PAUL Tech secures EUR 120,000,000 financing facility from MEAG

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PAUL Tech secures EUR 120,000,000 financing facility from MEAG
Expansion of PAUL Net Zero into the leading platform for climate-neutral heating in existing buildings

Mannheim, 25 June 2025 – PAUL Tech AG has entered into a long-term financing agreement with MEAG, the asset manager of the Munich Re Group, securing a credit facility of EUR 120,000,000. The financing commitment serves as project financing for "PAUL Net Zero" as a technology platform for the climate neutral supply of heat to residential buildings. The financing is deployed in several tranches, each subject to pre-agreed terms and conditions. The financing is structured as an amortizing facility, with each tranche having a term of up to ten years.

With PAUL Net Zero, the company combines AI-driven energy optimisation, highly efficient heat pump systems and – where feasible – photovoltaic installations into a comprehensive, sector-coupled Heat-as-a-Service model. Property owners benefit from a fully zero-capex solution that upgrades their buildings to energy efficiency class A.

By the end of May 2025, the first 2,000 residential units had already been equipped with PAUL Net Zero, with the number expected to rise to 20,000 by year-end. Orders for 100,000 residential units have already been indicated for the next two years.

CEO Sascha Müller: “We are delighted to have MEAG on board as a strong financing partner. This enables us to further consistently scale our smart solutions for the heating transition in rental housing. 2024 was a year of transformation for PAUL Tech – from energy efficiency expert to heating provider with sector coupling, driven by significant investments in the PAUL Net Zero product. In 2025, we shift into growth mode: with the broad rollout of PAUL Net Zero for 100,000 targeted rental units in existing properties, we are making a decisive contribution to the heating transition. Our technology enables climate-neutral heating, benefiting tenants, owners and investors alike.”

CFO Patrick Weiden: “MEAG’s credit facility provides long-term financing security for the operational rollout of PAUL Net Zero. Building on this, we are currently evaluating several strategic options to refinance our corporate bond and further pursue our profitable growth path. These options also include potential capital market instruments.”

About PAUL Tech
PAUL Tech AG, headquartered in Mannheim, transforms existing properties into green and valuable assets. With our AI-powered technology PAUL Net Zero, we turn buildings into energy-efficient, climate-friendly investments – while increasing their returns. Through the intelligent combination of heat pumps, photovoltaics and digital control, our clients achieve top energy efficiency ratings and meet future ESG requirements. As a partner to leading real estate companies, we already manage 160,000 residential units on their journey towards a sustainable future.

PAUL Tech AG - Pioneering Energy Transition
www.paul.tech

Press Contact
Klaus Schmidtke
Head of Corporate Affairs / Spokesman
Theodor-Heuss-Anlage 12
68165 Mannheim
Tel.: +49 151 46680605
E-Mail: klaus.schmidtke@paul.tech

Disclaimer
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