The Munich-based tech company Ecoplanet has secured €16 million in a Series A round led by EQT Ventures. The winner of the “Munich Startup Special Prize” 2024 enables companies to optimize their electricity consumption. Given fluctuating electricity prices, consumption is concentrated during periods of low prices. The Ecoplanet platform uses analytics and artificial intelligence to help companies become pioneers of the energy transition and support them in implementing sustainable energy management strategies. The company was founded in 2022 by Henry Keppler and Maximilian Dekorsy. The latter commented on the successful Series A:
"This €16 million financing round is an important milestone in our company's development. Rising and volatile energy costs have become a serious threat to European companies and severely jeopardize their competitiveness. Our software enables companies to significantly reduce costs and remain competitive in the long term."
“The energy markets are undergoing fundamental change”
The Ecoplanet Cockpit aims to revolutionize energy management by enabling additional savings, automated processes, and data-driven decisions, while also reducing the manual effort required to comply with regulatory requirements. According to the company, numerous customers were able to reduce energy costs by 20 percent and workload by 60 percent in the first year. Henry Keppler, co-founder of Ecoplanet, explains:
"The energy markets are undergoing a fundamental transformation. Renewable energies already account for over 50 percent of total electricity generation in Germany, making integrated energy management essential. It's comparable to private households charging electric cars when solar power is high: Companies, too, must flexibly adapt their energy consumption to availability. Ecoplanet enables companies in Germany and beyond to consume energy when it's cheap and available."
Market demand is met by Ecoplanet solution
EQT Ventures is investing in the tech company in this round and also intends to provide Ecoplanet with know-how and access to an extensive network of industry partners. Sandra Malmberg, partner at EQT Venture, says:
"We are proud to support Ecoplanet in redefining energy management for businesses in Europe. Their innovative approach meets an urgent market need, and we look forward to further accelerating their growth."
In addition to EQT, HV Capital has also invested again in the Munich-based company and further expanded its support. Felix Klühr, General Partner at HV Capital, is enthusiastic:
"Our investment in Ecoplanet almost two years ago has exceeded our expectations. The team's ability to rapidly develop the company and build a product that solves a fundamental problem for European companies is impressive. Together with EQT Ventures, we look forward to supporting the next chapter of their success story."
