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The people who built Germany’s companies · November 2026

Residential solar, batteries and heat pumps (energy-as-a-service)

Enpal

Enpal rented rooftop solar to homeowners on a lease so there was no big upfront cheque, and trained its own installers to keep quality under control.

Mario Kohle was born in 1984 in the GDR and grew up in Strausberg, a town east of Berlin. His grandfather, Horst Kohle, had played for the East German national football team. Few people who see Kohle in a boardroom think of that.

The family name carried one kind of fame. Kohle chose another. He studied business administration at WHU, the Otto Beisheim School of Management, finishing in 2008. As a student he became fascinated by e-commerce. In 2008, with Robin Behlau, he started Käuferportal, a platform that connected homeowners with local tradespeople for building and renovation jobs. It was later renamed Aroundhome. A student became a chief executive before most of his classmates had settled into their first jobs.

A software founder walking into solar roofs, a business of cables, steel and installers.

In 2016 he sold it to ProSiebenSat.1 and General Atlantic, reportedly for €100M. Most founders would have taken a long holiday. Kohle was thinking about something else. He has described a Greta Thunberg moment in 2015, when climate change stopped being an abstract topic for him.

What almost nobody expected was the next move. A software founder walking into solar roofs, a business of cables, steel and installers. With Viktor Wingert and Jochen Ziervogel he founded Enpal in 2017, selling rooftop systems to homeowners on a lease instead of a large purchase. The industry doubted that a startup could do the hard physical part. Early backers such as Lukasz Gadowski and Alexander Samwer bet that it could.

Quality was the weak point. A solar company lives or dies on installation. So in 2021 Enpal opened its own training centre for installers and electricians, a costly choice, and it worked. Revenue went from €56M in 2020 to €115M in 2021 and almost €415M in 2022, the first profitable year. By the end of 2023 the company had put about 60,000 systems on German roofs, and staff numbers had climbed from 324 in 2020 to some 2,500 two years later. SoftBank and Leonardo DiCaprio's fund joined the investor list, and the company passed one billion euros of revenue in 2025.

Kohle has said he does not chase valuations, and the record bears him out. He built a trade school before he built a brand. For first-time founders, there is a tidy lesson: the unglamorous layer under the idea, the people who actually do the work, is often where the moat sits.

The Chronology year by year

  1. 2017
    • founded in Berlin
  2. 2020
    • revenue €56M
  3. 2021
    • €115M revenue, unicorn
  4. 2022
    • about €415M revenue, first profit
  5. 2023
    • about €900M
    • 60,000 solar systems installed
  6. 2025
    • revenue above €1bn

The Money Trail how it was funded

  1. 2017-2018 early backing from Lukasz Gadowski and Alexander Samwer
  2. 2021 round at over €1bn valuation (SoftBank, Leonardo DiCaprio's fund)
  3. 2022 financing up to €700M
  4. Oct 2025 debt financing reported at $814M

Principal backers: SoftBank, Lukasz Gadowski, Alexander Samwer, Leonardo DiCaprio

The Close Calls what nearly broke it

  • 2017-2018: industry doubted the shift from software to hardware leasing
  • 2020-2022: finding enough qualified installers, addressed by in-house training centre (from 2021)
  • 2022-2023: German subsidy and interest-rate swings

In Their Own Words from the record

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