Porsche invests in German startup aiming to be a one-stop shop for carbon neutral homes
Porsche Ventures has acquired a minority position in 1Komma5°, a five-month-old German business that aims to provide homes with everything they need for a carbon-neutral home, including energy storage, electric vehicle charging infrastructure, and solar.Porsche Ventures has made a number of investments in the last two years, including Israel-based sensing technology business TriEye, online electric micro mobility dealership RidePanda, and virtual sensing startup Tactile Mobility, for example.
This investment differs from Porsche Ventures’ usual mobility tech investments.Patrick Huke, head of Porsche Ventures Europe and Israel, told TechCrunch, “With this investment, we want to underscore our ambition in the area of smart city and sustainability.”
Micha Grueber, the company’s CFO, and Philipp Schröder, who formerly worked at Tesla and the energy storage company Sonnen, formed the company in Hamburg, Germany.
The company, whose name alludes to the Paris Climate Agreement’s objective of limiting global warming to 1.5°C, is pursuing an unusual path to achieve its one-stop shop goal.In a recent interview, Schröder stated that corporations are now only focused on selling components such as solar or energy storage. Simultaneously, no one in Europe is focusing on bringing these decentralised assets together. According to Schröder, this is bound to generate issues.
Through its software and acquisitions, 1Komma5° hopes to bring everything together. 1Komma5° is looking to buy major electrical installation firms that focus on renewable energies such as solar, heat pumps, and energy storage in Germany — and will eventually extend to neighbouring countries such as Austria and Switzerland. 1Komma5° supplies these businesses with corporate software to manage administrative chores and customer relationships, as well as energy management software that connects charging, solar, and energy storage.What makes 1Komma5company °’s attractive, according to Schröder, is its intention to combine these components, such as solar and energy storage, at both the home and grid level.
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