London-based startup Volter, which helps real estate owners profitably manage rooftop solar projects, has raised $3.2 million in a pre-seed funding round to boost solar energy generation for commercial and industrial (C&I) real estate. The funding round was led by Transition, with participation from Seedcamp and Neptunia Invest.
- Founded in 2024 by Luke Buhl-Nielsen and Alex J, Volter develops an operating system for commercial solar projects, empowering real estate owners, property managers, and solar installers to deploy and manage rooftop solar systems profitably.
- The platform simplifies operations by streamlining billing, monitoring, reporting, and customer engagement, enabling users to boost revenue, enhance efficiency, and easily achieve sustainability goals.
"Our platform enables cheaper, greener electricity for tenants, unlocks additional revenue and carbon savings for landlords, and supports critical energy balancing services for our electricity grid," Luke Buhl-Nielsen, co-founder of Volter, stated.
Details of the deal
- Transition, a London-based venture capital firm specializing in Seed and Series A climate-focused startups, led the funding round. The round also included participation from Seedcamp, an early-stage fund supporting tech startups, and Stockholm-based investment management firm Neptunia Invest.
"The company launched in August 2024 and they’re already working with some of the largest real estate owners and managers in the UK. We’re excited to support the company on their mission to speed up solar deployment and make those assets more productive, building a more resilient energy system in the process," Explains Ari Helgason, Partner at Transition.
- The fresh capital raised will enable the startup to develop its product offerings, expand its customer base, and launch operations in a new European market. Additionally, it will support the company's expansion into new energy services, including transforming into a platform for batteries.
