Mannheim, April 21, 2026 – PAUL Tech AG (“PAUL” or the “Company”) has received a strategic investment from Searchlight Capital Partners, L.P. (“Searchlight”), a leading global private investment firm, to finance the company’s further growth.

Under the agreement, PAUL Tech AG has been provided with a €40 million structured capital solution. Closing of the transaction took place on March 24, 2026. With Searchlight, PAUL has gained a strong financing partner to further accelerate the roll-out of its PAUL Net Zero product - an integrated technology platform combining AI-driven energy optimization with highly efficient heat pump systems.

Sascha Müller, CEO, PAUL Tech AG:

“Our goal is to secure contracts for green heat supply for more than 100,000 residential units by the end of 2027. In doing so, we will make a significant contribution to the decarbonization of the building sector.”

Patrick Weiden, CFO, PAUL Tech AG:

“It was important for us to find a financially strong partner with international experience who can support PAUL’s future growth. This will enable us to further scale our PAUL Net Zero product.”

Searchlight Capital Partners, L.P.

Searchlight is a global private investment firm with more than $17 billion in assets under management and offices in New York, London, Miami and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.

PAUL Tech AG

PAUL Tech AG, based in Mannheim, is a decentralized heat provider for existing residential buildings. The company replaces fossil-based heating systems with a heat pump solution combined with its proprietary AI-based control technology (PAUL Net Zero) and is responsible for operation and heat supply. PAUL reduces emissions across the building stock and improves energy efficiency, enabling a near carbon-neutral heat supply. Contracts for the first 100,000 residential units are expected to be concluded by 2027.

Media inquiries regarding PAUL Tech: Klaus Schmidtke, Spokesperson, klaus.schmidtke@paul.tech,

+49 151 46680605

PAUL Tech AG - Pioneering Energy Transition