Solarnative Seeks Buyer to Avoid Insolvency
- German micro-inverter maker Solarnative GmbH seeks a buyer to secure liquidity and ensure the future of its groundbreaking technology. CEO Julian Mattheis remains optimistic about the market response.
German micro-inverter maker Solarnative GmbH is up for sale in order to avoid insolvency and secure liquidity for market expansion. The company, known for developing the smallest inverter in the world, is seeking a buyer or investor to ensure the continuity of its technology. Despite unsuccessful attempts to raise funds through equity measures, Solarnative has initiated discussions with potential buyers and is open to expanding the circle of interested parties.
Due to a price war in the market and overproduction, Solarnative experienced a decline in sales and revenue in the second quarter of 2024. As a result, the company has downsized production and laid off 35 employees. However, Solarnative still has a functioning factory with a capacity of 50,000 micro-inverters per month and is prepared for a global roll-out of its product, including the US market. CEO Julian Mattheis expressed optimism about the market response to their technology and expects strong demand once production resumes.
In March, Solarnative announced a partnership with Swiss solar products manufacturer Meyer Burger Technology AG to introduce a "Made in Germany" balcony power plant. Meyer Burger, facing challenges in the European market, has decided to shut down module production at its Freiberg site in Germany.
Why is Solarnative GmbH seeking a buyer or investor despite downsizing and partnership with Meyer Burger?
- Despite downsizing and partnership with Meyer Burger, Solarnative GmbH is seeking a buyer or investor to avoid insolvency and secure liquidity for market expansion.
- The company experienced a decline in sales and revenue in the second quarter of 2024 due to a price war in the market and overproduction.
- Solarnative has downsized production and laid off 35 employees, but still has a functioning factory with a capacity of 50,000 micro-inverters per month.
- CEO Julian Mattheis is optimistic about the market response to their technology and expects strong demand once production resumes.
- Solarnative announced a partnership with Meyer Burger to introduce a "Made in Germany" balcony power plant, but Meyer Burger has decided to shut down module production at its Freiberg site in Germany, leading Solarnative to seek a buyer or investor for financial stability.
