Buildings are Europe’s biggest energy problem and this startup just raised €5 million to fix it. Reshape Energy, a Munich-based company is on a mission to help property owners slash energy costs, boost property values, and meet sustainability goals with its all-in-one energy optimisation platform.
Backed by investors like Vireo Ventures, PostScriptum Ventures, and industry insiders, Reshape Energy is tackling a multi-billion-euro opportunity as skyrocketing energy prices and strict EU regulations put pressure on building owners. Its “Energy as a Service” model simplifies everything: from assessment and financing to implementation and ongoing optimisation.
With this investment, Reshape Energy aims to strengthen its presence in the German market by acquiring businesses that complement its existing energy services. The company has already integrated an energy consulting firm and a solar planning, installation, and maintenance business. These acquisitions are intended to streamline operations and broaden service offerings, making improving energy efficiency easier for property owners.
Who’s behind this?
The founding team includes Alan Clifford, Andrew Goodwin, Andrew Mack, Gerard Reid, Benjamin Stanzl, and Markus Wiendieck. The powerhouse team behind Reshape Energy previously built Octopus Energy Germany, part of the UK’s largest energy retailer and scaled Verivox, one of Germany’s biggest energy price comparison platforms. Now, they’re taking on Europe’s fragmented energy services industry to create a category-defining solution for commercial buildings.
Future growth and European expansion
Currently focused on the German market, Reshape Energy has ambitions to expand across Europe. With the growing need for efficient energy solutions, the company sees significant potential in markets beyond Germany. By refining its platform and scaling its operations, the company is preparing to serve a broader customer base across the continent.
“Today’s building energy services market is fragmented and inefficient. Property owners are forced to deal with a patchwork of providers, manual processes, and limited access to financing – making energy optimisation complex and costly. Our strategy is centered on acquiring and integrating businesses across the building energy services value chain to offer a one-stop-shop solution to our customers,” said Andrew Mack, CEO of Reshape Energy. “By equipping these businesses with state of the art digitalisation tools, streamlined processes, access to capital, and strategic direction, we are creating a new category of energy services company that can deliver unparalleled value to property owners.”
“Reshape Energy has adopted an innovative approach to providing building energy services, and we are excited to support the company’s continued growth,” said Mischa Wetzel, Partner at Vireo Ventures. “Their deep industry expertise and commitment to sustainability align perfectly with our investment strategy. We look forward to seeing the company achieve its ambitious goals and make a significant contribution to the energy transition.”
