# EET - Efficient Energy Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eet-efficient-energy-technology

- Industry: Renewable Energy
- Headquarters: Graz, Austria
- Website: www.eet.energy
- Total disclosed funding: $7.2M
- Latest round: Series A (Aug 4, 2023)
- Investors on record: 3

## About

Founded in 2017 and based in Graz, Austria, EET - Efficient Energy Technology GmbH operates as a solar power company that provides solar power plants for balconies. Christoph (CEO), Stephen (CTO), and Florian (COO) are the co-founders of the company. In August 2023, EET - Efficient Energy Technology GmbH raised EUR 6.5 million in series A funding from Statkraft Ventures, including Green Fortress Group and Junction Growth Investors.

The company's flagship product, Solmate, is a solar system for the balcony with light and flexible solar panels that plug into a power socket. Solmate decreases carbon footprints while also providing a stable energy supply in times of emergency. The SolMate system uses patented sensing technology to intelligently supply electricity only when needed, ensuring maximum self-consumption. The SolMate app alerts customers about their energy production and usage, making monitoring simple. The company sells its products online, with prices starting at EUR 425. EET’s partners include HSH Installer, Conversion GmbH, Stadtwerke Klagenfurt, Self-sufficiency GmbH, Softub GmbH, Street vendor Electro GmbH, and others.

The organization plans to use the August 2023 funding to further international market development.

## Funding rounds

- Series A, Aug 4, 2023, $7.2M — Statkraft Ventures, Junction Growth Investors, Green Fortress Group

## Investors

- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series A
- Junction Growth Investors (https://capitalatlas.ai/funds/junction-growth-investors) — Series A
- Green Fortress Group — Series A