Ecosummit TV: Our smart green innovation community is making deals and sharing breaking news at Ecosummit. During their ECO16 Berlin presentation, Petr Mikovec and his Inven Capital team announce their €20M investment in Tado, one of the fastest-growing smart green startups in Germany. The Munich-based late stage startup provides climate control services to households by controlling heating and air conditioning systems. Tado was founded in 2011, pitched at Ecosummit Berlin 2012 for the first time and grew their team to 100 employees. Inven originally contacted Tado in 2015 and wanted to join the last round but it was too late. Eager to get into the deal, Inven today invests alone at a higher valuation than Tado’s last financing round of €15.2M in October 2015. The existing shareholders Siemens Venture Capital, Statkraft Ventures, Target Partners, Shortcut Ventures and BayBG did not participate again and accepted dilution. Christian Deilmann, CEO of Tado, comments: “We currently have a lot of traction growing at 400% annually in 12 European markets, USA and Singapore. Although we are well-funded thanks to our last round in autumn 2015, Inven Capital presented a great opportunity to strengthen our position in Central and Southeastern Europe and further accelerate our growth and innovation leadership. Our goal is an IPO in a couple of years.”Read more
Yesterday, 15 August 2011, Google announced its acquisition of Motorola Mobility for $12.5B. At $40.00 per share this equals a premium of 63% compared to the closing price of the Motorola share on Friday. Given that I entered the Mobile Economy back in 2000 and went green in 2010, I want to comment on the impact of the Google-Motorola deal for the Mobile Economy and the Smart Green Economy which are growing together faster than ever. This deal makes Google really powerful but it will also make the users more powerful due to ubiquitous intelligent devices enabling a more sustainable lifestyle.Read more
Going smart green now should be our motivation on all levels. For the smart green transformation I propose a strategy based on 7 pillars. This strategy has to be elaborated into a full-featured global master plan. I invite everybody to contribute to the elaboration of the global master plan and to join its execution.
1. Our global goal should be the fast transformation to the Smart Green Economy.
2. Cities are the epicentre of economic activity and must go smart green now.
3. Companies should adopt smart green strategies offering sustainable products and services.
4. Fast cost reduction of smart green technologies is the key leverage for the mass market.
5. We have to change our lifestyle and become smart green consumers.
6. We have to shift political and financial power to the United Nations.
7. Huge investments of human and financial capital are necessary.
Let’s start now, improve continuously, measure our progress every year and use open innovation and transparent communication so that we can learn from each other. Let’s share our ideas and know-how online on a global scale.