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Munich-based energy innovator PIONIERKRAFT has secured substantial funding in its latest financing round, positioning itself for significant growth in the renewable energy sector.

The company, which specializes in energy-sharing solutions for apartment buildings, has attracted a €10m investment led by First Imagine!, a European venture capital firm dedicated to promoting sustainable technologies.

PIONIERKRAFT’s CEO, Andreas Eberhardt, emphasizes the company’s vision: “We recognized the opportunity to create a key building block for a billion-dollar energy market and act as a catalyst for the energy transition in small and medium-sized apartment buildings”. This fresh capital injection will enable PIONIERKRAFT to expand its network of specialist partners and scale up production of its innovative energy-sharing solution.

The investment underscores the potential of PIONIERKRAFT’s technology to address a critical gap in the German housing market. Alexander Starchenko, Managing Partner of First Imagine!, explains: “The company’s innovative energy sharing solution addresses the large multi-family housing sector in Germany, which has been virtually excluded from the otherwise booming rooftop solar installations”.