1Komma5 raises €70m as IPO plans stall
German climate tech unicorn 1Komma5 has raised €70 million, Sifted reported, as the company postpones its planned initial public offering.
The round follows a period of rapid growth for the startup, which offers solar installations, heat pumps, and energy storage solutions for residential customers. 1Komma5 had previously raised a substantial funding round at a multi-billion-euro valuation, backed by major investors.
The delay in IPO plans contrasts with recent momentum in public listings for renewable energy players globally. When we covered Inox Clean Energy’s filing on September 30, the offering was positioned as one of India’s largest private-sector renewable energy IPOs. Firmus Technologies, targeting a $7 billion ASX listing, also set its prospectus launch for October 6.
For 1Komma5, the €70 million injection suggests continued private-market confidence, but the IPO postponement may reflect broader caution around climate tech valuations. The company has not disclosed a revised timeline for going public.
Sources: sifted.eu
“The funding round signals investor appetite for integrated climate tech, but the delayed IPO raises questions about public-market readiness in the sector.”
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