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Naked Energy secures £27m in a Series B funding round, with Great British Energy contributing £7.5m, to support a new UK manufacturing facility and create hundreds of jobs.

PRIVATEAug 06, 20263 days ago

Amount Raised

£8.88 Million

Round Type

Series B

LondonManufacturingEnergyRenewable EnergySolar

Investors

Barclays Climate VenturesGreat British Energy

Description

Naked Energy has announced its £27m Series B funding round, led by Great British Energy with a contribution of £7.5m. The investment will enable the establishment of an automated manufacturing facility for its Virtu solar-thermal technology. This initiative is expected to generate up to 40 skilled manufacturing jobs and around 100 indirect roles. The funding aims to reduce reliance on natural gas in commercial and industrial organisations.

Company Information

Company

Naked Energy

Location

London, England, United Kingdom

About

Naked Energy is a British solar heat and power scale-up known for their award-winning solar heat and power technology, Virtu solar collectors, with a modular design and the world’s highest energy density solar technology. They are well-established in the UK and Europe, and have manufacturing bases in the UK and Europe, with plans to start manufacturing in Dallas, Texas later this year.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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