Roofit.Solar secures EUR 6.45 m to increase solar roofing system production

• Roofit.Solar, an Estonia-based climate tech scale-up specialising in building integrated (BIPV), has actually efficiently raised EUR 6.45 million (USD 6.9 m) in a funding round led by existing backers BayWa r.e. Energy Ventures and also EdgeCap Partners.

The Estonian firm revealed this last week, claiming that the complete amount secured through different equity funding rounds currently gets to EUR 17 million. It also has an additional EUR 2 million in grant funding.

Established in 2016, Roofit.Solar is a programmer and also provider of elegant solar roof options for both exclusive clients and the roof covering sector. It intends to utilize the new financing to elevate its manufacturing capacity as well as increase in its residence markets of Germany, Sweden, and also Estonia, while also expanding its circulation network throughout Europe.

Roofit.Solar states that in 2022 it managed to triple annual revenue and almost double its solar module manufacturing.