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Thursday, 24 May 2018

Sonnen secures €60 million financing from Shell Ventures




Sonnen GmbH announced the closing of its latest financing round of €60 million, led by Shell Ventures and significantly supported by all existing investors.
Sonnen will be able to leverage this financing to strengthen its lead and accelerate growth in markets such as the United States and Australia.
Alongside the investment, Sonnen and Shell's New Energies division have launched a strategic cooperation agreement in areas that offer synergies between the two companies. This partnership will include innovative integrated energy propositions, enhanced EV charging solutions and the provision of grid services that are based on Sonnen's virtual battery pool.

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