HDM Solar – one of the UK’s fastest-growing wholesalers of renewable energy products – announced a major £10.2 million funding boost led by a multi-million-pound equity investment from Angel Invest in Berlin and supported by UK-based DF Capital.
The company will use the funding and working capital facility to accelerate the rollout of a nationwide network of branches, which will generate new jobs and provide local support to installers, businesses, and consumers in every corner of the country.
This funding is another major step in developing the company and its ambition to be the UK’s leading renewable energy equipment wholesaler. And the Hull-based business is at the forefront of championing affordable energy solutions and making it simpler for millions of homes and businesses to embark on a journey toward net zero.
HDM Solar plans to open sixty branches across the country, and the company is targeting five new sites to be operational by the end of the year.
KEY QUOTES:
“We are thrilled to have secured this funding from Angel Invest and working capital facility from DF Capital.”
– Daniel Rogers, Founder of HDM Solar
“We have carefully and strategically planned our UK wholesale network expansion. This funding will help us increase our number of branches so we can provide even better service and support to our customers across the country, it’s a really exciting and rewarding time for everyone at HDM Solar as we continue to offer a new proposition to the market.”
– Adam Firth, HDM Solar’s Managing Director
“Daniel, Adam and the team at HDM Solar have demonstrated an exemplary level of professionalism and growth planning. The HDM Solar business is growing quickly by offering best-in-class products and exceptional service. Our investment will help accelerate their expansion and plan to become a leading industry player.”
– John von Berenberg-Consbruch, Partner at Angel Invest
“We’re delighted to provide this facility to HDM Solar during this significant period of growth. Daniel and Adam have demonstrated tremendous industry knowledge and a robust, exciting plan for the future development of the business, which we are delighted to support.”
– Garry Frew, Chief Commercial Officer at DF Capital
