German Energytech Unicorn 1KOMMA5° Hits $1.35B Valuation, Eyes Energy AI Push
Hamburg-based 1KOMMA5° raised €70m and plans to invest more than €100m in its Heartbeat energy AI platform in 2027, while US expansion and an IPO remain under review.
AfroEuropa Newsroom
AfroEuropa desk
German energytech company 1KOMMA5° has reached a valuation of $1.35 billion following its latest financing round, which included €70 million in fresh capital, according to Sifted and Tech.eu.
The Hamburg-based firm plans to invest more than €100 million in 2027 in its AI-driven energy management platform, Heartbeat. According to Tech.eu, Heartbeat AI is built to automate energy management tasks such as electricity trading, billing and metering, forming part of the company's wider push into home electrification.
1KOMMA5° is also weighing an expansion into the United States next year. Speaking to Reuters, chief executive Philipp Schröder cited strong investor interest as a factor behind the possible move. Schröder said the company was considering entering the US market because of the level of drive and investor interest behind it.
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