Instagrid’s global market potential and responsibility to make things better and more sustainable are huge as every year 50 million diesel gensets burning stuff are sold. In 2023, Instagrid plans to enter the US market with a localised 120V battery. Instagrid employs a team of 50 and is fabless working with a well-known but undisclosed contract manufacturer in Hungary. 50K batteries delivered would amount to €135M revenues, excluding the margins of European distribution partners such as Festool. The beautiful Instagrid Max One is available online for a retail price of €2.695,00 net. The envy of every smart green VC is Instagrid’s orderbook that shows 50.000 devices badly wanted by customers such as Strabag, Skanska Rental and Swiss Federal Railways (SBB). This time the lucky investors joining Instagrid’s Series B are SET Ventures, Blueworld Group, Segnalita Ventures, HTGF and Wille Finance.
#Instagrid. pro#
Sometimes they can even invest more than pro rata provided that the founders are especially happy with the support they got. If the investor queue is long and the Series B is oversubscribed, it turns out that existing investors are in a privileged position as they may participate pro rata and deploy more capital.
#Instagrid. portable#
The Ludwigsburg-based startup provides portable green power to professionals and mobile lifestyle optimisers in all kinds of offgrid situations, including construction sites, ubiquitous events, smart forests or sustainable picknicks in the park enhanced by electric BBQs and powerful sound systems. Hans Kobler and Matthias Dill invest in Instagrid both from their US and EU funds as they plan to share returns and the mobile battery business opportunity with their global LPs. With $2B AUM EIP itself is pretty massive, too. Today, we’re happy to break the news that Energy Impact Partners (EIP) leads Instagrid’s massive €29M Series B as the only new investor. In February 2020, we wrote a groovy story on the €8.5M Series A and how Sebastian Berning and Andreas Sedlmayr launched their mobile battery startup and met their lead investor SET Ventures at Ecosummit Berlin 2019, our 10-year anniversary. The Instagrid success story continues and reaches the next level.
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