ENVIRIA Funding, Investors & Competitors

ENVIRIA has raised $224M across 2 funding rounds, most recently a $200M Series B in February 2024.

Last ENVIRIA funding round

$200M

Series B · Feb 2024

Cumulative funding ENVIRIA raised

$224M

across 2 funding rounds

Key investors in ENVIRIA

  • BlackRock
  • redalpine
  • BNP Paribas Développement
  • Alter Equity 3P
  • Galileo Green Energy

ENVIRIA Overview

About ENVIRIA

ENVIRIA is a Germany-based company facilitating solar energy adoption for commercial properties like office buildings, factories, and warehouses. Established in 2017, it manages financing, planning, installation, operation of photovoltaic systems, charging stations, and energy storage, with options for purchase, rental, or rooftop leasing for green electricity sales. Employing over 250 staff, it has completed more than 500 projects at enviria.energy.


Founded

2017

HQ

GermanyFrankfurt

Status

Privately held

Customer focus

B2B

Revenue model

Services

ENVIRIA Funding History

ENVIRIA has raised a total of $224M across 2 funding rounds.

ENVIRIA's first fundraising round was a $24M Series A in June 2022. The most recent completed round was a $200M Series B in February 2024.

ENVIRIA funding rounds

ENVIRIA funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2024Series BBlackRock (lead)$200MENVIRIA is a Frankfurt-based German company specializing in commercial and industrial (C&I) decentralized energy solutions, particularly rooftop solar photovoltaic (PV) systems. It operates a full-chain business model covering development, installation, maintenance, and operation of solar projects, targeting businesses to unlock untapped potential in the C&I sector where companies consume about 70% of Germany's electricity but only 10% of suitable roofs have solar systems. On February 29, 2024, ENVIRIA secured over $200 million (€185 million) in equity investment from BlackRock's Global Renewable Power IV (GRP IV) fund, described as a Series B round and the fund's second deal after Recurrent Energy. This capital, provided by BlackRock's climate infrastructure business, supports expansion of its existing 500 C&I solar projects across Germany. Previous backers include Galileo Green Energy, Redalpine, Alter Equity, and BNP Paribas Développement. The transaction was subject to regulatory approvals. Enviria has a development pipeline of around 2,000 C&I projects totaling more than 2.3GW, with plans to realize 1.7GW by 2029. BlackRock highlighted Enviria's scalable innovation as a full-service PV provider, aligning with energy transition trends. CEO Melchior Schulze Brock emphasized BlackRock's financial resources and global expertise in renewables, particularly from Asia and America, to scale the C&I solar market in Germany. Law firms Linklaters advised BlackRock, while White & Case advised ENVIRIA on the deal. The investment positions Enviria to rapidly deploy larger-scale renewable capacity on commercial roofs compared to residential projects, tapping into several hundred GW of potential in Germany.
Jun 2022Series AGalileo Green Energy (lead); redalpine (lead); BNP Paribas Développement; Alter Equity 3P$24MENVIRIA is a solar energy start-up focused on helping businesses adopt solar solutions. On 23 June 2022, it closed a Series A funding round totaling €22.5 million, co-led by Galileo Green Energy and redalpine, with participation from BNP Paribas Développement and Alter Equity.

Who has invested in ENVIRIA?

5 investors have backed ENVIRIA across its funding rounds, including BlackRock, redalpine, BNP Paribas Développement, Alter Equity 3P and Galileo Green Energy.

Lead investors include BlackRock, Galileo Green Energy and redalpine.


ENVIRIA Investors

Investors in ENVIRIA by funding rounds participated
InvestorHQRoundsRoleFirst check
redalpineSwitzerlandZurich1LeadJun 2022
BNP Paribas DéveloppementFranceParis1ParticipantJun 2022
BlackRockUnited StatesUnited States1LeadFeb 2024

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ENVIRIA Competitors

ENVIRIA competitors include listed companies like GE Vernova, Enbridge, Williams Companies and Enterprise Products, and private ones like Base Power and Lancium Technologies.

Public and private companies comparable to ENVIRIA
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GE VernovaUnited StatesUnited StatesPublicly listed$38B$3.2B$246B5.4x
EnbridgeCanadaCanadaPublicly listed$47B$15B$109B3.6x
Williams CompaniesUnited StatesUnited StatesPublicly listed$12B$7.4B$88B9.8x
Enterprise ProductsUnited StatesUnited StatesPublicly listed$53B$9.6B$83B1.9x
Base PowerUnited StatesAustin, TXPrivate--$13B-
Lancium TechnologiesUnited StatesHouston, TXPrivate--$10B-

ENVIRIA Public Comps

ENVIRIA is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Iberdrola, Siemens Energy, Enbridge, China Yangtze Power, Constellation Energy, Quanta Services, Williams Companies and Enterprise Products.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Reliance Industries$110B$20B1.9x1.7x10.4x10.3x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Siemens Energy$45B$4.5B2.7x2.4x27.3x16.1x
Enbridge$47B$15B4.2x3.6x13.3x13.3x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Quanta Services$28B$2.5B3.5x2.7x38.8x26.3x

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Common questions about ENVIRIA

When was ENVIRIA founded?ENVIRIA was founded in 2017.
Where is ENVIRIA headquartered?ENVIRIA is headquartered in Frankfurt, Germany.
Is ENVIRIA publicly listed?No, ENVIRIA is a private, VC-backed company.
How much funding has ENVIRIA raised?ENVIRIA has raised $224M across 2 funding rounds.
What was ENVIRIA's last funding round?ENVIRIA's last funding round was a $200M Series B in February 2024, led by BlackRock.
Who are ENVIRIA's investors?ENVIRIA's investors include redalpine, BNP Paribas Développement, BlackRock, Alter Equity 3P and Galileo Green Energy.
Which companies are comparable to ENVIRIA?Companies comparable to ENVIRIA include GE Vernova, Enbridge, Williams Companies, Enterprise Products, Base Power and Lancium Technologies.

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