Munich, August 9, 2023 - STABL Energy GmbH, a GreenTech startup from Munich, has successfully closed a financing round of € 15 million. With this, the startup receives one of the highest growth financing amounts within the DACH region in 2023.
Two new investors believe that the STABL technology has the potential to define the standard of convenient, cost-effective, reliable and resource efficient battery storage enabling faster adoption and transformation towards a fully electrified economy. Thanks to new investments from the Northern European Growth fund Nordic Alpha Partners, the European Innovation Council and existing investors, the young company has the financial platform to expand and scale its net-zero energy storage system internationally. STABL’s unique technology removes the risk of instability, when adopting used electric vehicle batteries for battery storage systems and thus pursues an innovative approach in terms of the circular economy. With this, purchasing STABL's second-life battery storage is simple and risk-free for commercial and industrial customers, real estate and agricultural sector.
STABL’s unique technology removes the risk of instability, when adopting used electric vehicle batteries for battery storage systems and thus pursues an innovative approach in terms of the circular economy. With this, purchasing STABL's second-life battery storage is simple and risk-free for commercial and industrial customers, real estate and agricultural sector.
Strong partner from Denmark
Nordic Alpha Partners (NAP) from Denmark - one of Europe's leading Green Tech growth funds - invests exclusively in sustainable Hard Tech companies that have the potential to drive and accelerate the global green transformation. They enable visionary founders to scale from local players to global market leaders with their unique operational value creation model.
Promoting breakthrough innovations
The European Innovation Council (EIC) initially funded STABL through grants of two million euros to further develop the technology. Now the EIC Fund has provided STABL with additional capital to help the company bring its breakthrough technology to market. Svetoslava Georgieva, Chair of the Board of the EIC Fund, said: "The EIC Fund is committed to supporting the green and digital transformation. It invests in companies that are able to deliver cutting-edge technologies to support this transformation and are in a clear position to scale their technologies and capture markets."
In addition to Nordic Alpha Partners Fund II and EIC Fund, the existing investors UVC Partners with Unternehmertum VC Fund III and Energie 360 Grad's Smart Energy Innovation Fund are also participating in the investment round of € 15 million, ensuring the growth of the Munich-based company. The fresh funds will be used to expand business activities and further develop the technological infrastructure.
On course for growth with synergies
The collaboration is expected to further accelerate STABL Energy's growth trajectory based on Nordic Alpha Partners' operational value creation model. Commenting on the new partnership, Dr Arthur Singer, co-CEO and co-founder of STABL Energy, said: "We have made considerable progress in a short period of time and have successfully installed our first second-life battery storage systems. In addition to a unique product, experience and partners are our key to success. Nordic Alpha Partners has an impressive track record as an investor and they convinced us with their unique approach to promoting and reducing risk in strong growth and by being at the forefront of technological change. Working with the Danish investment firm will be a valuable addition to our experienced team of investors. We are excited about this partnership."
Dr. Nam Truong, also co-CEO and co-founder added: "We are delighted to have secured Nordic Alpha Partners, a strong and experienced partner who shares our philosophy and vision. It is particularly valuable that NAP deeply understands our current and future challenges and is already supporting us with their experience, network, and value-creation approach. The new partnerships are an important milestone for STABL to drive the energy transition through our battery storage."
Rasmus Lund, Senior Partner at Nordic Alpha Partners, added: "For us, STABL Energy is one of the most promising Green Tech companies in the European storage market. We fully share the company's vision and look forward to supporting the four founders and team in their rapid internationalization. The impressive growth and market traction is a strong validation of STABL’s pioneering technology and a sweet spot investment for Nordic Alpha Partners. We look forward to the united journey, on a shared vision to accelerate the path to NetZero, via market driven technology transformation.”
With the successfully financing round, STABL Energy has secured the foundation to both commercially expand and continue to develop further features for its highly innovative battery storage technology.
Quotes from existing investors
Portfolio investor, Johannes von Borries – Managing Partner of UVC Partners – says: "STABL solves two important problems for the energy transition: First, the unique technology enables to build very efficient and cheap storage systems. Second, old batteries from cars are made reusable, thus extending their lifetime by many years in the spirit of the circular economy. This significantly reduces the CO2 footprint of batteries and conserves resources."2-Fußabdruck der Batterien signifikant reduziert und Ressourcen geschont.“
Ruth Happersberger, Head of Strategy and Investments at Energie 360° and Founder of the Smart Energy Innovation Fund from Energie 360°, said, "Our early investment in STABL Energy reflects our conviction of STABL's innovative approach to sustainable energy and its storage. This successful funding round underscores STABL's key role in the energy transition. We look forward to continuing this journey with STABL, NAP, EIC, UVC and all investors to build a greener future."
