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Inven Capital, BayWa r.e. Energy Ventures acquire minority stakes in Zolar

CEZ a.s.'s investment fund Inven Capital SICAV a.s. and BayWa AG's BayWa r.e. Energy Ventures Inc. acquired minority shares in German company Zolar GmbH.

Existing investors Heartcore Ventures, Statkraft Ventures GmbH and Partech Ventures also increased their shares in the latest investment round with a total volume of €10 million, according to a Sept. 9 news release.

Zolar provides digital solutions for rooftop photovoltaic installations and combined photovoltaic and battery systems.