Strawberry Energy raised 100.000€ investment from Eleven!BY Zoja Kukic ON June 6
Strawberry energy, Serbian startup that has invented the first in the world public solar charger for mobile devices Strawberry Tree, is the first startup from Serbia to receive 100K investment from Bulgarian Accelerator Venture Fund Eleven.
They are the 8th team to enter Eleven portfolio, but the first one in Eleven 100 – their new programme for more developed companies.
Strawberry energy established the branch in Bulgaria, while simultaneously has been attending three months mentorship program in organization of Eleven accelerator.
Half of the investment was received immediately by the evaluation of 850.000€ and next 50.000€ will be received on a convertible note.
As Milos Milisavljevic, the founder, explains, they plan to use the investment for improving the product:
This investment will enable us faster growth and help us begin the process of new product development, as well as improve our solar charger, which will even better answer to the needs of people. We hope that we will this way successfully show the innovativeness of our region across Europe, and make the competitive product for the world market.
Seven different Serbian teams so far have been part of this accelerator and spent 3 months in Bulgarian capital, Sofia. Milos is hoping that their participation in it will also help them gain valuable new knowledge and feedback:
Apart from that, the value of this program lies in the rich mentorship program, connecting with influential people from fields relevant to our business and new investors, as well as in precious feedbacks about our business from people who have already raised businesses and led them to success.
Strawberry energy is startup from Serbia motivated to make renewable energy sources more accessible to all the people by developing, designing and implementing clean green technologies. Their public solar charger for mobile devices Strawberry Tree was recognized as the important element of the cities of the future by portal Mashable.
So far, 12 Strawberry Trees are installed in 9 cities in two European countries.