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BayWa r.e. Energy Ventures is a venture capital firm headquartered in Munich, Germany. It was founded in April 2018 as a subsidiary of renewable energy developer BayWa r.e. It makes early-stage capital investments in Europe- and Israel-based energy companies. The firm has invested in renewable energy, digital energy solutions, energy storage, and e-mobility sectors. It makes initial investments of between € 1-5 million in portfolio companies. The firm follows a mandate from its parent company to help develop a 100% renewable energy system globally.
In 2019, BayWa r.e. Energy Ventures led an investment round for Zolar, a company offering photovoltaic systems through a digital end-to-end configuration platform. The lead investors of the Series B financing round include BayWa r.e. Energy Ventures and the Czech venture capital fund Inven Capital. Both venture capitals are European capital providers for digital energy and mobility solutions. Other investors like Heartcore Capital, Statkraft Ventures and Partech also participated in the round.
Ulrich Seitz, Managing Director of BayWa r.e. Energy Ventures, stated:
Trends such as electric mobility come with increasing electricity needs and rising costs. This often leads to the desire to become grid-independent by means of generating power yourself. Zolar has the solution to one of the most pressing issues for photovoltaic customers: the online configurator has made planning a solar system as easy as never before."
In 2021, Roofit.solar raised a €6.4M Series A, led by BayWa r.e. Energy Ventures and supported by Estonian investors. Roofit.solar is a climate tech startup developing an integrated 2-in-1 metal solar roofing and facade material, which generates electricity in the manner of regular panels.
BayWa r.e. Energy Ventures GmbH representative Greg Zavorotniy said:
Roofit.solar caught our attention with its metal solar roof solution that is unique in terms of its aesthetic appearance, ease of installation as well as system cost and reduced carbon footprint. With huge market potential, it could make a meaningful contribution to the green energy transition."
