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The SoftBank-backed solar power startup Enpal said that it has raised €430 million ($464 million) in debt funding to finance its leasing business.
DWS and Phoenix Life Limited joined existing investors BlackRock and ING in the refinancing round, according to the company.
BlackRock upped its commitment in this round by €100 million, and ING increased its own by an additional €150 million, it said.
The latest round adds to the €200 million in new funds that Enpal raised in January — and the €855 million in refinancing capital that it secured last year, bringing its total refinancing commitments to more than €1.9 billion.
The Berlin-based firm that installs solar panels, electric-car chargers and energy management and storage tools is trying to popularise residential solar leasing in Europe and attract investors to the relatively new asset class.