Munich 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 at times when prices are low. The Ecoplanet platform uses analytical methods and artificial intelligence to make companies pioneers of the energy transition and supports 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 financing round of €16 million is an important milestone in our company’s development. Rising and volatile energy costs have become a serious threat to European companies and seriously endanger their competitiveness. Our software enables companies to reduce costs significantly and remain competitive in the long term.”
“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 manual effort in meeting regulatory requirements. According to the company, a large number of customers have already reduced energy costs by 20 percent and workload by 60 percent in the first year. Henry Keppler, co-founder of Ecoplanet, explains:
“Energy markets are undergoing fundamental change. Renewable energies already account for over 50 percent of total electricity generation in Germany and ensure that integrated energy management has become essential. It’s comparable to private households where an electric car is charged when solar output is high: companies too must flexibly adapt their energy consumption to availability. Ecoplanet enables companies in Germany and beyond to consume energy when it is cheap and available.”
Market demand met by Ecoplanet solution
EQT Ventures is investing in the tech company in this round and will also provide Ecoplanet with expertise 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 companies across Europe. Their innovative approach meets an urgent market need and we look forward to accelerating growth further.”
In addition to EQT, HV Capital has also invested in the Munich company again and expanded its support further. 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 advance the company and build a product that solves a fundamental problem for European companies is impressive. Together with EQT Ventures, we look forward to accompanying the next chapter of their success story.”
