First Imagine! backs PIONIERKRAFT with high seven-figure investment, driving innovation in solar energy-sharing solutions for small and medium-sized residential buildings.
We are excited to announce our latest investment in Munich-based cleantech start-up, PIONIERKRAFT. As part of their Series A financing round, First Imagine! is providing a high seven-figure investment, which will accelerate the development and scaling of PIONIERKRAFT’s cutting-edge energy-sharing technology.
Founded in 2019, PIONIERKRAFT offers an innovative solution that enables residents of multi-family homes and smaller apartment buildings to share self-generated renewable energy. The new funding will support the expansion of this groundbreaking solution across Germany, empowering more individuals and communities to adopt sustainable energy practices.
“When we founded PIONIERKRAFT in 2019, we saw a tremendous opportunity to build a critical foundation for a multi-billion-dollar energy market, positioning ourselves as a catalyst for the energy transition in small and medium-sized apartment buildings,” says Andreas Eberhardt, CEO of PIONIERKRAFT. “This Series A financing will enable us to scale our network of specialized partners and ramp up mass production of our latest energy-sharing solution, allowing us to take a leading role in transforming the energy sector. I’m incredibly proud of the entire PIONIERKRAFT team, whose hard work and smart decisions have brought us to this pivotal point.”
Andreas Eberhardt, CEO of PIONIERKRAFT
“Partnering with PIONIERKRAFT is an exciting step forward in our mission to drive sustainable development and facilitate the transition to renewable energy. The company’s innovative energy-sharing solution addresses the large sector of multi-tenant buildings in Germany which has been until now almost excluded from the otherwise boosting rooftop solar installations. We need to close this gap and we believe that PIONIERKRAFT offers exactly the solution the market needs. We are excited to support the company‘s growth and are confident that together, we can accelerate the shift toward a more sustainable energy future for Europe.” says Alexander Starchenko, Managing Partner of First Imagine!
Alexander Starchenko, Managing Partner of First Imagine!
The financing would also allow the company to finalise development and launch the revolutionary PIONIERKRAFTwerk 3.0 product generation, which would allow the company to set new benchmarks in both performance and ease of use. It would make the company proposition even more compelling to the landlords, bringing them on the path to decarbonise Germany’s apartment building stock.
With this investment, PIONIERKRAFT plans to further enhance its hardware and software solutions, develop its PIONIERKRAFTwerk 3.0 product line, and expand its network of specialized partners, taking a leading role in the energy transition for Germany’s apartment buildings.
At First Imagine!, we remain committed to investing in groundbreaking cleantech companies that are driving real change. We look forward to the exciting developments ahead as PIONIERKRAFT continues to shape the future of energy-sharing.
Advisory Board: Additional expert know-how from the energy sector
Hartmut Michels, CEO of standata GmbH, was elected to the Advisory Board by the existing shareholders. He has more than 25 years of specialist and management experience in the mechanical and electrical engineering industry, including more than 20 years with leading German companies for operating and heating cost billing and the manufacture of metering devices for consumption measurement. In particular, his many years of experience in the housing industry service environment will support PIONIERKRAFT in the further roll-out of the PIONIERKRAFTwerk energy-sharing devices plants in apartment buildings. From Hartmut Michels’ point of view, it is obvious: ’The PIONIERKRAFTwerk is a big step towards the Home Energy Management System and is therefore the pacemaker for the energy transition in apartment blocks.’
Successful Deal Closure with M&A Consulting
The Series A financing round is accompanied by Quantum Partners, an independent M&A consultancy based in Munich specialising in corporate finance and growth capital, which is providing PIONIERKRAFT with significant support throughout the deal.
About PIONIERKRAFT
PIONIERKRAFT was founded in Munich in 2019 by Andreas Eberhardt and Nicolas Schwaab. The company has pioneered a unique combination of hardware, software, and services, enabling local and profitable sharing of self-generated energy from the very first participant. Following successful pilot projects in 2020, the PIONIERKRAFTwerk quickly established itself on the market in November 2021 and is now being used in hundreds of projects throughout Germany. Andreas Eberhardt, co-founder of PIONIERKRAFT, was recognized as one of the most successful young entrepreneurs in the 2021 Forbes 30 Under 30 Europe ranking for his vision of “providing everyone with affordable and clean energy”. The company continues to drive this vision forward by collaborating with numerous partners from the solar industry and housing industry