In April 2022, PCP provided a EUR 30 million term loan to UrbanVolt Ltd, an Irish company offering “Lighting as a Service” and “Solar as a Service”. The seven-year asset-backed loan will be used to fund the installation of solar panels and related equipment on their primary target of commercial and industrial client sites.
UrbanVolt was founded in 2015 and since 2021 offers Irish businesses the possibility of reducing their energy costs and transition to green solar energy on long term, fixed rate Power Purchase Agreements.
UrbanVolt delivers a turn-key solution which includes managing the planning permission process, designing the optimum solar PV system for their clients, installing the panels on-site and performing all necessary service and maintenance through the lifetime of the agreement.
UrbanVolt clients pay per kWh for the power that is produced from their roof and there is no upfront cost to the client.
Key investment highlights appreciated by PCP are the long-term contract nature of the business, an attractive asset base to act as security to PCP’s loan as well as the contribution to accelerate the transition towards a green society.
www.urbanvolt.com
April, 2022
Location: Germany, Hesse, Frankfurt
Total raised: $164.42M
Investors 1
| Date | Name | Website |
| - | P Capital ... | pcapital.s... |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 31.08.2023 | - | $28.28M | - |
| 17.05.2022 | - | $37.87M | - |
| 18.07.2018 | - | $65M | - |
| 06.11.2016 | - | $33.28M | - |
Mentions in press and media 16
| Date | Title | Description |
| 09.05.2024 | 10 Irish startups to watch in 2024 | Amidst a rapidly evolving technology landscape, Irish technology companies have demonstrated their power in solutions that have not only pushed the boundaries of innovation but also cemented their position as key players on the global stage... |
| 31.08.2023 | Dublin's UrbanVolt gains €26M investment for solar services, plans further European expansion | UrbanVolt, a Dublin-based LED retrofit lighting, and solar panel provider to commercial rooftops company, has secured a €26 million investment from Instabox and Swappie backer, Verdane. The capital is slated to be used to fuel further expan... |
| 31.08.2023 | UrbanVolt raises €26m private equity investment | UrbanVolt has announced a €26m investment from European specialist growth investor Verdane. UrbanVolt provides Power Purchase Agreements that enable SMEs to access solar energy without the burden of upfront costs. The company also shoulders... |
| 31.08.2023 | UrbanVolt Raises £22.3M in Funding | UrbanVolt, a Dublin, Ireland-based Solar-as-a-Service market company, raised £22.3M in funding. Verdane made the investment. The company intends to use the funds to facilitate its UK and European expansion. Founded in Dublin in 2015 by Kevi... |
| 31.08.2023 | Irish solar-as-a-service provider UrbanVolt secures €26M to power sustainable expansion in Europe | Read this article in: Ireland-based Solar-as-a-Service provider UrbanVolt announced that it has raised £22.3 million (€26M) from Verdane, a European growth investor. The company says that the partnership will drive its expansion in Ireland ... |
| 17.05.2022 | UrbanVolt ties down €36m debt finance | UrbanVolt has announced a €36m term loan facility, made up of a €30m seven-year loan from Swedish-based credit fund PCP and €6m from existing funders BVP and Beach Point Capital. UrbanVolt finances and installs solar panels on the rooftops ... |
| 20.03.2019 | UrbanVolt Adds ‘Quick Cut’ Calculator | UrbanVolt, which provides ‘light as a service’ via its energy-saving packages aimed at businesses wishing to cut their energy use, has devised an online calculator to allow firms calculate energy savings. The calculator enables customers to... |
| 27.08.2018 | UrbanVolt Becomes A B Corp Business | Dublin-based lighting company UrbanVolt has become the first Irish company to be accorded B Corp status for its socially and environmentally friendly business practices. B Corps are for-profit companies certified by the non-profit B Lab to ... |
| 18.07.2018 | UrbanVolt Signs $65M Funding Deal with Low Carbon | UrbanVolt, a Dublin, Ireland-based Light as a Service (LaaS®) company, signed a $65m funding deal with UK investment company Low Carbon. The investment will be used to deliver energy efficiency projects across the US. Established in Ireland... |
| 11.07.2018 | UrbanVolt offers corporations ‘light as a service’ to fight climate change with LED bulbs | Massive floods, mega droughts, famine, economic collapse, and an imminent death for just about all life on Earth. That’s pretty much the ultimate doomsday scenario proffered by some climate change scientists and writers out there. A New Yor... |
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