Volter Secures $3.2 Million for Solar Software Innovation
On November 28, 2024, Volter, a groundbreaking operating system designed for commercial and industrial (C&I) rooftop solar applications, proudly announced that it has successfully obtained $3.2 million (£2.5 million) in pre-seed funding. This funding round was led by Transition, a prominent investment firm, and included participation from influential players such as Seedcamp and Neptunia, a leading real estate investor. The influx of capital will be strategically allocated towards enhancing Volter’s product offerings, broadening its customer base, and initiating operations within a new European market. This milestone underlines the rising significance of solar energy solutions in today’s economy, especially as the European solar sector has witnessed astonishing growth, boasting a 40% year-over-year increase in capacity during the years 2022 and 2023, with forecasts indicating a potential tripling in the near future.
Rooftop solar energy is increasingly becoming a vital element in fulfilling Europe’s electricity demand, with the capacity capable of meeting up to 25%.
Nevertheless, amid this rapid deployment of solar energy, there is a concerning lag in accompanying software solutions, leaving many real estate owners and managers struggling to profitably scale their solar investments. Addressing this critical gap, Volter provides a comprehensive end-to-end operating system that enables real estate owners, managers, and solar installers to effectively deploy, manage, and optimize solar portfolios across multiple locations. The platform features capabilities such as automated billing and invoicing, personalized insights and reporting, streamlined installation proposals, as well as real-time monitoring of operational performance and industry benchmarks. This robust suite of tools is aimed at maximizing revenue while accelerating asset deployment in the renewables sector.
Since the official launch of its platform in August 2024, Volter has succeeded in attracting several major clients within the property and real estate industry. Looking ahead, the company is intensifying its efforts on team expansion while setting ambitious growth targets for 2025. In the future, Volter aspires to broaden its scope into energy services, evolving into a comprehensive platform that will facilitate battery integration, energy usage optimization, renewable energy brokerage, and the development of virtual power plants. According to Luke Buhl-Nielsen, Co-founder of Volter, C&I properties are increasingly transforming into revenue-generating power plants through the adoption of renewable energy sources like solar. He emphasizes the pressing need for robust software solutions that enable real estate owners to effectively manage and monetize their renewable energy output. With the backing from investors like Transition and Seedcamp, Volter is positioned to usher in a new era of energy solutions that not only boosts sustainability but also enhances economic viability within the real estate sector.
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