German cleantech company 1Komma5 has expanded its major funding round by including a new investor, Sabanci Climate Ventures, the climate technology investment division of Turkey’s Sabanci Group. This expansion enhances an initial fundraising effort of EUR 150 million (approximately USD 174.8 million) which started in December 2024.
Recognized as a cleantech unicorn due to its valuation surpassing one billion euros, 1Komma5 occupies a leading position in the green technology market. The company focuses on developing innovative solutions aimed at reducing carbon emissions and promoting sustainable energy usage. The latest capital injection will support its goals to scale technology and expand influence across Europe and beyond.
Significance of Sabanci Climate Ventures’ Investment
The involvement of Sabanci Climate Ventures represents:
- A significant vote of confidence in 1Komma5’s growth potential and business strategy.
- Backing from a Turkish investment arm specializing in climate change mitigation technologies.
- Highlighting growing international interest in European cleantech innovations.
Utilization of the Expanded Capital
The funds will be used to:
- Accelerate research and development initiatives.
- Enhance manufacturing capabilities.
- Grow market presence across various regions.
- Strengthen the team and expand partnerships within the green technology ecosystem.
Securing a new investor during an ongoing funding round reflects strong demand for 1Komma5 shares and positive market sentiment towards clean energy advancements, particularly as global efforts intensify to achieve net-zero emissions targets.
This development in Berlin underscores the increasing momentum of cleantech industries in Europe, with innovators like 1Komma5 leading the transition to sustainable economies through scalable solutions that reduce environmental impact.
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