Roofit.Solar raises 6.45 million euros to boost integrated solar roofs

Estonian-based Roofit.Solar has successfully raised 6.45 million euros in a funding round led by existing investors BayWa r.e. Energy Ventures and EdgeCap Partners and is planning to use the funds to increase its production capacity to meet the growing demand for rooftop solar in Europe.
Roofit.Solar raises 6.45 million euros to boost integrated solar roofs
Courtesy of Roofit.Solar.

To date, Roofit.Solar has raised a total of 17 million euros in the various equity funding rounds and an additional 2 million euros in grant funding.

The new funding will allow Roofit.Solar to grow significantly in its home markets, Germany, Sweden, and Estonia, while expanding its distribution network Europe-wide. Additional funds will be used to train roofing partners, develop new products, improve the company’s proprietary roof planning software, and prepare for entry into new markets.

Roofit.Solar was founded in 2016 to provide a solution for homeowners who were looking for solar panels that do not alter the appearance of their homes. The company is aiming to become one of the leading providers of elegant solar roofing solutions for both private customers and the roofing industry while contributing to the development of a global sustainable energy network.

“Roofit.Solar is on track to becoming one of the market’s leading players” said Andres Anijalg, CEO and co-founder of Roofit.Solar. “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,”

Roofit.Solar experienced significant growth in 2022: The yearly revenue tripled, while solar module production almost doubled. In addition, the company's team size more than doubled in the past year.

“Solar energy is one of the main pillars of the worldwide transition to green energy” added Greg Zavorotniy, Investment Director at BayWa r.e. Energy Ventures. “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,”

For additional information:


Tags: Solar , Europe , Germany
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).