German startup Solarize Energy Solutions has picked up €4.3 million in seed funding. The investment round is led by new investor Point Nine (which backed Gourmey). Existing investors, including Picus Capital, have increased their previous investment
Expansion of meter-to cash SaaS platform
Solarize will use the funds to further develop its microgrid operating system. The company will use these funds to drive its expansion into international markets, with a focus on the Western markets and to grow its meter-to-cash SaaS platform.
The SaaS solution combined with smart metering allows billing as well as comprehensive plant monitoring. The collected data can be used to quickly take remedial action through error messages in the event of plant or meter failure.
“The time for solar energy is now. The costs have dropped massively and the advantages of generating solar energy locally are becoming more and more obvious every day. A lack of modern tools to easily manage, measure, bill, report and pay taxes on locally generated energy is one of the barriers to adoption for large commercial real estate owners. We see the Solarize team as extremely well-positioned to develop these tools and accelerate the adoption of locally generated solar energy in multi-tenant commercial settings,” said Pawel Chudzinski, Partner at Point Nine
“The ambition of the founding team and their vision to develop an operating system for decentralized energy markets already convinced us in its pre-seed phase. We are excited to continue to actively support Solarize in their next growth steps and internationalization. We see a clear path of development towards decentralized and sustainable energy production and Solarize is ideally positioned to become the leading software solution for this”, summarised Florian Reichert, Partner and Managing Director of Picus Capital.
“We are advancing decentralization in the energy sector on a daily basis and are working with our software solution to create a world in which onsite power generation becomes the new normal” said Frederik Pfisterer, founder and CEO of Solarize. He has previously helped to build one of the most successful SaaS companies with Mambu.com – one of Germany’s unicorns.
Electricity from microgrid operation system
Solarize was founded by Andi Weiß, Florian Feigenbutz, and Frederik Pfisterer in 2020. The vision of the three Solarize founders is to make a measurable contribution on the way towards fully adopting renewable energies. Therefore, the goal is to produce electricity locally in all commercial areas by 2030, supported by the microgrid operation system.
With Solarize’s services, real estate owners get involved in electricity production and transmission, at the same time upgrading their properties according to ESG criteria and realizing attractive returns.
With Solarize, locally produced electricity can be delivered directly to any number of tenants in business parks and is accounted for and billed in an audit-proof manner. Solarize is currently implementing more than 30 projects across Germany. Over the course of these implementations, the Solarize team has tripled in size during 2022.
The microgrid operating system makes the dream of many business owners come true by providing cheap energy from the roof, instead of expensive power from the grid.
