Roofit.Solar raises 6.45 million euros to boost integrated solar roofs
Roofit.Solar successfully raises €6.45 million to boost integrated solar roofs
We’re excited to announce that Roofit.Solar raised €6.45 million in a financing round led by existing investors, BayWa r.e. Energy Ventures and Edgecap Partners.
“Roofit.Solar is on track to becoming one of the market’s leading players. With continued backing from our existing strong investor base, we continue our mission: to offer homeowners elegant metal solar roofs as an alternative to traditional solar panels. Furthermore, we strive to be the go-to choice for the traditional roofing industry looking to transition to solar,” says Andres Anijalg, CEO and co-founder of Roofit.Solar.
The Estonian-based company will use the new funds to boost the production capacity and expand distribution, meeting the rising demand for rooftop solar across Europe and beyond.
“Solar energy is one of the main pillars of the worldwide transition to green energy. The dedicated team at Roofit.Solar has proven that the combination of solar roof modules with practical software is not only efficient and profitable but also has the potential for exponential growth. This is why we are confident in extending our long-term partnership with Roofit.Solar,” says Greg Zavorotniy, Investment Director of BayWa r.e. Energy Ventures.[Renewable Energy Magazine, 2023]
Learn more about the fundraising round here: ?
PV - Roofit.Solar raises 6.45 million euros to boost integrated solar roofs - Renewable Energy Magazine, at the heart of clean energy journalism