Munich-based Energy Start-up PIONIERKRAFT Raises Significant Funding
PIONIERKRAFT, an innovative energy start-up, has successfully secured a high seven-figure amount in its Series A financing round. The round was led by First Imagine!, a European venture capital firm focused on sustainable technology solutions. The new funding will enable PIONIERKRAFT to expand its unique energy-sharing solutions specifically designed for apartment buildings, helping to advance Germany’s energy transition.
Strategic Investment for Scaling Energy Solutions
“When we founded PIONIERKRAFT in 2019, we saw an opportunity to build a foundation for the energy transition in small and medium-sized apartment buildings,” says Andreas Eberhardt, CEO of PIONIERKRAFT. “This funding will help us scale our network of partners and ramp up mass production of our energy-sharing solution.”
First Imagine! Sees Huge Growth Potential
First Imagine! believes PIONIERKRAFT’s solutions are poised to fill a significant gap in the market. “Partnering with PIONIERKRAFT allows us to address the large sector of multi-tenant buildings in Germany that has been excluded from rooftop solar installations,” says Alexander Starchenko, Managing Partner of First Imagine!.
New Product Launch: PIONIERKRAFTwerk 3.0
The investment will also support the launch of PIONIERKRAFTwerk 3.0, which promises to set new benchmarks in performance and user experience. The enhanced product is expected to drive further adoption of the energy-sharing solution among landlords, contributing to the decarbonization of Germany’s apartment buildings.
Experienced Advisory Board Addition
PIONIERKRAFT has also strengthened its advisory board by bringing on Hartmut Michels, CEO of standata GmbH. Michels’ extensive experience in both the housing and energy sectors will be vital as the company continues to grow and roll out PIONIERKRAFTwerk. “The PIONIERKRAFTwerk is a big step towards the Home Energy Management System,” Michels states.
Supported by Quantum Partners
The Series A financing round was facilitated by Quantum Partners, a Munich-based M&A consultancy specializing in corporate finance and growth capital.
