Grace Ashiru
BayWa r.e. Energy Ventures, the investment arm connected to BayWa r.e. ‘s VC subsidiary, has spearheaded a financing round that garnered 1.25 million Euros (equivalent to $1.3M) for Circadian, a Berlin and Africa-oriented energy startup. The purpose of this strategic capital infusion is to accelerate the worldwide shift to sustainable energy, particularly in markets that are currently underserved. Participating in this financial endeavor are significant investors such as Rockstart Energy, Persistent Energy Capital, Great Stuff Ventures, Tofino Capital, and Ralicap Climate.
At the cutting edge of technological advancement, Circadian Technologies delivers an integrated Energy Management System comprising both hardware and Software as a Service (SaaS). Designed to cater to the unique requirements of solar developers and asset holders, the platform is especially geared towards tackling the difficulties of inconsistent electrical grids in emerging markets throughout Africa. Their comprehensive solution simplifies the full lifecycle of solar projects, from initial location evaluation and blueprinting all the way to system activation and sustained asset oversight. This groundbreaking technology allows commercial and industrial (C&I) organizations to shift away from diesel generators to renewable energy alternatives, initially focusing on telecom tower operators across Africa. This move marks a considerable progression in efforts to reduce carbon emissions.
Circadian was established by seasoned experts Mike Rosenberg and Max Boit, who possess a deep knowledge of Africa’s market landscape and an in-depth grasp of the energy industry. Along with their committed team, their aim is to become a premier B2B platform specializing in Distributed Energy Resources (DER) for emerging markets.
BayWa r.e. Energy Ventures’ Managing Director, Greg Zavorotniy, expressed his excitement about the investment. “Circadian’s breakthrough technology enables the development of solar microgrids in emerging markets, playing a significant role in efforts to reduce carbon emissions,” he said. This is our first investment in Africa., and we look forward to more such opportunities from companies focused on promoting the energy transition in the area.”
As the Chief Executive Officer of Circadian, Mike Rosenberg highlighted the company’s core objective: to serve as an enabler for installers of renewable energy and to be a driving force for the mass adoption of decentralized energy systems in emerging markets. Circadian is in the process of widening its footprint throughout Africa. This includes strengthening the team, upgrading the platform’s features, and fostering additional growth. The backing from our financial supporters is instrumental in realizing these goals.
The main area of operations for Circadian covers Western, Eastern, and Southern Africa, where their groundbreaking solutions are significantly contributing to the shift toward greener and more sustainable forms of energy.
