Since its founding in 2011, Tado has been developing smart thermostats and solutions to help its customers reduce their heating costs – by an average of 22 percent, according to the company. During this time, the company has also completed several financing rounds, most recently a Series H in January. a total of 55 million euros.
In addition to the smart thermostat business, Tado is now also active in the Flexibility marketing of electricity The market entry was achieved through the acquisition of the Vienna energy startup AwattarThe company's time-variable tariffs enable consumers to shift their electricity consumption to the greenest and cheapest hours. Combined with Tado's intelligent climate management solutions, this should enable consumers to significantly reduce their energy costs. To ensure successful implementation, Tado is bringing Philip Beckmann, an experienced energy industry manager, onto its team.
“Vision is more relevant than ever”
Philip Beckmann brings 20 years of experience in the European energy industry to Tado. After starting his career at the Boston Consulting Group, he has spent the past twelve years helping to shape the transformation of E.ON Energie Deutschland in various management positions. During this time, he says, energy efficiency has become a passion. Regarding his new position at Tado, he says: Philip Beckmann:
"The founders' vision of reducing energy costs in households through efficient energy management is more relevant than ever. The need has reached the broader public, and the leverage is huge. I'm delighted to be joining Tado at such an exciting time and to be part of the team shaping the next phase of growth. Efficient management of green energy – both our customers and the environment will benefit from this."
Toon Bouten, who had been CEO of the Munich-based company since 2017, commented on the end of his tenure at Tado as follows:
"I'm grateful to have been part of an exciting journey. Tado is now the European market leader in intelligent indoor climate management, a success we achieved together with a great team."
