Hamburg-based energy start-up 1Komma5 Grad has received its first bank loans, totaling approximately €52.5 million, from BNP Paribas, Deutsche Bank, and LBBW, proving its creditworthiness as it prepares for a planned initial public offering (IPO) in 2025. The company, led by CEO Philipp Schröder, intends to use the borrowed capital primarily for acquisitions rather than relying on expensive equity. The start-up, which installs solar systems and offers a full suite of sustainable energy solutions, is already profitable, expecting a revenue of up to €500 million and an EBITDA of around €50 million this year. Valued at over $1 billion after a recent funding round, 1Komma5 Grad has achieved the rare ‘unicorn’ status in 2023.
1Komma5 Grad, a company established to promote sustainable energy solutions, has rapidly become a significant player in the green energy sector. It provides a comprehensive range of products and services, including photovoltaic systems, energy storage, electric vehicle charging infrastructure, and heat pumps. The company’s innovative approach also includes the “Heartbeat” platform, a smart energy management tool that optimizes the sale and purchase of electricity based on market prices. With a strong commitment to integrating hardware with its software platform and improving operational efficiency, 1Komma5 Grad is strategically approaching further acquisitions and technological investments to strengthen its market position ahead of its anticipated IPO.
BNP Paribas, Deutsche Bank und LBBW geben dem Hamburger Energie-Start-up knapp 53 Millionen Euro. Fremdkapitalfinanzierung soll das Unternehmen auch beim geplanten Börsengang weiterbringen.
Source: 1Komma5 Grad erhält auf dem Weg zum IPO erstmals Fremdkapital von Banken