# Roofit Solar Energy OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/roofit-solar-energy-ou

- Industry: Renewable Energy
- Headquarters: Tallinn, Estonia
- Website: www.roofit.solar
- Total disclosed funding: $7.4M
- Latest round: Series A (Oct 5, 2021)
- Investors on record: 4

## About

Roofit Solar Energy OÜ specializes in innovative solar roofing solutions, merging aesthetics with energy efficiency. The company provides integrated solar roofs that cater to environmentally conscious homeowners in Europe.Roofit Solar Energy OÜ, founded in 2016 and headquartered in Tallinn, Estonia, focuses on the development and installation of solar roofing solutions. The company was established by Raimond Russak and has completed a total of 3 deals as of March 2023. In its most recent funding round, Roofit Solar raised EUR 6.45 million, co-led by BayWa r.e. Energy Ventures and Edgecap Partners. The company has raised a total of EUR 6.45 million to date.Roofit.Solar specializes in integrated solar roofing solutions, designed to merge aesthetic appeal with high-efficiency energy production. Their flagship product, the Integrated Solar Roof, incorporates advanced solar cells directly into high-quality metal sheets, providing homeowners an elegant alternative to conventional solar panels. Released in 2016, these products effectively target homeowners looking to renovate their properties into sustainable net-zero buildings across various European markets, including Germany and Sweden. The company caters to environmentally conscious consumers by offering a comprehensive approach to energy generation and management through the BrightHour® smart home energy management system.Roofit.Solar generates revenue primarily through the sale and installation of their solar roofing products and associated services. In the most recent fiscal year, 2023, the company reported a revenue of EUR 5,578,506.70, with an EBITDA of EUR -5,970,420.20. Transactions typically involve direct sales to consumers for full-service solar roof installations, ensuring seamless integration of their products while reflecting the advanced technology and materials used in their offerings.In March 2023, Roofit Solar Energy OÜ raised EUR 6.45 million in funding to support its growth initiatives. The company plans to significantly expand its presence in existing markets, enhance production capacity, and broaden its distribution network. Upcoming developments include new product designs and improvements to their roof planning software. Roofit.Solar also aims to prepare for entry into new markets, focusing on strategic expansion efforts in European regions, thereby utilizing the recent funding to train roofing partners and further develop their offerings.

## Funding rounds

- Series A, Oct 5, 2021, $7.4M — Spring Capital, BayWa r.e. Energy Ventures, Helmes AS, Edgecap Partners

## Investors

- Spring Capital — Series A
- BayWa r.e. Energy Ventures (https://capitalatlas.ai/funds/baywa-r-e-energy-ventures) — Series A
- Helmes AS — Series A
- Edgecap Partners (https://capitalatlas.ai/funds/edgecap-partners) — Series A