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.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingRelated companies
Investor
2011
München
UVC Partners
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm investing in European B2B startups in the fields of Enterprise Software, Mobility and Industrial Technologies.
Startup
2019
München
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
