VREY secures EUR 3.3 million in seed financing to scale solar power for multi-family homes

The Berlin-based climate tech start-up VREY has raised 3.3 million euros in a seed financing round. The round was led by Rubio Impact Ventures, High-Tech Gründerfonds (HTGF) and kopa ventures. The company intends to use the fresh capital to further scale its solution for decentralized solar power supply in multi-family homes in Germany.

Integrating solar power directly from your own roof into the housing market

VREY specializes in the use of photovoltaics in apartment buildings. The platform makes it possible to generate solar power directly on the roofs of residential buildings and supply it directly to tenants and owners in the same building. This creates a locally generated electricity model that combines both economic and ecological benefits.

The company currently supplies more than 200 residential buildings in all 16 federal states with clean solar power. The solution is based on integrated processes for metering, billing and regulatory implementation, which significantly simplifies the use of tenant electricity.

Benefits for owners, tenants and the climate

The business model aims to achieve a so-called triple-win effect:

• Property owners generate additional income and increase the value of the building
• Tenants benefit from lower electricity prices from local generation
• CO₂ emissions in the building sector are significantly reduced

Strong growth in team and structure

Since its foundation, VREY has grown significantly in terms of both organization and personnel. The team has grown from five to over 20 employees. The office space has also been expanded several times, from 10 square meters to 40 square meters and soon to 300 square meters.

The company's key figures include Cedric Jaeger, Julius Pahmeier, Eric M. Möller and Martin Stadler. Elias Schuck and Julius Diesing, among others, joined the team as it continued to grow. Parallel to the operational development, the team is investing heavily in culture and collaboration - documented, among other things, by numerous joint team events in the startup's everyday life.

Tailwind from the investor scene

The investors see VREY as a key building block for the energy transition in the building sector. In particular, the combination of technical infrastructure, regulatory simplification and economic feasibility is seen as a decisive lever for scaling solar energy in apartment buildings. According to HTGF, ease of implementation in particular is a key factor in the broad roll-out of solar energy in existing and new buildings.

With the new financing, VREY plans to significantly expand its market presence. The company is currently looking to fill more than 15 positions and intends to further establish its solution across Europe in the coming years.