1KOMMA5° Secures €150M to Revolutionize Home Energy with AI
German clean energy startup 1KOMMA5° has raised €150 million in pre-IPO funding, a significant milestone as it prepares for a public offering.
This investment, led by Sabanci Climate Ventures and supported by investors like Hamilton Lane and Porsche Ventures, will fuel the expansion of its Heartbeat AI platform, transforming how households in Europe and Australia access affordable, sustainable electricity.
With a focus on replacing outdated fossil-fuel utilities, 1KOMMA5° is redefining home electrification through innovative technology and a customer-centric approach.
Founded in 2021, 1KOMMA5° has achieved remarkable growth, reporting €520 million in revenue for 2024, a 36% increase from €450 million in 2023, despite a declining solar and heat pump market.
This organic growth highlights the company’s resilience in a challenging economic climate. Heartbeat AI, its flagship technology, optimizes real-time energy consumption and generation, enabling homeowners to purchase electricity at the lowest prices while prioritizing renewables.
By pooling over 300,000 household energy systems, it creates Europe’s largest virtual power plant (VPP), managing 500 megawatts of flexible capacity to stabilize grids and reduce costs.
Unlike traditional utilities, 1KOMMA5° charges a flat fee for Heartbeat AI rather than profiting from electricity margins, offering dynamic pricing that maximizes savings during market volatility.
This model sets it apart from competitors and aligns with its mission to democratize clean energy. The company’s debt-free status, with nearly €400 million raised and an unused €100 million credit line, underscores its financial strength.
Looking ahead, 1KOMMA5° plans to invest over €100 million from 2025 to 2027 to enhance Heartbeat AI and boost software revenue.
Serving over 120,000 customers across seven markets, the company aims to convert 1.5 million buildings to sustainable energy by 2030, supporting global climate goals.
This funding and its AI-driven strategy position 1KOMMA5° as a leader in the energy transition, with potential to reshape how consumers and businesses approach energy management, driving both cost savings and environmental impact.
FAQ
What is 1KOMMA5°’s Heartbeat AI?
Heartbeat AI is an energy management platform that uses artificial intelligence to optimize electricity use in real time, securing low-cost, renewable energy for households while contributing to grid stability through a virtual power plant.
How does 1KOMMA5°’s funding impact its IPO plans?
The €150 million pre-IPO funding strengthens 1KOMMA5°’s financial position and supports the expansion of its Heartbeat AI platform, positioning it for a successful public offering by enhancing its market leadership in home electrification.
