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 convinced investors such as UVC Partners.

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

"The new capital will be used to grow the team, expand existing partnerships and prepare for entry into the European market," says Arthur Singer, co-founder and CEO of Stabl Energy. The company is also among 65 European startups 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 by Arthur Singer, Christoph Dietrich, Nam Truong and Martin Sprehe has since specialised in battery storage systems. These store electricity from solar and wind energy. Among other things, the start-up also uses discarded batteries from electric cars for the battery storage systems.