SpotmyEnergy, a Cologne, Germany-based cleantech startup, raised €10.5M in Seed funding.
The round was led by Norrsken VC with participation from Vorwerk Ventures alongside existing investor Picus Capital.
The company intends to use the funds to strengthen its core team, expand its sales capacities, and to accelerate the development of its system for optimizing connected households, focusing on compatibility with devices from various manufacturers and on the implementation of intelligent trading algorithms for managing residential battery storage.
Led by CEO and Founder Jochen Schwill, SpotmyEnergy provides a digital and intelligent metering platform which integrates small systems into the energy market to add value to networked energy producers and consumers by bringing transparency to energy flows and taking care of metering, system optimisation and trading. The system includes a smart meter, energy management system, and time-of-use electricity tariff. By using it, users save on energy costs and enhance the value of home storage systems, electric vehicles, heat pumps, and rooftop solar installations.
Since inception, SpotmyEnergy built a network of over 50 electrical installation partners.
FinSMEs
11/12/2024