February 20, 2024

Solar panel startup Enviria secures $200m from BlackRock

Enviria

Investment raised

USD 200.6M

Valuation

Stage

Region

🏆 Deal of the Month · February 2024

Enviria raised USD 200.6 million in a Series B round; the company's valuation was not disclosed. The round was led by BlackRock. The deal was recognized as Venionaire DealMatrix's Deal of the Month for February 2024.

Enviria — key deal facts

Company Enviria
Founded 2017
Headquarters Frankfurt am Main, Germany
Amount raised USD 200.6M
Valuation Valuation Remains Undisclosed
Round Series B
Investors Blackrock
Sectors Renewable Energy

Who invested in Enviria?

BlackRock led the Series B investment in Enviria. The participation of one of the world's largest asset managers underscores the accelerating institutional appetite for commercial and industrial solar infrastructure in Europe. No additional co-investors were disclosed alongside this round.

What does Enviria do?

Enviria is a German renewable energy company founded in 2017 by Melchior Schulze-Brock, who serves as CEO. The company is headquartered in Frankfurt am Main, Germany, and develops integrated solar solutions for commercial and industrial clients. Its product ecosystem spans photovoltaic systems, battery energy storage (BESS), EV charging infrastructure, energy management systems (EMS), and green electricity contracts. Since inception, Enviria has completed more than 500 commercial projects across Germany.

Enviria valuation & multiples

No multiples analysis is available for this transaction, as Enviria's valuation was not disclosed. Comparable renewable energy and C&I solar businesses typically trade within a range of sector-specific EV/Sales and EV/EBITDA multiples. Readers can explore current benchmarks on the Venionaire DealMatrix Renewable Energy sector multiples pages.

Explore the benchmarks: Series B.

Frequently asked questions

How much did Enviria raise in its Series B?

Enviria raised USD 200.6 million in its Series B round, recognized as Deal of the Month in February 2024.

What is Enviria's valuation?

Enviria's valuation was not disclosed in connection with its Series B round.

Who invested in Enviria?

BlackRock led Enviria's Series B round of USD 200.6 million.

When was Enviria founded and where is it based?

Enviria was founded in 2017 and is headquartered in Frankfurt am Main, Germany.

Source: original announcement — read the full report.

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