Business · Companies · 11 hrs ago
1Komma5Grad raises €70 million at a $1.35 billion valuation
Hamburg-based energy technology company 1Komma5Grad has raised €70 million from existing and new investors, bringing its valuation to $1.35 billion.
The company has been valued at more than $1 billion since 2023.
It sells equipment and software that help households manage electricity.
Its Heartbeat AI system can automatically control how homes generate, store and use power.
The company says demand for the system has risen as Germany plans to phase out payments for feeding electricity into the grid.
It plans to invest more than €100 million in Heartbeat AI next year and says it is considering entering the US market.
Its growth and business results next year will also help determine whether it makes another attempt to go public.
1Komma5Grad raised €70 million from existing and new investors, bringing its valuation to $1.35 billion.
The Hamburg-based energy technology company plans to use some of the funds to expand its AI-powered energy controls.
It expects to invest more than €100 million next year in Heartbeat AI, a system that automatically manages household electricity generation, storage and use.
The company said orders in Germany rose by almost 50 percent in September, as the planned gradual end of feed-in tariffs boosted demand for Heartbeat AI.
Co-founder and chief executive Philipp Schröder said the company is considering expanding into the United States next year.
- Who
- Hamburg-based energy technology company 1Komma5Grad, led by co-founder and chief executive Philipp Schröder.
- What
- It raised €70 million from existing and new investors, reaching a valuation of $1.35 billion.
- When
- The company announced the funding on Monday; the article was published on October 12, 2026.
- Where
- 1Komma5Grad is based in Hamburg, Germany. It operates in seven countries.
- Why
- It plans to use some of the funding to expand its AI-powered controls and invest in Heartbeat AI.
This story does not have two clearly opposing sides.
The company was founded.
1Komma5Grad had reached a valuation of more than $1 billion and was considered a unicorn.
The company abandoned plans for a US Nasdaq listing amid uncertainty over US energy and trade policy.
Handelsblatt reported that the company had raised €70 million at a $1.35 billion valuation.
- Funding raised
- €70 million
- Valuation
- $1.35 billion
- Heartbeat AI investment planned for next year
- More than €100 million
- Countries of operation
- Seven
- Employees
- 3,000
What people are saying
We are considering entering the US market because we see how much drive there is and how much interest from investors there actually is.
Sources
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