1Comma5 buys again

The 200-million-euro start-up is taking a stake in another long-established company with the aim of expanding its heat pump business.

The start-up 1Komma5 is entering into a strategic investment and buying into Gerhard Liedtke GmbH, based in Hildesheim, a company for heat pumps and photovoltaic systems. This is reported by PV Magazine with reference to the company. The amount of the investment is not yet known. It is now the thirteenth investment of the climate start-up.

Philipp Schröder, Micha Grüber and Jannik Schall founded the company only about a year ago, but have already raised 200 million euros from well-known investors, including Porsche Ventures and Btov Partners. The start-up focuses on acquiring stakes in smaller electrical businesses and connecting them to its network or platform. The businesses then install solar systems, electricity storage, heat pumps and charging infrastructure at the startup's customers' homes.

"For us, this entry is a very important step in delivering on our promise to offer all CO2-neutral technologies for electricity, heat and mobility in buildings from a single source," says Philipp Schröder, head of 1Komma5. "Through our entry, we now want to greatly expand the business together and thus also enable our locations in Göttingen, Lingen, Münster, Lüneburg, Hamburg, Bremerhaven, Berlin, Potsdam and Bremen to offer heat pumps in their region, while we further strengthen our offering for NRW from Remscheid," Schröder adds.