Co-Founder, Joe Michaels, commented, "With electricity prices rising, demand for solar panels, batteries and EV charge points are at all-time highs. This is driving very rapid growth within Joju, for which increased working capital is required to meet the greater number of monthly installations. The funding from SME Capital helps us deliver ever-increasing volumes of low carbon technologies to our customers”
SME Capital Co-Head of Origination, Kenny Hughes, said, "Joju has established a strong market position and is very well placed to build on its expertise in design and installation of bespoke solutions in the drive to green and low carbon energy. Management are passionate about playing a real part in tackling climate change and SME Capital are delighted to support the growth plans with a flexible funding package. “
Rick Sealy, Katrina Groark and Rebecca Lakhani of Gateley Legal provided legal advice to SME Capital.
If you would like to discuss refinancing and growth capital funding in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
