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Radar · Energy in Tallinn

Best Energy Companies in Tallinn, Estonia

The 60 best Energy companies in Tallinn, Estonia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sunly.

60companies tracked
$1Bdisclosed funding
0unicorns
11have raised
FLIAR INTELLIGENCE · ENERGY × TALLINN

Our analysis of 441 Energy companies

$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

441companies analysed
76%cloud-native stacks
2025funding peak (by rounds)
8unicorns
2013median founding year
71kcombined LinkedIn audience
47%of audience held by top 3
4companies hiring publicly (12 mo)

Ranked: Best Energy companies in Tallinn

#CompanyRevenueDisclosed fundingEmployeesFoundedFounderTech stackRecent signals
1Enefit
Developer of wind energy projects
$71M
FY2023
——1939—Node.jsTailwind CSSNext.js App Router+20—
2Eesti Varude Keskus
Provider of oil storage services
$33M
FY2023
—102021———
3Eesti Gaas
Developer of solar energy projects
$29M
FY2023
—2401865Ants Noot
CEO
——
4Elenger Marine
Provider of LNG bunkering operations
$24M
FY2023
—11864———
5Kik
Focuses on promoting sustainable development and environmental protection by providing information…
$11M
FY2023
$11M952000Andrus Treier
CEO
DrupalApple iCloud MailTypeScript+171 partnership · 1 expansion
6Enefit Green
Developer & producer of wind, solar, and biomass energy
$6M
FY2023
$345M—2016Aavo Karmas
CEO
Node.jsTailwind CSSNext.js App Router+18—
7Roofit.solar
Developer of building-integrated solar modules
$6M
FY2023
$18M802016Raimond Russak
Co-Founder
WordPressMySQLPHP+211 partnership
8AdNext
Company that specializes in the production and trade of rapeseed and biodiesel products, as well as providing…
$5M
FY2023
—22013———
9Morek
Company provides electrical connector products
$5M
FY2022
——2004—WordPressMySQLPHP+261 job opening · 3 launchs
10IMD Engineering
Provides industrial engineering services and equipment and spare parts supplier
$2M
FY2023
—72012Kirill Vojevodin
Owner
——
11HeatConsult OÜ
Company specializing in state-of-the-art designs for district heating and district cooling networks…
$2M
FY2023
—172011———
12Amperia
Provider of HVAC servicing, fire fighting equipment maintenance, and electrical installation management…
$2M
FY2023
—112012———
13Baltic Power Engineering
Project developer and service provider
$963K
FY2023
—22009Toomas Koovit
CEO
——
14Greenbit.Energy
Independent power producer in the wind and solar sector
$954K
FY2022
—62019———
15Algrades
Offers advanced solutions for various industries, leveraging the expertise of top engineering professionals
$726K
FY2023
—32021———
16Fillenergi
Company that sells a range of products, primarily focusing on heating pellets, industrial wood, coal, oils…
$642K
FY2023
—32012———
17Europellet
Wood pellet supplier that offers pellets for various industries, with a focus on providing efficient and…
$436K
FY2023
—12016—WordPressMySQLPHP+19—
18UBIK Solutions
Manufacturer of solar powered products
$393K
FY2021
$57K12011———
19Elektro Nordic OU
Manufacturer and supplier of electronic components and materials
$348K
FY2022
—22011———
20NVL Praktik OÜ
Manufacturer of power equipment
$280K
FY2023
—32015———
21AGEOS TRADING
Company providing wholesale trade services for various goods, with a team of experienced professionals…
$259K
FY2023
—12022———

Top 12 Energy companies in Tallinn

#1
Series C · Tallinn, Harju County · founded 2018 · 89 employees
$624.5Mraised
▾

Developer of solar energy projects

LinkedIn Pulse recent public activity · Jul 2026
Audience: 14k LinkedIn followers — 20.4% of this cohort's audience · 52 engagements/post (1.7× cohort median)
Activity: 1 expansions announced in 12 mo
Funding rounds
  • Dec 2024Series C$63M
  • Aug 2024Conventional Debt$335M
  • Jun 2023Conventional Debt$32.4M
  • Oct 2022Conventional Debt$194M
Founders & team
Priit LepaseppCo-Founder & CEOMartin KruusCo-Founder & ChairmanKalle KiigskeCo-Founder
Investors
Mirova, Natixis, EBRD, Vardar, Rivage Investment, KLP
Tech stack
Apple Icloud MailCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCookieyesCore-Js
#2
Seed · Tallinn, Harju County · founded 2018 · 30 employees
$3.6Mraised
▾

EV charging solution. It offers reliable, smart, and cost-effective charging for both business and private customers. It provides chargers that are efficient, save money, and have a sleek design.

Funding rounds
  • May 2025Seed$1.7M
  • May 2024Seed$323.1K
  • Sep 2023Seed$1.4M
  • Sep 2023Grant (prize money)$1.7M
Founders & team
Sander VahtrasCo-Founder & Chief Product OfficerJuhan HarmCEO
Investors
Specialist, Kaamos, Amalfi Capital Management, Astri group, Vabariigi Valitsus, EIC Fund
Tech stack
Apexcharts.JsApple Sign-InCdnjsCloudflareCloudflare Bot ManagementCloudflare Browser Insights
#3
Funding Raised · Tallinn, Harju County · founded 2016
$345.4Mraised
▾

Developer & producer of wind, solar, and biomass energy

LinkedIn Pulse recent public activity · Jul 2026
Audience: 10k LinkedIn followers — 14.5% of this cohort's audience
Activity: 1 expansions announced in 12 mo
Funding rounds
  • Sep 2023Conventional Debt$193.3M
  • Dec 2021Grant (prize money)$608K
  • Nov 2021Grant (prize money)$3M
  • Oct 2021Grant (prize money)$3.8M
Founders & team
Aavo KarmasCEO
Investors
European Investment Bank, SEB, Europa
Tech stack
CloudflareCloudflare Browser InsightsCloudinaryCookiebotCore-JsFacebook Pixel
#4
Series A · Tallinn, Harju County · founded 2016 · 80 employees
$17.9Mraised
▾

Developer of building-integrated solar modules

LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers — 8.7% of this cohort's audience
Activity: 1 partnerships (incl. ABAU (Austria Bau)) announced in 12 mo
Funding rounds
  • Mar 2023Series A$6.8M
  • Mar 2023Grant (prize money)$2.1M
  • Oct 2021Series A$9.1M
  • Nov 2019Series A—
Founders & team
Raimond RussakCo-FounderAndri JagomagiCo-Founder & CEO
Investors
BayWa re, Spring Capital, Helmes, Eesti Talleks, Edge Capital, Beamline Accelerator
Tech stack
Amazon SesAmazon Web ServicesApache Http ServerCookieyesCore-JsFacebook Pixel
#5
Funding Raised · Tallinn, Harjumaa · founded 2000 · 95 employees
$10.5Mraised
▾

Keskkonnainvesteeringute Keskus (KIKEE) is a non-profit organization focused on promoting sustainable development and environmental investment in Estonia. The organization provides education, training, and consulting services to help businesses and individuals adopt environmentally friendly practices. With a strong emphasis on biodiversity and climate protection, KIKEE aims to create a more sustainable future for Estonia and the world.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers — 2.0% of this cohort's audience
Activity: 1 partnerships · 1 expansions (incl. KIK) announced in 12 mo
Funding rounds
  • Mar 2023Grant (prize money)$10M
  • Nov 2021Grant (prize money)$190.8K
  • Apr 2019Grant (prize money)$331.7K
Founders & team
Andrus TreierCEO
Investors
Europa
Tech stack
Apple Icloud MailChoicesCloudflareCloudflare Bot ManagementCloudflare Browser InsightsDrupal
#6
Series A · Tallinn, Harju County · founded 2019 · 40 employees
$3.1Mraised
▾

Developer of nuclear energy project

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 4.7% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Inhaber's Project Manager – Construction
Funding rounds
  • Mar 2023Series A$1.8M
  • Jun 2021Seed$1.2M
Founders & team
Henri OrmusCo-FounderKalev KallemetsCEO
Investors
Vattenfall, Amalfi
Tech stack
Apache Http ServerAstraContact Form 7Core-JsElementorEssential Addons For Elementor
#7
Funding Raised · Tallinn, Harju County · founded 2005
$762Kraised
▾

Solintel is a company that specializes in off-grid smart street lights powered by solar energy. They offer sustainable solutions for lighting in smart cities and have partnerships with companies in Greece and Cyprus. They also provide specialized consulting services for obtaining telecommunications licenses and managing businesses in Brazil.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 97 LinkedIn followers
Activity: 3 partnerships · 1 awards · 1 expansions (incl. Lissol – Lithium Solar Technologies Lda) announced in 12 mo
Funding rounds
  • Oct 2016Grant (prize money)$762K
Founders & team
Raul ReemetFounder and Board Member
Investors
Europa
#8
Deadpooled · Tallinn, Harju County · founded 2011 · 1 employees
$56.9Kraised
▾

Developer of micro and string inverters for photovoltaics designed to offer smart and efficient power conversion and renewable energy management. The company's power electronic technology allows the combination of the key advantages of the PV microinverters and PV power optimizers in just one device that makes solar energy easy available, enabling clients to efficiently develop portfolios of distributed energy projects and accelerate the deployment of distributed renewable energy.

Funding rounds
  • Feb 2019Grant (prize money)$56.9K
Investors
EIC Fund, HighTechXL
#9
Funding Raised · Tallinn, Harju County · founded 2019 · 4 employees
$19Kraised
▾

Developer of an energy-tracking platform designed to track the outcome of GHGs with granularity and traces a carbon-neutral cargo's compensation activities and status. The company's platform unlocks the possibility of splitting the task of reaching an LNG carbon-neutral cargo by providing a solution for multi actors to decarbonize a cargo, enabling clients to have access to a single origin of truth to provide LNG buyers and sellers with a decentralized interoperable view of carbon-neutral LNG.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 413 LinkedIn followers
Funding rounds
  • Jul 2021Grant (prize money)$19K
Founders & team
Snjezana JOVANOVIC-FINIDORICo-FounderJean-Christophe FINIDORICo-Founder
Investors
BlockStart
#10
Series A · Tallinn, Harju County · founded 2016 · 43 employees
—raised
▾

Manufacturer of electricity generators

LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 10.2% of this cohort's audience
Activity: 1 awards announced in 12 mo
Investors
EIC Fund, Europa, Mercaton, ScaleWolf, SmartCap, Cleantech Estonia
Tech stack
CloudflareCloudflare Bot ManagementContact Form 7Core-JsGoogle AnalyticsGoogle Font Api
#11
Funding Raised · Tallinn, Harju County · founded 2010
—raised
▾

Independent transmission system operator for electricity and natural gas

LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 9.5% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Eestis igas
Founders & team
Taavi VeskimägiChief Executive Officer of Estonian electricity andgas TSO Elering AS
Investors
Europa, European Innovation Council
Tech stack
AngularApache Http ServerApple Icloud MailArcgis Api For JavascriptBootstrapCart Functionality
#12
Late Stage · Tallinn, Harju County · founded 2002
—raised
▾

Bestair is an innovative company in Europe that focuses on providing energy-saving heating and cooling solutions. They are driven by a vision of a world that utilizes energy-saving solutions and are expanding their use in Europe.

Funding rounds
  • Jan 2022PE—
Founders & team
Jaan KopperOwner
Investors
Livonia Partners
Tech stack
Cart FunctionalitySquarespace CommerceSquarespaceStimulusWeglotJquery Cdn

Funding & investor landscape

$1Btotal disclosed funding
9companies funded
40disclosed rounds
0rounds last 90 days
Most active investors
Europa6 rounds
EIC Fund4 rounds
Amalfi3 rounds
United Partners3 rounds
Beamline Accelerator2 rounds
Tehnopol Startup Incubator2 rounds
Aktsiaselts Direct Consulting1 rounds
Aktsiaselts ESPAK Viljandi1 rounds
Alexela1 rounds
Amalfi Capital Management1 rounds

Notable founders

Priit Lepasepp
Co-Founder & CEO · Sunly
Martin Kruus
Co-Founder & Chairman · Sunly
Sander Vahtras
Co-Founder & Chief Product Officer · VOOL
Juhan Harm
CEO · VOOL
Aavo Karmas
CEO · Enefit Green
Raimond Russak
Co-Founder · Roofit.solar
Andri Jagomagi
Co-Founder & CEO · Roofit.solar
Andrus Treier
CEO · Kik
Henri Ormus
Co-Founder · Fermi Energia
Kalev Kallemets
CEO · Fermi Energia
Raul Reemet
Founder and Board Member · Solintel
Snjezana JOVANOVIC-FINIDORI
Co-Founder · HODLNG
Prism market signals · Estonia · country-scoped Prism corpus, 84,644 docs

Market landscape — 10 sub-themes by coverage

Share of Energy coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH FROM Tallinn · institutions

What Tallinn researches in energy storage

38 papersstance +0.6237% breakthrough3% concern
breakthrough · advancement · concern
local research themes
Microgrid Control and OptimizationAdvanced Battery Technologies ResearchSmart Grid Energy ManagementAdvanced DC-DC ConvertersHybrid Renewable Energy SystemsBuilding Energy and Comfort Optimization
top institutions
  • Tallinn University of Technology38
  • Tallinn University of Applied Sciences1
  • Tallinn University1

Common questions

How many Energy companies are there in Tallinn, Estonia?
Radar tracks 60 indexable Energy companies headquartered in Tallinn, Estonia that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Tallinn, Estonia?
The Energy companies in Tallinn, Estonia on this list have raised a combined $1B in disclosed equity funding across 9 funded companies.
Which is the highest-funded Energy company in Tallinn, Estonia?
Sunly is the highest-funded Energy company in Tallinn, Estonia, with $624.5M in disclosed equity funding.
How many Energy companies in Tallinn, Estonia are funded?
9 of the 60 Energy companies in Tallinn, Estonia on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Tallinn, Estonia?
None of the Energy companies in Tallinn, Estonia on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Tallinn, Estonia Energy companies?
The most active investors in Tallinn, Estonia Energy companies on this list include Europa, EIC Fund, Amalfi, United Partners, Beamline Accelerator.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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