terralayr raises €192 million of growth equity to accelerate its German battery storage build-out, in funding round led by Eurazeo, and supported by existing shareholders, including RIVE Private Investment
terralayr, the innovative energy flexibility provider, announces the closing of two equity tranches totalling €192 million including an €80 million upsizing option. The financing round was led by European investment firm Eurazeo, specifically its infrastructure division, and was supported by existing shareholders, including RIVE Private Investment.
The funding will enable terralayr to further grow its grid-scale battery storage portfolio in Germany, while scaling the company’s LAYR flexibility-as-a-service platform, addressing one of the fastest-growing segments of the European power market.
A milestone transaction for Europe’s battery storage sector
Eurazeo joins existing institutional investors like RIVE Private Investment, Creandum, Earlybird, Norrsken VC and Picus Capital. The size and makeup of the fundraise make it one of the most meaningful transactions in the European battery storage sector over the course of the last 12 months.
This investment comes at an important time in the evolution of Germany’s power system – accelerating renewable deployment, electrification, rising demand from data centres and industry, and a growing desire for energy independence all drive an increasing need for grid flexibility and stability. Battery storage is fast becoming a critical pillar in this evolution of the power sector, with utility-scale battery storage capacity likely to expand >5x until 2030 in Germany.
A rapidly scaling battery storage and flexibility platform
terralayr develops, owns and operates grid-scale battery energy storage systems. The asset business is supported by its software platform LAYR, which virtualizes battery assets, and provides a route-to-market solution. The platform offers tolling structures, flexibility auctions and value-enhancing risk management – both to terralayr’s own assets, as well as to third party BESS investors and users of flexibility. This combination of assets, marketplace and technology makes the company a front runner in the industry.
In Germany, terralayr owns more than 150 MW of operating and under-construction assets, and close to 200 MW ready-to-build, partially backed by tolling agreements with RWE and Vattenfall. An additional secured pipeline of 8 GW from in-house development and co-development partnerships puts terralayr on a path for exponential growth.
LAYR has already signed a significant volume of third-party assets, which are managed and monetized for their respective owners via terralayr’s software platform. The company’s own asset growth and its strategic partnerships, such as the ones closed with Stadtwerke Duisburg and the STEAG Iqony Group, fuel LAYR‘s growth and its establishment as a flexibility marketplace and route-to-market solution.
On the back of this unique combination of offerings, terralayr aims to operate one of Germany’s largest battery storage fleets by the end of 2027 and, via LAYR, be the trusted partner of choice for the combined monetization and asset management needs of asset owners and flexibility buyers.
Philipp Man, Co-Founder and CEO of terralayr:
“We are very happy to welcome Eurazeo to our shareholder base and appreciate the continued support from existing investors like RIVE. Their backing is essential in allowing us to accelerate the build-out of much needed flexibility infrastructure in Germany. This capital raise will enable us to increase the pace of our asset growth in Germany, which is critical for the scaling of our digital platform. This will make us an even stronger partner to utilities, asset owners, flexibility traders, and other users of flexible power assets.”
Melissa Cohen, Co-Head Infrastructure of Eurazeo:
“terralayr develops and manages infrastructure that addresses a fundamental need for flexibility and stability in the power grid. We believe terralayr is well-positioned to contribute to Germany’s energy transition by developing a solid asset base, underpinned by its virtual marketplace. We are very pleased to support terralayr’s co-founders Philipp Man and Ludwig Wurlitzer, and the entire terralayr team in this phase of the company’s growth.”
About terralayr
terralayr is a fully integrated energy flexibility provider, combining German grid-scale battery storage development and operation with a proprietary software platform that aggregates, optimises and commercialises flexibility. terralayr supports power producers, grid operators and major energy users, with a multi-gigawatt development pipeline across Germany and a roadmap to scale across Europe. The company currently employs around 50 sector specialists.
About Eurazeo
Eurazeo is a leading European investment group with €37.4 billion in diversified assets under management, including €28.0 billion on behalf of institutional and retail clients through its private equity, private debt, real estate and infrastructure strategies. The Group supports more than 600 mid-market companies, leveraging the commitment of its 400-strong workforce, its in-depth sector expertise, its privileged access to global markets through 14 offices across Europe, Asia and the United States, and its responsible approach to value creation based on growth. The company's institutional and family shareholding structure, and its solid financial structure, ensure its long-term viability.
Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Stockholm, Madrid, Luxembourg, Shanghai, Seoul, Singapore, Tokyo and São Paulo. Eurazeo is listed on Euronext Paris. ISIN: FR000121121 - Bloomberg: RF FP - Reuters: EURA.PA.
About RIVE Private Investment
RIVE Private Investment is an independent European investment firm specializing in key assets in the transport and energy transition sectors. Since its foundation in 2013, RIVE has grown to manage over €1 billion and has completed more than 100 transactions. Through its Energy Transition division, RIVE invests across the entire energy value chain, including renewable energy, green gas, sustainable thermal energy, energy efficiency, energy storage and mobility infrastructure. RIVE's positioning reflects a firm commitment to mitigating climate change and creating a positive impact on local communities. RIVE's Energy Transition division is supported by the European Union under the InvestEU program.
Press contact terralayr
Ingmar Remus
Tel. 0049 171 3253908
remus@siccmamedia.de