4.5 million euros for Stabl Energy

The Munich-based start-up Stabl Energy wants to support the energy transition with battery storage systems. The idea has won over investors such as UVC Partners.

The Munich-based start-up Stabl Energy has raised 4.5 million euros in a seed financing round. The round was led by Energie 360's Swiss Smart Energy Innovation Fund, with other investors including the Initiative for Industrial Innovators and a number of business angels. The Munich-based venture capitalist UVC Partners is investing in Stabl Energy for the first time.

"The new capital will be used to expand the team, develop existing partnerships and prepare for entry into the European market," says Arthur Singer, co-founder and Managing Director of Stabl Energy. The company is also one of 65 European start-ups and companies to receive funding from the European Investment Council(we reported).

Stabl Energy has been in existence since 2019 and is based in Munich. The start-up from Arthur Singer, Christoph Dietrich, Nam Truong and Martin Sprehe has since specialized in battery storage systems. These store electricity from solar and wind energy. The start-up also uses discarded batteries from electric cars for its battery storage systems.