Hamburg-based 1KOMMA5°, an energy solutions provider focused on solar power, energy storage, and e-mobility solutions, announced on Friday that it has secured €150M in a pre-IPO funding round.
“The new funding will enable us to execute our mission and serve millions of homeowners to switch from fossil fuels towards cheaper and cleaner energy,” says Philipp Schröder, CEO and co-founder of 1KOMMA5°.
The announcement comes over a year after raising debt capital from BNP Paribas, Deutsche Bank, and LBBW.
Earlier this month, the company received approval to provide frequency control power (FCR-D) in Sweden.
The company has thus reached an important milestone in grid stabilisation and is preparing for approval in other European markets.
Last month, the German company announced the spin-off of “Heartbeat AI” and an investment of €100M in the AI business unit.
Heartbeat AI
Last month, the company announced the spin-off of Heartbeat AI and an investment of €100M in the AI business unit.
1KOMMA5° Heartbeat GmbH, led by CTO Barbara Wittenberg and CPO Jannik Schall, is a subsidiary that brings together all software solutions.
It works with battery, charging, heat pump, and air conditioning manufacturers, as well as customers with existing systems.
The core of Heartbeat AI, which optimises the operation of 40,000 decentralised energy systems around the world.
This AI manages batteries, heat pumps, and EV chargers in homes and supports the electricity exchange.
By connecting tens of thousands of households to a virtual power plant, Heartbeat AI eases the load on the grid, saves customers money, and creates opportunities for extra income through intraday trading.
The more systems that are optimised with Heartbeat AI, the better the outcomes.
At the same time, 1KOMMA5° has started intraday optimization and expects this to further improve Heartbeat customers’ revenues by up to €1,000 annually.
1KOMMA5°: Operates energy software platform
1KOMMA5° was founded in 2021 by Jannik Schall, Micha Grueber, Michael Hinderer, Philip Liesenfeld, Philipp Schröder.
The startup aims to be the one-stop shop for sale, installation, and services related to solar, electricity storage, and charging infrastructure in Europe.
1KOMMA5° invests in top companies operating in the electrical sector, specifically focusing on photovoltaic systems, charging infrastructure, and heat pumps.
In exchange, the German company offers entrepreneurs access to their software solutions, centralised services, bundled purchasing, growth capital, and a reverse shareholding in 1KOMMA5° Holding.
The German company aims to convert 500,000 buildings per year to climate-neutral power generation, heat, and mobility.
1KOMMA5° currently operates 75 locations with around 2,400 employees in Germany, Sweden, Finland, Denmark, Spain, the Netherlands and Australia.
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