SunRoof, an international start-up manufacturing solar roofs has acquired Redlogger, a Swedish company developing renewable energy supporting software. This technological combination will create a robust and unique platform to sell the surplus energy generated by SunRoof solar cells. The first marketplace launch takes place in Poland.
Ready for marketplace launch this year
Our ambition is to become the largest energy marketplace in Europe, and to use the Redlogger infrastructure to develop a platform that can compete with Tesla's Autobidder. SunRoof is currently growing at such a rapid pace that investing in new technologies which meet our needs and expectations saves us the time and resources we would have needed to spend on developing such a system from scratch. As a result, we can accelerate the implementation of unique energy management solutions from 6 months to a year. Some of the acquisition-related transactions were cash transactions, while some involved SunRoof shares, meaning that key Redlogger staff have become our partners. We are happy to see them complement our own skills. By joining forces, we can digitise the energy market and promote the use of renewable energy sources. More acquisitions of businesses from this area are thus also on the table
- says Lech Kaniuk, CEO of SunRoof.
SunRoof has seen 500% YoY growth
SunRoof manufactures 2-in-1 solar roofs and innovative façades that generate electricity without having to install traditional photovoltaic modules. This is the best investment replacing the need for installing solar panels on top of a classic roof - the most efficient solution, the lowest carbon footprint, uncompromising elegance.
Our mission is to speed up the global transition to renewables by developing beautiful roofs that, by generating electricity, will cover the energy demand of the entire building.