Smart green startups you should know
Let’s get started. We are presenting the best smart green startups in energy, mobility and cities that have lots of traction. One after the other, we’ll be adding more startups including their most recent pitch videos on our YouTube channel Ecosummit TV. We think that these startups represent exciting business opportunities for buyers and sellers as well as investment opportunities for (C)VCs and family offices. Some of them have the potential to become smart green unicorns, others already did an exit but continue to be innovative business partners for utilities and other corporates. To get our attention pitch at the next Ecosummit and give an update on your startup to accelerate your growth and increase the number of term sheets in your next financing round.
Berlin-based Ubitricity is a startup that perfectly represents the convergence of energy and mobility. Their core product is a mobile electricity meter integrated in a smart charging cable that enables charging and billing of electric vehicles and other devices in the future. Currently, they have a lot of traction in London installing their low-cost solution in streetlights around town. On 14 November 2017, Ubitricity announced a new investment from Next47 with support of the business unit Siemens Energy Management and their echarging team. While the terms of the transaction are undisclosed, this is a major milestone and proof of competence for the mobile electricity startup.
At Ecosummit Berlin on 9 May 2017, Belgium-based Restore won Ecosummit Award Gold in the late stage category and was identified as a future smart green unicorn in our exciting panel discussion. On 3 November 2017, UK utility Centrica announced their acquisition of Restore for €70M. Most likely we played a role in this partnership as Restore’s advisor Bryan Garnier met the smart energy startup at Ecosummit. Post-acquisition Restore continues to be a leading demand response aggregator with over 1.7GW peak load under management and an even more trustworthy business partner for many utilities and corporates that want to make money in energy flexibility markets.
The heating market is an often-neglected but very important piece of the energy transition puzzle. Berlin-based Thermondo sells heating systems online and has an integrated workforce of installers driving branded vans around Germany to deliver and install more efficient heating systems at homeowners’ premises. We wrote about Thermondo’s Series B in 2015. Thermondo is growing super fast and, on 2 November 2017, announced a new €21M financing round adding Eneco and Vorwerk to their investor syndicate. Chapeau!
Tags: Centrica, Cities, Ecosummit, Ecosummit TV, electric mobility, Eneco, Energy, Jan-Willem Rombouts, Knut Hechtfischer, Mobility, next47, Philipp Pausder, Restore, Siemens, Smart Green Cities, Smart Green Energy, Smart Green Mobility, Smart Green Startups, Thermondo, Ubitricity, Vorwerk