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- ENVIRIA
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2024 | Series B | BlackRock (lead) | $200M | ENVIRIA 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 2022 | Series A | Galileo Green Energy (lead); redalpine (lead); BNP Paribas Développement; Alter Equity 3P | $24M | ENVIRIA 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Lead | Feb 2024 | ||
This data is available for Pro users. Sign up to see all 5 ENVIRIA investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialENVIRIA Competitors
ENVIRIA competitors include listed companies like GE Vernova, Enbridge, Williams Companies and Enterprise Products, and private ones like Base Power and Lancium Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $38B | $3.2B | $246B | 5.4x | ||
| Publicly listed | $47B | $15B | $109B | 3.6x | ||
| Publicly listed | $12B | $7.4B | $88B | 9.8x | ||
| Publicly listed | $53B | $9.6B | $83B | 1.9x | ||
| Private | - | - | $13B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $110B | $20B | 1.9x | 1.7x | 10.4x | 10.3x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $45B | $4.5B | 2.7x | 2.4x | 27.3x | 16.1x | |||
| $47B | $15B | 4.2x | 3.6x | 13.3x | 13.3x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $28B | $2.5B | 3.5x | 2.7x | 38.8x | 26.3x | |||
This data is available for Pro users. Sign up to see all ENVIRIA competitors and their valuation data. Start Free Trial | ||||||||
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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