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Sonnen Gains New Investors

Author: Source: Datetime: 2016-10-23 14:14:25
SonnenGerman energy storage company Sonnen completed a new round of financing with a total equity capital of $ 85 million.

Sonnen said the financing will enable the company to continue to grow in Germany and deepen its expansion in international markets, including the United States, Australia, the United Kingdom and Italy. The company also plans to further develop its energy sharing platform, known as SonnenCommunity, which allows German owners to produce, store and share their own power.

Envision Energy and Thomas Putter are former CEO and Chairman of Allianz Capital Partners and an investor in renewable energy technologies, each of whom has a minority stake in Sonnen. The two new partners have joined existing investors such as eCAPITAL, MVP, SET Ventures, Inven Capital and GE Ventures.

"The future of energy is clean, decentralized and digital, and with its sonnenCommunity platform and intelligent sonatter technology, Sonnen has demonstrated that our energy infrastructure will look tomorrow," Envision Energy's CEO Zhang Lei said.

Sonnen develops and manufactures sonnenBatterie intelligent energy management systems and solar powered portable generator in Germany and San Jose, California.
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