Successful seed extension of 3.5 million euros for metergrid
Summary
Stuttgart, December 2, 2024 - Stuttgart-based energy startup metergrid has successfully closed a 3.5 million seed extension financing round. The round was led by strategic investor Hager, with additional support from 468 Capital, M\xe4tch VC and several business angels.In addition to the equity investment, metergrid has agreed a partnership with Hager to combine the expertise of both companies and develop innovative solutions for tenant electricity projects. This platform offers tools such as profitability analyses, billing functions and a user-friendly tenant app.The partnership aims to make tenant electricity models simpler and more efficient. Together, the partners are developing scalable complete solutions that are both economically attractive and sustainable.The approach makes it possible to make tenant electricity economically viable even for smaller buildings, which promotes the expansion of renewable energy in the multi-family housing sector.With the seed extension and the partnership, metergrid, Hager and the other investors are setting an example for the future: the energy supply is becoming increasingly decentralized, digitalized and collaborative. The aim is to supply the 44 million residents of apartment buildings with clean, affordable and independent energy.