SET Ventures has invested in Enrise, a next-generation solar developer specialising in self-consumption for commercial and industrial (C&I) real estate. The €8 million funding round was led by SET Ventures and Asterion Ventures, with the support of Ring Capital, AFI Ventures, Climate Club, and the French public investment bank Bpifrance.
Solar self-consumption, a key level to unlock real estate value
Solar self-consumption is an ideal solution for many C&I real estate stakeholders. It offers a concrete and sustainable response to the requirements of the APER Law (Accelerating Renewable Energy Production) and the Tertiary Decree, increasing asset liquidity and land value for property owners.
Thanks to its proprietary technology and national network of high-quality installers, Enrise develops and commissions solar power plants in under eight months, allowing tenants to reduce their electricity costs by 30% effortlessly and without any capital investment.
This funding will allow the young company to accelerate its development, including tripling its workforce by the end of 2025. The goal is to consolidate its position in the French solar market and expand its range of energy services.
“Real Estate owners are under triple pressure: increase asset value in an uncertain market, improve the appeal of their properties to maximise occupancy, and ensure regulatory compliance. We’ve designed a solution that turns these three constraints into an opportunity for economic and environmental value creation”, explains Paul Astrup, CEO and Co-Founder of Enrise.
A turnkey digital solution for multi-site clients
Founded at the end of 2023, Enrise introduces an innovative new approach to solarisation in real estate. With its proprietary tech platform, the startup enables multi-site property owners to deploy self-consumption projects across their assets at scale, producing and consuming green energy locally.
Through its national network of installers and tech-first approach, Enrise manages the entire process for property owners: feasibility studies, administrative procedures, financing, installation, operation, maintenance and performance monitoring. This model ensures customised, cost-effective implementation, all in record time. For tenants, this translates into energy bill savings of up to 30%.
“We’ve been impressed by the team’s ability to scale Enrise commercially. Enrise’s model is based on vertical integration through digital tools and partnerships. Legacy players often take a slow, asset-by-asset approach, but Enrise targets multi-site clients and uses its platform to deliver fast, scalable solutions, leading to an average installation cycle of just seven months,” added Charles-Henry Choel, Partner at Asterion Ventures.
Unlocking the potential of artificial surfaces
Today, France has more than 680,000 commercial and industrial rooftops, yet less than 5% are equipped with solar solutions. Until now, the complexity of the process, the time involved, and the scale of required investment have discouraged property owners and tenants from solarising their assets.
Enrise’s vision is to eliminate these remaining barriers and enable the large-scale deployment of self-consumption photovoltaic projects, transforming underused surfaces into competitive sources of green energy.
This momentum is reinforced by France’s goal to double its solar capacity within five years, supported by favourable self-consumption regulations and declining equipment costs.
“Enrise is on a mission to make solar energy a no-brainer for the real estate sector. Their solution allows for faster decision-making, seamless financing, large-scale deployment, and paves the way for advanced energy services like storage and flexibility services. We’re excited to support their vision as they seize the market opportunity in France,” says Julia Padberg, Partner at SET Ventures.
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About Enrise
Enrise is a next-generation developer specializing in solar self-consumption for commercial and industrial real estate. Founded in late 2023 by Paul Astrup and Armand d’Ambrières, and joined in 2024 by Pascal Marguet, (founder of APEX Energies), the startup offers a turnkey solution that allows multi-site property owners to decarbonize their real estate portfolio and increase property value by using solar energy – without effort or investment.
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