displays a path constructed with imaginative and prescient, self-discipline, and actual impression. We are going to now scale up with ambition, sustaining our deal with an accessible, clever vitality transition with no entry obstacles for customers.”

Via this settlement, Bling Power goals to consolidate its technique of regular development, based mostly on a simple and clear method that has gained the belief of customers and companions. The involvement of BlueCrow is anticipated to boost Bling’s capability to fulfill the growing demand for cost-effective and dependable photo voltaic vitality options.

“We consider in Bling Power’s mannequin, staff and transformative potential. This partnership is aligned with our function of supporting companies with impression and long-term imaginative and prescient,” stated António de Mello Campello, Associate at BlueCrow Capital.

The funding displays a robust alignment of imaginative and prescient between each events and a joint effort to increase entry to renewable vitality by means of sensible and reasonably priced options. With this new section, Bling Power continues its growth and reinforces its position in supporting a extra sustainable vitality panorama in Portugal.