Business · Companies · 17 hrs ago
Dutch solar start-up Soly collapsed after a €200 million Ikea bid
Brothers Patrick and Milan van der Meulen built Soly, a Dutch company selling and renting solar panels and batteries.
They started the business from their kitchen table, inspired by the idea that solar energy could help address climate change.
Soly became a major energy start-up, with Shell and ABP involved.
Ikea made a €200 million takeover offer, but the company eventually collapsed.
The brothers say they made mistakes and took risks themselves.
They are now starting businesses again, though no further details are given.
Soly, a Dutch solar-panel and battery start-up, collapsed despite receiving a €200 million takeover bid from Ikea.
Brothers Patrick and Milan van der Meulen built the company from their kitchen table.
Soly became the largest start-up in the energy sector, with Shell and ABP on board.
The brothers said they had made mistakes and taken risks.
- Who
- Soly and its founders, brothers Patrick and Milan van der Meulen.
- What
- The solar-panel and battery company collapsed after receiving a €200 million takeover bid from Ikea.
- When
- Not stated
- Where
- The brothers are from Friesland, the Netherlands. The company’s location is not stated.
- Why
- The brothers said they had made mistakes and taken risks. The specific reasons for the collapse are not stated.
This story does not have two clearly opposing sides.
Patrick and Milan van der Meulen began building Soly.
The company became the largest start-up in the energy sector, with Shell and ABP on board.
Ikea made a €200 million takeover bid for Soly.
Soly collapsed.
- Founders
- Patrick and Milan van der Meulen
- Ikea bid
- €200 million
- Backers
- Shell and ABP
- Founders’ origin
- Friesland, the Netherlands
What people are saying
Doing nothing is more naive.