News 26.06.2025
PAUL Tech secures 120 million euros in financing from MEAG
Klaus Schmidtke
Mannheim, June 25, 2025 - PAUL Tech AG has agreed a long-term financing facility of EUR 120 million with MEAG, the asset manager of the Munich Re Group. The credit line supports the nationwide rollout of PAUL Net Zero, an integrated technology platform for the CO₂-neutral heat supply of existing buildings. Payments will be made in several tranches, each subject to contractually defined conditions. The credit facility is amortizing and the terms of the individual tranches are up to 10 years each.
With PAUL Net Zero, the company combines AI-controlled energy optimization, highly efficient heat pump systems and – where possible – photovoltaic systems to create a holistic, sector-linked, heat-as-a-service model. Owners benefit from a completely investment-free solution that upgrades their buildings to class A energy efficiency.
By the end of May 2025, the first 2,000 residential units had already been equipped with PAUL Net Zero and this figure is set to rise to 20,000 by the end of the year. Orders for 100,000 residential units have already been announced for the next two years.
We are delighted to have gained a strong financing partner in MEAG. On this basis, we are consistently driving forward the scaling of our smart solutions for the heating transition in apartment buildings.
2024 was the year of transformation for PAUL Tech - from energy efficiency expert to heating provider with sector coupling, thanks to significant investments in the PAUL Net Zero product.
In 2025, we are going on the offensive: with the broad rollout of PAUL Net Zero for 100,000 rental apartments in existing properties that have been announced so far, we are making a decisive contribution to the heating transition.
Our technology enables a climate-neutral heat supply that benefits tenants, owners and investors alike.
Sascha Müller, CEO PAUL Tech AG
MEAG's credit line secures the long-term financing of our operational rollout of PAUL Net Zero. Building on this, we are currently examining various strategic options for refinancing our corporate bond and for the further implementation of our profitable growth path. This also includes possible capital market options.
Patrick Weiden, CFO PAUL Tech AG
About us: PAUL Tech AG, based in Mannheim, Germany, makes existing properties green and valuable. With our AI-supported PAUL Net Zero technology, we transform buildings into energy-efficient, climate-friendly investments - and increase their returns in the process. Through the intelligent combination of heat pumps, photovoltaics and digital control, our customers achieve the highest energy efficiency classes and meet future ESG requirements. As a partner to leading real estate companies, we are already supporting 160,000 residential units on their way to a sustainable future.
Press contact:
Klaus Schmidtke
Head of Corporate Affairs / Press spokesman
Theodor-Heuss-Anlage 12
68165 Mannheim
Germany
Mobile: +49 151 46680605
E-Mail: klaus.schmidtke@paul.tech
Disclaimer:
This document and its contents do not constitute an offer to sell or a solicitation of an offer to buy or subscribe for securities. A public offer of securities of PAUL Tech AG does not take place and is not intended. The distribution of this document may be subject to legal restrictions in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions. Failure to comply with such restrictions may constitute a violation of the securities laws of the relevant jurisdiction.