Image: B&C
The Mühlviertel start-up neoom, which was founded in 2018 and has now grown to more than 200 employees, secured 16 million euros in a recent round of financing. B&C Innovation Investments GmbH (BCII), a company of the Austrian B&C Group, joins neoom as lead investor. As the majority shareholder of Lenzing, AMAG and Semperit, the B&C Group is Austria’s largest private industrial holding.
“With our first investment in the energy sector, we want to promote the use of sustainable energies, especially in the industrial sector,” says Julia Reilinger, Managing Director of B&C Innovation Investments, about the new investment. The money is to be used to advance the development of products and software solutions as well as opening up the market in the DACH region. “Our goal is to give even more people access to cheaper and cleaner energy and thus contribute to accelerating the energy transition,” says neoom CEO Walter Kreisel.
neoom is a manufacturer of innovative products for everything to do with solar storage power plants. The company’s core competence lies in complete solutions consisting of hardware, software and digital services. neoom customers can use it to produce and store electricity generated from solar energy on site at low cost. In addition, there is the possibility of profitably sharing or trading the energy gained.
So far, people have made money primarily from “hardware”, the sale or rental of power storage devices for companies and private households. In the future, the software, the actual heart of neoom, will also become more of a focus of earning money. The monthly software fees for energy management and the transaction fees for the traded electricity are gaining in financial importance.
This quickly scalable business idea should also be the great attraction for investors. It was only in February that the young company secured the highest investment in the company’s history at that time, with EUR 25 million – the OÖN reported.
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