5 most well-funded energy startups in Europe to watch out for in 2019

5 most well-funded energy startups in Europe to watch out for in 2019

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Our way of generating, storing and distributing energy is undergoing a massive change. Plus, the collective public consciousness regarding climate change has risen to a new level.

The startups in the energy sector are increasingly under pressure to find and implement innovative technologies in order to adapt their existing business models. While the global demand for energy is set to increase in the upcoming days, fossil fuels are expected to dominate the energy landscape for at least the next twenty years.

Having said that, the future is inclined towards decentralised energy solutions that are environmentally friendly, digital and decarbonised. Emerging technologies like Artificial Intelligence, IoT and Big Data will play a significant role in this.

At this point, here are the top 5 energy startups that will shape the future of things to come in the energy industry.

Bulb – € 72M

Bulb is a startup energy supplier that provides 100% renewable electricity and gas to homes across the UK. Founded by Amit Gudka and Hayden Wood, Bulb is on a mission to make energy simpler, greener and cheaper. Based out of London, Bulb has raised a total of £60M in funding over 2 rounds. Their latest funding was raised on Jul 30, 2018, from a Venture – Series Unknown round.

Sonnen GmbH – € 60M

Founded by Christoph Ostermann and Torsten Stiefenhofer, Sonnen designs and manufactures the fully integrated sonnenBatterie smart energy storage systems. This company is on a mission to provide clean, affordable, and reliable energy for all. It also offers different system sizes, optimally customized to the requirements of residential homes, agricultural farms and commercial firms. Sonnen has raised a total of $168.5M in funding over 6 rounds. Their latest funding was raised on May 23, 2018, from a Series E round.

Climework – € 27M

Climeworks is a Zurich-based company that was spun out of ETH Zurich by the two founders, Christoph Gebald and Jan Wurzbacher, in 2009. The company captures CO2 from the air with the world’s first commercial carbon removal technology. It captures atmospheric carbon with a filter, using mainly low-grade heat as an energy source. It has secured € 27M in funding.

Tado – € 98.1M

Tado is a Munich based Tech Startup bringing the Internet of Things into the Cleantech Market. It was founded by Christian Deilmann, Johannes Schwarz, Valentin Sawadski and Leopold von Bismarck in 2011. The company strive to create solutions that optimize energy consumption at home without sacrificing comfort. Tado has raised a total of € 98.1M in funding over 6 rounds. Their latest funding was raised on Oct 25, 2018, from a Series F round.

Cityscoot – € 40M

Founded by Bertrand Fleurose in 2014, Cityscoot provides a service of shared electric scooters. Cityscoot plans on using the same design to accommodate other French and European cities. Cityscoot has raised a total of €55M in funding over 2 rounds. Their latest funding was raised on Feb 6, 2018, from a Series B round.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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