In addition to lead investor Bonventure, Proptech1, Beate Fastrich, and Christoph Behn are participating in 42watt's pre-seed round via the business angel club Better Ventures, as well as business angels Kristofer Fichtner and Felix Jahn. The funds will be invested in expanding the product portfolio and intensified marketing activities.
The Munich-based Cleantech startup was founded at the end of 2021 by Jörg Überla, Mario Speck, and Marcus Dietmann. The startup's name derives from its goal of reducing the energy consumption of real estate per square meter to below 42 kWh per year. This limit is necessary to achieve the climate targets for the building sector by 2045.
“42watt shows how to create incentives for property owners”
The startup's platform supports property owners from researching potential renovation measures to their actual implementation. Customers also receive a government-funded, customized renovation roadmap and an additional 5 percent government subsidy on many of the renovation measures listed in the roadmap.
"Rising energy costs and the consequences of climate change increase the urgency for action. We therefore want to make it as easy as possible for every owner to set a course toward climate-neutral buildings. The building sector, in particular, is an important lever for achieving our societal climate goals,"
says founder and CEO Jörg Überla of 42 watts. Tina Dreimann, founder and managing director of Better Ventures adds:
"With an energy transition in private households, we can leverage significant potential in the housing stock and make an important contribution to climate goals. The current process is far too slow, often analog, and fraught with friction. 42watt's solution exemplifies how to create incentives for property owners: through a simple, digital, and, above all, efficient process."
