The sonnen Group successfully completed a new financing round with a total equity amount of $85 million USD.
Through this investment two new partners are backing the growing energy services company, joining existing investors including eCAPITAL, MVP, SET Ventures, Inven Capital and GE Ventures. The international technology company Envision Energy, and Thomas Putter, former CEO and ex-Chairman of Allianz Capital Partners and a leading investor in renewable energy technology, gain a minority stake in sonnen.
"The future of energy is clean, decentralized and digital. With its sonnenCommunity platform and smart sonnenBatterie technology, sonnen already demonstrates how our energy infrastructure will look tomorrow. We were very impressed by their proven capabilities, their rapid growth and the high level of continuing innovation in the energy space. We want to support sonnen’s vision of the future of energy and make this future a reality together, "says Lei Zhang, CEO of Envision Energy.
"We want to become the energy supplier of the future. Fast growth and leadership in innovation are the keys to reaching this goal", says Christoph Ostermann, CEO of sonnen Group. "With Envision Energy, we have gained a strategic investor who shares our vision, supplements our technology and has a strong presence in both the U.S. and Asian markets."