Porsche invests in 1Komma5°

The start-up 1Komma5° wants to create a network of craftsmen in the energy sector. With the idea it convinced the car manufacturer Porsche.

Porsche Ventures has invested in the Hamburg-based start-up 1Komma5°. According to information from the Frankfurter Allgemeine Zeitung the investment arm of the car manufacturer and some unspecified family offices have invested around 100 million euros in the energy start-up.

"The core idea of 1Komma5° is that anyone can make their house climate neutral and even save money in the process. With Porsche's support, we want to become the backbone of the change to decentralized and renewable energies," says 1Komma5° co-founder and managing director Philipp Schröder. The start-up plans to use the capital to invest more than 100 million euros in acquisitions of climate-neutral companies over the next two years. It also plans to open showrooms in Hamburg and Lingen an der Ems next year.

1Komma5° was founded by Philipp Schröder, Micha Grüber and Jannik Schall in Hamburg. The start-up is oriented towards the 1.5 degree target of the Paris Climate Agreement and offers solar systems, energy storage and heat pumps. For this purpose, 1Komma5° participates in electrical installation companies and helps them with digitalization.