Lisbon-based Bling Energy secures €15 million to accelerate the energy transition in Portugal

Bling Energy, a Portuguese startup focused on the energy transition, has secured an initial investment of €15 million from BlueCrow Capital. This funding will support the company in expanding its subscription service to an additional 3,000 residential customers. The partnership signals a new phase of growth for Bling, to make the energy transition more accessible and straightforward for Portuguese households.

Bling Energy offers an ‘as a service’ solar energy subscription model and has now signed a €15 million strategic partnership with BlueCrow Capital. The investment will allow the company to extend its service to over 3,000 new residential customers and further strengthen its position in a sector undergoing significant change. The planned expansion represents a total installation of 20 MW, comprising 11 MWp of solar and 9 MWh of storage.

Bernardo Fernandez, Founder and CEO of Bling Energy, said: “This partnership represents much more than capital. It reflects a path built with vision, discipline, and real impact. We will now scale up with ambition, maintaining our focus on an accessible, intelligent energy transition with no entry barriers for consumers.”

Through this agreement, Bling Energy aims to consolidate its strategy of steady growth, based on a straightforward and transparent approach that has gained the trust of users and partners. The involvement of BlueCrow is expected to enhance Bling’s capacity to meet the increasing demand for cost-effective and reliable solar energy solutions.

“We believe in Bling Energy’s model, team and transformative potential. This partnership is aligned with our purpose of supporting businesses with impact and long-term vision,” said António de Mello Campello, Partner at BlueCrow Capital.

The investment reflects a strong alignment of vision between both parties and a joint effort to expand access to renewable energy through practical and affordable solutions. With this new phase, Bling Energy continues its development and reinforces its role in supporting a more sustainable energy landscape in Portugal.

The post Lisbon-based Bling Energy secures €15 million to accelerate the energy transition in Portugal appeared first on EU-Startups.