We are thrilled to announce our latest investment in the Berlin-based #energy #startup autarc, our fifth and potentially final investment for the year of PT1 Fund II! As lead investor in the pre-seed financing round, in which autarc secured a single-digit million amount, we join forces with multiple renowned business angels to support autarc's mission of revolutionising the #heating market and accelerating the decarbonisation of the building sector.
The business angels that invested in autarc alongside us include C1 Green Chemicals AG founder Christian Vollmann, Lieferando founder Kai Hansen, gridX founders David Balensiefen and Andy Booke, realxdata GmbH founder Titus Albrecht, Zenhomes founder Jannes Fischer, Reachbird founder Philipp Martin and more via Better Ventures.
autarc's vision that piqued our interest is to install one million #HeatPumps by 2030, addressing the dual challenge of CO2 emissions and a shortage of qualified engineers in the heating sector. autarc's planning software plays a pivotal role in achieving this ambitious target, facilitating the transition from traditional heating systems to sustainable heat pumps through a software that enables heating engineers to work more efficiently and productively. autarc cuts the planning time in half through, among other things, the use of AI and LiDAR scans.
"Europe’s heat supply will be completely decarbonised over the next two decades. Optimising installation companies is an extremely important driver for the rapid and large-scale conversion to sustainable systems. The team has already generated impressive traction, and we look forward to working with them to tackle this profoundly important challenge of the energy transition," says PT1 Investment Manager Fabian Koenig.
For more details, head over to Gründerszene (in 🇩🇪): https://lnkd.in/evSVdpPP
If autarc's mission sounds as crucial to you as it does to us, and you feel like you can contribute, check out their job board at https://lnkd.in/ekUbwdH6.
President at Complete Energy Services
3dWell done!