Smart heating: tado° wants to be profitable in 2023 and raises 43 million euros

0
72

After tado° has sold over three million smart thermostats, the company not only wants to be profitable this year, but is also raising capital in a new financing round with Trill Impact Ventures as lead investor, Bavaria , Kiko Ventures and Swisscanto also raised 43 million euros in fresh capital.

tado° was founded in 2011 and develops smart thermostats and other solutions for controlling air conditioning systems, for example Buyers usually can be installed by themselves. According to studies, heating costs can be reduced by an average of 22 percent with smart thermostats. The company not only focuses on cost savings for the customer, since the studies show that the thermostats have already paid for themselves after six months, but also repeatedly points out the CO2 savings that can be achieved through more efficient heating and cooling leave.

Business doubled in 2022

In 2022, tado° was able to grow thanks to the high demand for are doubling the smart thermostats as a result of the energy crisis and through their own service offerings and expects sales and turnover to continue to grow in the coming yearsCoupling with time-variable energy tariffs

Following the recent financing round of over 43 million euros, tado° will expand its offer in the area of ​​energy management for private households by combining its smart thermostats with time-variable energy tariffs. The company presented the tado° Balance service at last year's IFA. The basis for this was the takeover of aWATTar. Time-variable energy tariffs, for example, can be used to shift consumption such as charging the e-car to more favorable times. According to tado°, the bundling of the offer of both companies is to be significantly expanded.

In addition, tado° would like to work more closely with property management companies in order to offer them an adapted product line in rental apartments

ComputerBase received information about this article from tado° under NDA. The only requirement was the earliest possible publication date.