1Komma5Grad

German climate-tech startup 1Komma5Grad has reached a $1.35 billion valuation in a new financing round, giving it unicorn status. The Hamburg-based company, which sells solar, heat pump and energy management solutions, is one of the few European startups to secure major funding amid a slowdown in venture capital, drawing attention to the continued investor interest in the energy transition sector.

German energy startup 1Komma5Grad has raised its valuation to 1.35 billion dollars, reaching unicorn status. The company, which sells heat pumps, solar systems and energy management software, secured the higher valuation in a new funding round, reflecting continued investor interest in the energy transition sector.