Regran Renewable Energy Overfunded in Campaign on Finnexta

Finnexta, the crowdfunding platform of the Italian Chambers System managed by Innexta, has launched its second campaign, following that of Re-Lender (lending crowdfunding for businesses).

It is Sicilian Regran, an innovative SME and ESCo (Energy Social Company) specializing in the creation and installation of photovoltaic systems and energy-saving projects for private and industrial buildings.

The campaign, which has just started, has raised more than €400,000 in just a few hours, exceeding the minimum goal, and is now aiming for the maximum goal of €600,000.

Read more about Regran’s crowdfunding campaign and find the latest business news of the day with the born2Invest mobile app.

Regran was founded in 2007

Founded in 2007 by Marco Anfuso and Paolo Grande, two engineers with 20 years of experience in photovoltaics, Regran is active in Italy, Malta, and Brazil.

In Italy, it has developed grid-connected photovoltaic plants of more than 150 megawatts (MW) and is providing engineering services for plants with a cumulative capacity of more than 1,000 MW.

From 2020 to the present, the company has witnessed, thanks in part to revenues from its own plants, a consistent growth in turnover, which has increased in 5 years from about €700,000 to over €5 million in 2022 with a positive EBITDA of 10.45%.

Regran’s goals

Regran’s goal is to become one of Italy’s leading photovoltaic companies and to list on the stock exchange by 2028.

Regran intends to support its growth through the creation of a new investment holding company aimed at establishing new renewable energy plants throughout the country.

The capital raised through the current round will be used to establish a new business division that will invest in and develop green plants and projects with the involvement of small and medium-sized businesses, landowners, and citizens.

Danilo Maiocchi, managing director of Innexta said, “Our Board of Directors approved the Regran project in light of the great potential of the sector and the quality per business development project. But that’s not all: the results and growth in terms of production and revenues in recent years are hard facts.”

About Finnexta

Finnexta was created in June 2023, with the intention of being not a competitor but an ally of other Italian crowdfunding platforms.

Its proposal at the moment is focused on equity crowdfunding operations and will soon extend to lending and minibond issuance. The platform has already partnered with Aifi (Italian Association of Private Equity, Venture Capital_ and Private Debt) and Iban (Italian Business Angel Network).

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(Featured image by seagul via Pixabay)

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