VREY Raises €3.3 Million to Unlock Solar Adoption in Germany's Multi-Family Buildings

VREY has closed a €3.3 million seed funding round led byRubio Impact Ventures, with participation from HTGF | High-Tech Gründerfonds and kopa ventures. The company enables property owners to deploy solar systems in multi-family buildings and supply the generated electricity directly to tenants, without taking on the role or regulatory burden of an energy supplier.

Nearly half of Europeans live in buildings with shared roofs, yet solar adoption in this segment remains low. In Germany, fewer than 2 per cent of multi-family rental units use on-site solar, largely due to regulatory complexity that requires property owners to act as energy suppliers.

VREY provides an integrated solution for tenant electricity models and “Gemeinschaftliche Gebäudeversorgung.” Its platform measures each tenant’s share of solar output and manages billing directly, eliminating the need for property owners to assume supplier responsibilities while allowing tenants to benefit without switching providers.

Julius Pahmeier, co-founder and Managing Director of VREY, said, “The majority of property owners want to future-proof their buildings, but until now, practical solutions were missing. With VREY, we make solar in multi-family buildings simple and economically viable for the first time.”

VREY plans to expand its team of around 20 employees and further develop its platform. The company aims to strengthen its position in the multi-family building segment and unlock additional energy use cases for property owners.

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