[Funding alert] Hamburg Unicorn 1KOMMA5° Secures Further Funds for carbon neutral energy

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With a focus on photovoltaic systems, infrastructure for charging, and heat pumps, 1KOMMA5° invests in electrical sector companies while providing the entrepreneurs with growth capital, the use of its own software solutions, centralized services, bundled purchasing, and an inverse shareholding in 1KOMMA5° Holding in exchange.

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Additionally, it runs an imaginary power plant that combines and connects photovoltaics, electricity storage, heat pumps, and charging columns from clients, significantly increasing the profitability of connected customer systems.

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The money will be utilized by 1KOMMA5° to broaden its "Heartbeat"-centered software applications and open a new R&D facility in Berlin with over 100 staff members who will focus on software and product development as well as a test lab.

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Philipp Schröder, co-founder and CEO of 1KOMMA5°, shared: “We’ll use this funding to further refine our ‘Heartbeat’ software to come closer to our goal of living on wind and sunlight forever for free. Currently, we can already control charging stations for electric cars, electricity storage or heat pumps in such a way that we can guarantee an average electricity price of 15 instead of 40 ct/kWh, but that is not the end. We want to reduce the costs of Heartbeat-connected systems to 0 ct in the medium term. But this requires constant further development.”

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At the moment, 1KOMMA5° employed about 1,500 people across 65 locations in Germany, Sweden, Finland, Italy, Denmark, Spain, and Australia. In June of this year, the business acquired the Danish solar company Viasol A/S.

About 1KOMMA5°

Entrepreneurs and business professionals generated 1KOMMA5° in the summer of 2021 with the goal of making buildings completely CO2 neutral through the use of solar energy, heat pumps, and charging infrastructure.

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By offering technologies for distributed, sustainable energy, mobility, and heat supply, this is put into reality. The dynamic power tariff "Dynamic Pulse" and intelligent energy management system "Heartbeat" enables 1KOMMA5° to consistently provide the least expensive and cleanest solar and wind energy.

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