Umbrella Solar Investment, the parent company of which Turbo Energy is a part, has debuted on BME Growth with a market value of €118.5 million, according to Bolsas y Mercados Españoles.

The new funds raised will also enable the company to grow its self-consumption electricity business in the residential area, where the company, through Turbo Energy, is a pioneer in the design, production and sale of Plug&Play photovoltaic equipment specifically for installation in homes. A significant part of the resources will be allocated to hardware and software developments of Turbo Energy’s flagship product, the SunBox solar system, which has its own Artificial Intelligence system that improves performance and energy savings.

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