Soldera receives €1.6M from Estonian Enterprise Agency

Estonian company Soldera has received €1.6M as part of an EIS applied research grant. The startup is using the funds to expand the company and further develop its product.

Soldera was founded in Estonia in 2023 by Stenver Jerkku and Al William Tammsaar. The company’s product is a comprehensive AI-driven platform that automates the management and optimization of Renewable Energy Certificates and Guarantees of Origin for renewable energy producers. According to the company, it significantly reduces administrative work, allows better market access, and maximizes revenue potential. The platform now serves over 4,000 renewable energy plants and more than 500 corporate customers across 15 regions. Notable clients include major renewable energy producers like BaltCap Infrastructure Fund, Kaamos Energy, as well as other significant producers like Vestman, Merito, and Sunsa.

In 2025, Soldera raised $2.5M from Lifeline Ventures, Alumni Ventures, and Lemonade Stand. 

EIS Applied Research Grant (EIS ARP) is an applied research support program implemented by the Estonian Business and Innovation Agency (EIS). The aim of the program is to support projects related to research and development in areas such as sustainable valorization of food resources, research and development of future and new products, and the development of innovative and sustainable solutions in food and feed production.