Rabot Energy Secures $50 Mn to Connect Home Batteries Into a Virtual Power Plant

The company aims to reach one million customers by helping households use electricity more efficiently and supporting Germany’s shift towards renewable energy.

The funding round was led by Endeit Capital, with investment from Germany’s DeepTech & Climate Fonds (DTCF) and existing investors, including HV Capital, High-Tech Gründerfonds (HTGF), Bosch Ventures, CNI, Acurio Ventures and vent.io.

“The next generation of power plants will not be built, it will be interconnected. In millions of households, there is a huge, previously unused potential: not only to consume energy, but to integrate it intelligently into the overall system. With the Series B, we turn individual households into a network that stabilizes the electricity system, accelerates the energy transition and, by the way, significantly lowers our customers’ electricity bills,” says Jan Rabe, CEO of Rabot Energy.

“The energy transition in Germany comes to a point where flexibility becomes just as important as the expansion of renewable energies. Rabot creates the conditions for actively involving millions of households: they can help to stabilize the power grid and at the same time benefit from it. Jan Rabe and his team have built a profitable core business and have the technology that can be used to intelligently manage electricity demand on a large scale. It is precisely this combination that an energy system that is increasingly based on renewable energies needs. We are proud to lead this financing round,” says Sara Resvik, partner at Endeit.

“Rabot Energy addresses a key challenge of the energy transition: With innovative energy tariffs and a smart energy management platform, the company enables households to benefit from the dynamics of an increasingly volatile energy market. Jan and his team convinced me with their ambitious vision, their outstanding implementation strength and their tireless commitment right away. We are very pleased to support you as a partner in this way," comments Dr. Anne Hinze, Senior Investment Manager at the DTCF.

Rabot Energy is a digital energy supplier in Germany that has offered flexible electricity tariffs since 2021. The company provides electricity from 100% renewable sources and uses AI to help households manage their energy use and reduce electricity bills.

More than 200,000 customers already use Rabot Energy’s smart energy platform to make their electricity use more efficient and affordable.

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