SunCity srl
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SunCity srl - overview
Established
2012
Location
Milan, -, Italy
Primary Industry
Renewable Energy
About
SunCity srl is a Milan-based company specializing in energy efficiency solutions, focusing on renewable energy systems for both commercial and residential clients. Founded in 2012, SunCity srl operates from Milan, Italy, providing energy efficiency solutions. The company has undergone acquisitions, specifically when SunCity Partner acquired SunCity srl in April 2019. Under the leadership of CEO Augusto Patacchiola and co-managers Luigi Stamerra, the company has successfully completed 2 deals and raised EUR 0.
850 mn through its latest funding round with investors including StartHope. In 2023, the company achieved remarkable financial results. SunCity Group specializes in energy efficiency solutions tailored for businesses and private individuals, with a strong emphasis on renewable energy. Their services encompass the installation and management of photovoltaic systems, revamping existing energy infrastructures, and offering energy management consultancy.
The company promotes a collaborative environment via the SunCitizen Community, which unites professionals, technicians, and clients to share effective energy solutions. SunCity caters to a varied clientele, including residential homeowners, commercial enterprises, and public entities across Europe, addressing energy-related challenges and promoting sustainability. In 2023, SunCity Group generated revenue amounting to EUR 25,763,121, with an EBITDA of EUR 599,200. Their revenue is derived from direct sales and partnerships, focusing on project-based engagements for energy systems installation and consultancy services.
The company utilizes various pricing models such as outright sales and operational leasing, ensuring a consistent revenue stream through long-term contracts for maintenance and management of energy installations. SunCity is focused on expanding its market reach and enhancing its product offerings. The company is currently designing new energy solutions aimed at addressing emerging market needs, set to launch by late 2024. They are also targeting expansion into additional European markets, with plans to establish a presence in Germany and France by 2025.
The recent funding of EUR 0. 850 mn will support these initiatives, particularly in product development and market entry strategies.
Primary Industry
Renewable Energy
Sub Industries
Solar Power
Website
www.suncityitalia.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
SunCity srl - timeline of key events
SunCity srl - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 15,382 | 259,540 | 151,579 | 705,524 | 1,365,836 | 1,512,323 | 1,041,054 | 4,085,911 | 9,927,036 | 14,405,908 | - | - | - |
| % Revenue Growth (YoY) | - | 1587.3% | (41.6%) | 365.4% | 93.6% | 10.7% | (31.2%) | 292.5% | 143.0% | 45.1% | - | - | - |
| EBITDA (USD) | (107,284) | (192,244) | (119,421) | (137,762) | 26,369 | 35,501 | (65,947) | 94,776 | 314,659 | 765,232 | - | - | - |
| Operating Income (USD) | (193,639) | (325,801) | (252,736) | (291,558) | (265,604) | (152,233) | (235,141) | (102,644) | 133,400 | 496,831 | - | - | - |
| Operating Margin | (1258.9%) | (125.5%) | (166.7%) | (41.3%) | (19.4%) | (10.1%) | (22.6%) | (2.5%) | 1.3% | 3.4% | - | - | - |
| % EBITDA Margin | (697.5%) | (74.1%) | (78.8%) | (19.5%) | 1.9% | 2.3% | (6.3%) | 2.3% | 3.2% | 5.3% | - | - | - |
| NET Income (USD) | (193,650) | (328,680) | (229,195) | (242,352) | (262,183) | (181,791) | (256,257) | (112,733) | 36,166 | 326,837 | - | - | - |
| % Net Margin | (1258.9%) | (126.6%) | (151.2%) | (34.4%) | (19.2%) | (12.0%) | (24.6%) | (2.8%) | 0.4% | 2.3% | - | - | - |
SunCity srl - employee data
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