neoom raises €25m Series B, for “decentralized energy” solutions

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Austria-based, neoom helps realize “decentralized & future-proof concepts for all”. The startup offers energy solutions to i) produce electricity yourself, ii) store electricity, iii) charge your EV & iv) share your electricity regionally – for your home, company or energy community. To do so, the firm offers several products, notably a) neoom APP (for linking energy devices, locations & users; controlling energy consumption, flows & billing; buying & selling sustainable electricity), b) neoom Internet of Energy (essentially a communication module), c) photovoltaics (solar panels from partners), d) neoom BLOOK & KJUBE (its own energy storage unit) & e) neoom BOX (its own EV charging station). Founded in 2014 by Walter Kreisel (CEO), who was joined a few years later by Roman Diesenreiter (CCO) & Philipp Lobnig (CFO), neoom grew sales from €15m in 2021 to €50m in 2022. In doing so, the startup claims 22gWh of stored electricity, 1,853 charging points & 200 customers incl. Ikea, Post AG, Zinkpower, Asfinag – mainly in DACH. neoom sees itself differentiated from its competitors Enpal (DE) (€1.7b) & 1Komma5 (DE) (<€200m), by being “aimed at installer companies vs. private households”. (Fun fact #1: lead investor Summiteer is also an investor in & ING Sustainable Investments, a team within ING Corporate Investments, has provided debt to Enpal as well) (Fun fact #2: there’s now a PV roof requirement for new buildings in federal states such as Berlin & Baden-Wuerttemberg aka more tailwinds for neoom & the likes). <Source: trendingtopics.eu, brutkasten.com, meinbezirk.at, businessinsider.de>