Porsche Invests in German Startup Aiming to Be One-Stop Shop for Carbon Neutral Homes

A New Era of Sustainability

Porsche’s venture arm has taken a significant step towards a carbon-neutral future by investing in 1Komma5°, a German startup that aims to make households sustainable and efficient. The investment is a departure from Porsche Ventures’ typical focus on mobility tech and underscores its ambition in the area of smart cities and sustainability.

The Investment

Porsche Ventures has taken a minority stake in 1Komma5°, but the amount of the investment was not disclosed. This investment follows a series of deals made by Porsche Ventures in the past two years, including Israel-based sensing technology startup TriEye, online electric micromobility dealership RidePanda, and virtual sensing startup Tactile Mobility.

A New Approach to Sustainability

1Komma5° is taking an innovative approach to sustainability by offering households everything they need for a carbon-neutral home. This includes energy storage, charging infrastructure for electric vehicles, and solar. The company’s founders, Micha Grueber and Philipp Schröder, have a unique understanding of the challenges facing the industry.

A Decentralized Energy World

As companies focus on selling individual components such as solar or energy storage, 1Komma5° is addressing the need for integration. In an interview, Schröder emphasized that there will be issues in a decentralized energy world if every home has multiple systems that do not communicate with each other.

The Solution

1Komma5° aims to bring everything together through its software and acquisitions. The company is seeking to buy leading electrical installation companies in Germany, which focus on renewable energies such as solar, heat pumps, and energy storage. 1Komma5° provides enterprise software for these companies to handle administrative tasks and customer-relationship management as well as energy management software that ties charging, solar, and energy storage together.

Interconnecting Components

What makes 1Komma5°’s business interesting is its plan to interconnect components like solar and energy storage at the home level and at the grid level. This approach has the potential to create a more efficient and sustainable energy system.

Acquisitions and Expansion

The young startup has made five acquisitions so far through cash and stock deals. 1Komma5° plans to use €100 million in cash and stock over the next two years to acquire more renewable energy-focused installation companies. The company is targeting installation companies with revenue between €5 million and €20 million and skilled labor.

The Impact

Porsche Ventures’ investment will help 1Komma5° expand its operations, including opening retail locations that embody a premium Apple design-like vibe. These showrooms will allow potential customers to learn about the essential building blocks of a carbon-neutral home.

A Sustainable Future

As the world grapples with climate change, companies like 1Komma5° are leading the charge towards sustainability. With Porsche Ventures’ investment, 1Komma5° is well-positioned to make a significant impact in the industry.

Related Topics:

• 1Komma5°
• Carbon Neutral
• Sustainability
• Smart Cities
• Energy Storage
• Charging Infrastructure
• Solar

Recommended Reading:

• Porsche Ventures Invests in TriEye, a Sensing Technology Startup
• RidePanda Raises $10 Million for Electric Micromobility
• Tactile Mobility Raises $5 Million for Virtual Sensing Solutions

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