# Sonnen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sonnen

- Industry: Energy Storage & Batteries
- Headquarters: Germany
- Website: www.sonnen.de/
- Total disclosed funding: $84M
- Latest round: Series E (May 23, 2018)
- Investors on record: 7

## About

Based in Germany, Sonnen GmbH specializes in energy storage solutions, enabling users to efficiently manage and utilize renewable energy resources, particularly solar energy.Sonnen GmbH is a provider of energy storage solutions and management systems, founded in 2010 in Germany. The firm has undergone significant development, achieving its most recent funding round, Series E, led by Shell Ventures on 15th February 2019, raising EUR 60.00 mn, bringing the total raised to EUR 60.00 mn. The company is headquartered in Wildpoldsried, Germany, and operates with a CEO, Blake Richetta.Sonnen specializes in innovative energy storage solutions and management systems designed to facilitate the transition to sustainable energy consumption. The company’s flagship product, the sonnenBatterie, is a hybrid energy storage system that allows users to store solar energy generated from photovoltaic (PV) systems for later use, promoting energy independence and cost savings. Sonnen also offers advanced energy management services, dynamic electricity tariffs, and virtual power plant capabilities to optimize energy consumption across diverse markets, including Germany, Austria, and Switzerland.In 2023, Sonnen generated revenue of EUR 285,256,548.60, with an EBITDA of EUR 647,961.40. Revenue is derived from direct sales of products like the sonnenBatterie and subscription services for energy management solutions, focusing on tailored offerings for both residential and commercial clients.Following the acquisition by Shell International B.V. in February 2019, Sonnen GmbH aims to expand its product lineup with new energy storage technologies planned for release in the next two years. Additionally, the company is targeting expansion into new markets, particularly in North America and Asia, by 2025. The recent funding will support these initiatives, enhancing product development and market entry strategies.

## Funding rounds

- Series E, May 23, 2018, $71M — GE Capital, Equity, SET Ventures, Munich Venture Partners, eCAPITAL, Shell Ventures, Inven Capital, Envision Energy Limited
- Series C, Jul 3, 2015 — SET Ventures, Munich Venture Partners, eCAPITAL, Inven Capital
- Series B, Dec 3, 2014, $9.4M — SET Ventures, Munich Venture Partners, eCAPITAL
- Series A, Jan 1, 2013, $4M — eCAPITAL

## Investors

- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series A, Series B, Series C, Series E
- SET Ventures (https://capitalatlas.ai/funds/set-ventures) — Series B, Series C, Series E
- Munich Venture Partners (https://capitalatlas.ai/funds/munich-venture-partners) — Series B, Series C, Series E
- Inven Capital (https://capitalatlas.ai/funds/inven-capital) — Series C, Series E
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series E
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series E
- Envision Energy Limited — Series E