Hamburg-based start-up 1KOMMA5° has achieved unicorn status, reaching a valuation of over $1 billion just 23 months after its launch. With G2VP as its new lead investor and Ben Kortlang as Vice-Chairman of the board, 1KOMMA5° is a testament to the team’s unwavering dedication and commitment to sustainable energy.
1KOMMA5° has raised an impressive €215 million, surpassing its target volume of €150 million through oversubscription. With an extra €215 million in re-participation options, the start-up will continue its mission to revolutionize the sustainable energy landscape and shape a brighter, cleaner future for all.
Heartbeat, 1KOMMA5°’s energy manager, enables users to optimize energy demand in their homes, while their app provides real-time access to energy flows and historical data, keeping all energy system information in one place. The start-up has allocated significant investment towards R&D in Berlin, aiming to catalyze advancements in energy management, virtual power plants, and device connectivity, with a special focus on IoT energy management system Heartbeat.
1KOMMA5° has also acquired Viasol, expanding its reach into six new markets and setting the stage for continued expansion into Spain, Italy, Austria, and Switzerland by the end of 2023. In collaboration with regional expert companies across 40 locations in Germany, Sweden, Finland, and Australia, 1KOMMA5°’s climate-neutral energy solutions aim to reduce carbon footprints while providing energy cost savings.
By 2024, Heartbeat will be compatible with existing energy devices, enabling 1KOMMA5° to create the largest virtual power plant, solidifying its position in shaping a sustainable energy future.
Overall, 1KOMMA5°’s unicorn status and commitment to sustainable energy solutions represent an exciting step forward in the green revolution. By prioritizing innovation, technology, and accessibility, 1KOMMA5° is paving the way for a cleaner, greener future for all.
