The Munich-based startup eluminocity builds high-quality charging stations for electric cars, intelligent street lighting, and smart city sensors. The Munich-based startup has now received its first funding.
Good news at eluminocity: The Munich-based smart city startup's first financing round has been successfully completed. The two newly acquired strategic investors are each investing 17.5 percent in eluminocity as part of a capital increase. Trilux The German market leader for technical lighting and the innovative Essen-based energy group innogy SE want to further open the doors to the smart city market for the Munich and Denver-based startup. With the new capital, the Munich-based startup will further advance its technological development and internationalize sales beyond Europe and the USA.
Two strong partners on board eluminocity
Sebastian Jagsch founded the company in early 2014. With BMW as its first cooperation partner, eluminocity developed the modular "Light & Charge" system to transform streetlights into charging stations for electric vehicles. Within three years, the now 30-person team has built a comprehensive portfolio of freestanding charging stations for electric vehicles and sensor solutions for demand-based street lighting. Sebastian Jagsch, CEO of the company, on the latest developments:
“We are pleased to have two strong and strategic partners on board, Trilux and innogy, with whom we can further advance both charging station solutions for electric cars and smart city sensor technology.”
In addition, work is underway on measuring environmental factors and recording other key factors in a smart city. Eluminocity has already implemented successful projects in Seattle and Munich, among other places, as well as initial pilot projects in Singapore and Hong Kong. This is the startup's first round of financing. The company has been built up through project and partner contracts to date.
