Europe's climate tech unicorn scores massive US pension fund backing
20 dec. 2024
09:26
Hamburg-based solar installer 1Komma5° has landed a €150 million investment round led by the California State Teachers' Retirement System, proving that some segments of European solar are still hot despite wider industry struggles.
"We would like to get into an IPO window for 2026 if the market allows it," co-founder and CEO Philipp Schröder told Bloomberg.
The company – specialising in the installation and integration of renewable energy solutions, such as solar panels and energy storage systems – plans to use the fresh capital to expand its energy management software across Europe and Australia, writes Bloomberg.