Sunsave Raises £113M to Scale Solar Subscription Services Across the UK

Sunsave, a UK-based solar subscription services provider, has secured £113 million (approximately $151 million) in an oversubscribed funding round. The breakdown includes a £100 million debt facility from Crédit Agricole CIB and £13 million in Series A equity, co-led by Norrsken VC and IPGL.

This financing will enable Sunsave to expand its flagship service, Sunsave Plus, across England and Wales. The program delivers solar-plus-battery systems with no upfront cost. Homeowners pay a stable monthly subscription and benefit from both the electricity generated and any excess energy fed back into the grid.

New equity investors in this round include Clearance Capital and early employees from Wise. Notable returning investors are Lord Michael Spencer (founder of ICAP), Lord Stuart Rose (former Asda chairman), and Roland Rudd (founder of FGS Global).

“This £113 million fundraise is a significant milestone in our journey—it will let us meet rapidly growing demand, launch new products, and give customers peace of mind that we’ll be here to support them for the long term,” said Alick Dru, CEO of Sunsave.