- 11
- October
2022
Smart green startups you should know
Your deal flow is on Youtube. We’re happy to present the best smart green startups in energy, mobility and cities that pitched at Ecosummit Berlin in the past 4 years on Ecosummit TV: Sunfire, 1KOMMA5°, First Light Fusion, Instagrid, Nexwafe, Dendra Systems, Electrochaea, Ineratec, Kiwigrid, CorPower Ocean, LiveEO, VoltStorage, Aerones, Sunvigo, ESFORIN, Enspired, Mixergy, Ecoworks, Wirelane, Roofit.solar, DEPsys, Energyworx, Vyntelligence, EcoG, Epilot, Einhundert, Node.energy, Solytic, Ezzing Solar, Ubiq, Eliq, Blixt, Eologix, Installion, Lumenaza, Exnaton, Scone, Dexter Energy, Energiency, Grid Edge, Elaphe, PowerUp, Volytica Diagnostics, Omniflow and Epishine. These hardware and software startups represent exciting investment opportunities with environmental, financial and strategic returns for (C)VCs and family offices. All of them work hard to generate big climate impact and many of them have the potential to become smart green unicorns made in Europe. Pitch at Ecosummit Berlin 14-15 June 2023 to tell your startup growth story and increase the quantity and quality of the term sheets in your next financing round.
Read more- 12
- October
2021
Nexwafe raises €39M Series C led by Reliance Industries
Solar is the most economic renewable energy on planet Earth. India is the second-most populous country with 1.38 billion inhabitants. On 24 June 2021, Mukesh Ambani, India’s most successful entrepreneur, Forbes top 10 (€86B) and majority owner of Reliance Industries, promised the shareholders to invest €8.6B in the next 3 years to build a new energy business powered by 4 vertically integrated giga factories for solar systems, batteries, green hydrogen electrolysers and fuel cells. On 10 October 2021, Reliance made the first move and acquired the solar manufacturer REC for €667M. Fitting well into Ambani’s ambitious solar strategy, Nexwafe today announces the first closing of their €39M Series C led by the subsidiary Reliance New Energy Solar. Aramco Ventures, Innoenergy and other co-investors participate in the round enabling Nexwafe to further develop and market its green solar wafer manufacturing technology. Next to investing a ticket of €25M, Reliance plans to license and deploy Nexwafe’s technology in its new solar giga factory. This is a strategic proof of scalability for Nexwafe’s green solar wafers.
Read more- 5
- October
2021
Roofit.solar raises €7.85M Series A led by BayWa r.e. Energy Ventures
The Tesla solar roof now has a strong competitor in Europe. Today, Roofit.solar announces its €7.85M Series A (€6.4M new capital and €1.45M converted loans) led by BayWa r.e. Energy Ventures and supported by an outstanding group of Estonian co-investors. The co-investor syndicate includes the family office of Priit Piilmann (largest shareholder of Viru Keemia Grupp), Taavet Hinrikus (Co-founder of Wise, recently listed on LSE) and Sten Tamkivi (ex-General Manager at Skype Estonia), Spring Capital and Helmes Investments. We’re super happy about this transaction because Ecosummit advised the 3 co-founders of Roofit.solar during the 9-month fundraising process and successfully introduced the German lead investor BayWa r.e. Energy Ventures, the main piece in the Series A puzzle.
Read more- 7
- September
2021
Ecosummit Berlin 8-9 September 2021
It is our big pleasure to invite you to Ecosummit Berlin 8-9 September 2021, our invitation-only 100% physical conference optimised for outdoor networking – exactly what we missed the most during the pandemic. The amazing agenda presents 83 speakers including 52 startups. We’re super grateful for the support of our wonderful 38 sponsors. Check out our 183 participants and join us to start arranging your meetings at Ecosummit Berlin with the help of Linkedin. Private tickets are available for €2.000 + VAT for investors and €1.000 + VAT for startups and may be ordered by email. If you like the deal, please send us an email to request your invitation to Ecosummit Berlin 8-9 September 2021 telling us who you are and why you want to take part. We look forward to hosting you and accelerating smart green startups together. It’s going to be magic.
Read more- 24
- August
2021
Installion raises €4M Series A led by Eneco Ventures
The energy transition is a hands-on job because somebody has to install all the hardware needed for making, storing and charging solar energy at the customers’ premises. It turns out that finding a good installer can be anything from very tough to simply impossible. In other words, installation is the bottleneck if we want to reach 100% renewables. For the founders among us it’s an obvious startup opportunity. Installion is the installation service provider for the energy transition helping utilities and other solar companies with qualified manpower onsite and on time. On 25 February 2021, we introduced Installion to Eneco and other smart green VCs to find the best lead investor, the main piece in the Series A puzzle. After watching Florian’s online pitch at Ecosummit Zoom 10 March 2021, Eneco was hooked and due diligence started. The deal closed end of July and today we’re breaking the news that Eneco Ventures invests a ticket of €3.2M leading Installion’s €4M Series A. At the same time, Ecosummit gets 1 assist on the startup VC matchmaking scoreboard which proves our value and track record.
Read more- 21
- August
2021
Alantra’s new Klima fund invests in Mainspring
Smart green energy startups in Europe raising Series B or later rounds now have one more financial VC to go to in Madrid. The new late stage VC fund is called Klima (climate in German), focuses on hardware and software startups accelerating the energy transition and achieved its first closing at €80M on 7 June 2021. Klima’s capital is committed by powerful Spanish LPs including the listed investment bank and asset manager Alantra (€18M commitment), the gas corporate Enagás (€30M), the state-owned bank Instituto de Crédito Oficial (€15M), the renewable energy developer Capital Energy (€2M), the German family office Blueworld Group and other undisclosed institutional investors. On 12 July 2021, Klima announced its first investment in Sillicon Valley-based Mainspring, expanding their $95M Series D to $108M together with other investors entering the massive round at the last minute. GP Lucille Bonnet will pitch Klima at Ecosummit Berlin 8-9 September 2021.
Read more- 10
- August
2021
Wirelane raises €18M Series B led by Abacon Capital
Ubiquitous electric mobility and EV charging play an important role to save our climate and planet and this is the decisive decade to limit global warming to 1.5°C. By 2030, Transport & Environment’s Road2Zero scenario forecasts a need for 2.9 million public EV chargers in the EU. Just-in-time, Wirelane raises €18M Series B (€12.1M fresh capital and €5.9M converted loans) to accelerate its growth and contribute to rolling out more EV charging stations. The B round is led by Abacon Capital, the investment arm of the Büll family office in Hamburg. Early investors in Wirelane include Vito Ventures, HTGF and Coparion. Founded in 2016, Wirelane employs 40 emobility experts in Munich and Berlin and targets €5M+ revenues in 2021. Among the B2B customers are BMW and Vattenfall.
Read more- 8
- June
2021
Lumenaza raises €6.5M Series B from First Imagine and Tom Wolf
Smart green utility-in-a-box: Today Lumenaza announces the successful closing of their €6.5M Series B, led by First Imagine and the family office of Tom Wolf. The existing investors Future Energy Ventures and IBB Ventures made follow-on investments while EnBW New Ventures exited after a holding period of 5 years. The new capital enables the Berlin-based startup to accelerate its growth and international expansion and further develop its energy-as-a-service platform and services. Lumenaza is specialised in enabling new utilities and energy communities. Customers include E.ON, SMA and Envision Digital and partners include Greencom Networks. The software-as-a-service startup pitched at Ecosummit Berlin 2014 for the first time and, recently, at Ecosummit Zoom 3 November 2020 and Ecosummit Zoom 21 April 2021.
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