The new round was led by G2VP, a California-based VC firm investing in emerging technology companies that digitise traditional industries.
1KOMMA5° also announced the appointment of Ben Kortlang as Vice-Chairman of their board, reports The SPIEGEL.
With the new funding, the German climate tech startup plans to further fuel the vertical integration of its energy management technology that helps homeowners optimise their energy demand.
Having already expanded into six new markets with the acquisition of Viasol, 1KOMMA5° also plans to continue its expansion further into Spain, Italy, Austria, and Switzerland by the end of 2023.
With the new funding and planned market expansion, 1KOMMA5° is on a mission to make sustainable energy solutions available to a wider customer base across Europe and make cleaner energy a mainstay in these markets.
