Volter funding news – London-based Volter has Raised €3 Million in Pre Seed Funding
Nov 28, 2024 | By Kailee Rainse
British startup Volter has raised €3 million in pre-seed funding to help real estate owners earn money from rooftop solar installations. The funds will improve its platform, grow its customer base, and expand into new European markets.
SUMMARY
- British startup Volter has raised €3 million in pre-seed funding to help real estate owners earn money from rooftop solar installations.
- Volter's platform helps property owners, managers, and installers easily set up, grow, and manage rooftop solar systems.
Investor of the round
The funding round was led by Transition, with support from Seedcamp, real estate investor Neptunia, and angel investors like Johannes Schildt (Kry) and climate tech founder Eamon Jubbawy.
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Volter’s software offers a complete solution for commercial and industrial property owners to set up, manage, and optimise solar energy systems. Key features include automated billing, real-time performance tracking, simplified installation proposals, and ESG reporting.
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Volter’s goal is to speed up renewable energy adoption in real estate by turning buildings into income-generating power sources.
Co-founder Luke Buhl-Nielsen explained: “C&I properties are merging with energy to become revenue-generating power plants – this is the creation of an entirely new asset class. Forward-thinking real estate owners are rapidly recognising the immense potential of integrating renewable energy sources – such as solar – into their buildings. However, there is a critical gap in the market: the lack of robust software solutions to help real estate owners effectively manage and monetise their renewable energy output. Volter fills this void and capitalises on the growing trend to incorporate solar production into C&I real estate, by empowering asset owners, managers and solar installers to seamlessly manage, optimise, and scale onsite renewables across diverse portfolios.”
Volter says the European solar market is growing quickly, with rooftop installations able to meet up to 25% of electricity needs. Their platform supports this growth by providing tools to help property owners and managers expand and manage solar systems across multiple locations.
Ari Helgason, Partner at Transition, commented: “At Transition, we’re committed to backing innovations that drive the decarbonisation of our economy. By allowing C&I real estate owners to offer clean energy options to their tenants Volter’s operating system will accelerate the adoption of renewable energy sources and help to create a more sustainable grid. Given that nearly 40% of global carbon dioxide emissions come from the real estate sector, this shift not only makes economic sense for landlords and tenants, but also plays a crucial role in building a more sustainable and resilient energy future for our planet.”
Seedcamp’s Tom Wilson added: “As electricity prices rise while solar hardware costs decline, rooftop solar has become an increasingly attractive investment for C&I property owners. The Volter platform will be pivotal in advancing sustainable energy infrastructure within the C&I sector by enabling real estate owners to efficiently scale their solar investments and optimise financial returns. We’re excited to support Volter as they meet the increasing demand for sophisticated software solutions in the growing asset class of onsite renewables.“
About Volter
Volter's platform helps property owners, managers, and installers easily set up, grow, and manage rooftop solar systems. It enables them to create and maximize new revenue from renewable energy.