Virya Energy NV
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Virya Energy NV - overview
Established
2019
Location
-, -, Belgium
Primary Industry
Renewable Energy
About
Based in Belgium and founded in 2019, Virya Energy NV operates in the renewable energy sector, specializing in sustainable energy asset development and operations. In March 2024, Korys acquired an additional 30% minority stake in Virya Energy NV from Colruyt Group for EUR 600 million. As of 2024, the company is led by its CEO, Paul Tummers. Virya Energy NV specializes in the development, financing, construction, and operation of sustainable energy assets, with a core focus on delivering renewable energy solutions tailored to meet specific user needs.
Their primary offerings include a range of renewable energy technologies, including solar, wind, and sustainable hydrogen production, intended to address the growing demand for clean energy across various sectors. The company aims to facilitate the energy transition by providing 'fit for purpose energy,' ensuring that energy is available in the correct form and at the right time for end users. Virya Energy services a diverse client base that includes energy supply cooperatives and industrial partners across several geographic markets, including Western Europe and North America. By creating synergies across their business units.
The company generates revenue through a multifaceted business model that includes direct sales, partnerships, and long-term contracts for energy supply. Their revenue framework primarily revolves around B2B transactions, where corporate clients enter into agreements for renewable energy solutions tailored to their operational needs. Virya Energy NV plans to leverage its recent funding round to enhance its position in the renewable energy industry, focusing on expanding its product offerings and geographic footprint. The company is working on new sustainable energy solutions, although specific product launch dates have yet to be disclosed.
The funding will support their entry into new markets, particularly targeting expansion into additional regions within Western Europe and North America by the end of 2025. The acquisition by Korys will further enable Virya Energy to explore innovative renewable energy projects and partnerships.
Current Investors
Korys
Primary Industry
Renewable Energy
Sub Industries
Solar Power, Wind Power
Website
www.virya-energy.com/
Verticals
Clean Technology
Total Amount Raised
Subscriber access only
Virya Energy NV - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Virya Energy NV | - | ||||||||
| LP Direct | Completed | Virya Energy NV | - |
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