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Saturday, April 1, 2023

25 million euros for Mühlviertel start-up

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Philipp Lobnig, commercial director (left) and company boss Walter Kreisel
Image: Neoom
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The company announced this in a broadcast today, Tuesday. It is a “Series B round of financing to further scale the business and thus accelerate the energy transition at European level,” it said.

The financing round is led by the investment company Summiteer. Behind this is the German entrepreneur Sven Schulz, former CEO of the Darmstadt battery manufacturer Akasol. Money is also being contributed by ING Sustainable Investments and local Austrian investors, including Sparkasse Oberösterreich.

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Schulz is quoted as saying in the broadcast that Neoom has the potential to become “a leader in the democratization of the energy market”. The Freistadt-based company was founded in 2018 and specializes in decentralized energy systems. The company develops and sells electricity storage in which the electricity produced by the PV system is stored. There are also charging solutions for electric cars. The founder of the company is Walter Kreisel, cousin of the three Kreisel brothers from Rainbach.

The energy transition is driving growth at Neoom: last year sales increased from 15 to more than 50 million euros. More than 200 employees are employed, customers include Ikea, Asfinag and the post office.

Source: Nachrichten

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