Sonnen Raises $60M in Funding led by Shell Ventures
Summary
The round was led by Shell Ventures with participation from existing investors. The company intends to use the funds to strengthen its lead and accelerate growth in markets such as the United States and Australia. Led by Christoph Ostermann, CEO, sonnen is a market leader for smart energy storage and operator of a large energy sharing platform. Alongside the investment, sonnen and Shell’s New Energies division have launched a strategic cooperation agreement in areas that offer synergies between the two companies. This partnership will include innovative integrated energy propositions, enhanced EV charging solutions and the provision of grid services that are based on sonnen’s virtual battery pool.
Funding
Amount
$71.0M
Total raised
Date
May 23, 2018
Announcement date
Investors
eCAPITAL entrepreneurial Partners, Shell Technology Ventures, Inven Capital, Munich Venture Partners
Lead investors
Company
https://sonnen-batterie.com
Funded company
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