Christoph Ostermann pitches Sonnenbatterie at ECO14 London
Ecosummit TV: Christoph Ostermann pitches Sonnenbatterie at ECO14 London. Since then a lot has happened to the famous solar storage startup from Bavaria. Just 2 days ago, Sonnenbatterie was chosen in New York as New Energy Pioneer 2015 by Bloomberg New Energy Finance. In December 2014, Sonnenbatterie raised €7.5M Series B from Munich Venture Partners, SET Ventures and Ecapital, bringing up the total capital raised to €10.5M. With 2014 revenues of €15M, Sonnenbatterie turns out to be very capital efficient. Moreover, a new management team was hired including COO Oliver Koch (Paramount Solar, acquired by Solarcity), CTO Hermann Schweizer and US Country Manager Boris von Bormann, a very smart and well connected German living on the West Coast for 25 years. In fact, Sonnenbatterie USA will officially launch at Intersolar San Francisco on 14-16 July 2015 and currently works on adapting their battery system to the local market and finding strong production and distribution partners. Christoph plans the Series C in 2016 and wants to bring in American co-investors while keeping the HQ in Germany for the foreseeable future.
The ECO14 London presentation slides of Christoph are available as PDF.
Tags: Bloomberg New Energy Finance, Boris von Bormann, Christoph Ostermann, eCapital, ECO14 London, ECO15 Award Nominee, Ecosummit London 2014, Energy Storage, Hermann Schweizer, Intersolar San Francisco 2015, Munich Venture Partners, New Energy Pioneer 2015, Oliver Koch, SET Ventures, Smart Green Startup, Solar Battery, Solar Storage, Solarcity, Sonnenbatterie, Tesla