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Munich-based energy start-up PIONIERKRAFT has raised a high seven-figure
amount in its Series A financing round, led by First Imagine!, a
European venture capital firm focused on innovative solutions for a
sustainable future. With this investment, PIONIERKRAFT will expand its
energy-sharing solution for apartment buildings.
"When we founded PIONIERKRAFT in 2019, we saw an opportunity to build a
foundation for the energy transition in small and medium-sized apartment
buildings," says Andreas Eberhardt, CEO of PIONIERKRAFT. "This funding
will help us scale our network of partners and ramp up mass production
of our energy-sharing solution."
First Imagine! recognizes PIONIERKRAFT's growth potential and aims to
accelerate the renewable energy transition. "Partnering with
PIONIERKRAFT allows us to address the large sector of multi-tenant
buildings in Germany that has been excluded from rooftop solar
installations," says Alexander Starchenko, Managing Partner of First
Imagine!.
The financing will also support the launch of PIONIERKRAFTwerk 3.0,
setting new benchmarks in performance and ease of use, making the
solution even more compelling to landlords and encouraging the
decarbonization of Germany's apartment buildings.
PIONIERKRAFT has also welcomed Hartmut Michels, CEO of standata GmbH, to
its advisory board. Michels' experience in the housing and energy sector
will support the company’s growth and rollout of PIONIERKRAFTwerk. "The
PIONIERKRAFTwerk is a big step towards the Home Energy Management
System," Michels notes.
The Series A financing round was supported by Quantum Partners, an M&A
consultancy based in Munich specializing in corporate finance and growth
capital.
Contact:
PIONIERKRAFT GmbH
Agnes-Pockels-Bogen 1
80992 Munich
Daniela Schwendy
[email protected]
www.pionierkraft.de
Maisberger GmbH
Jennifer Appel/Julia Kirchhoff
Telefon: +49 (0)89 / 41 95 99-77, -55
E-Mail: [email protected]
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