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feld.energy raised €1.7 million in a pre-seed funding round led by HV Capital to expand agricultural photovoltaics in Germany.

Nov 13, 2024•about 1 year ago

Amount Raised

€1.7 Million

Round Type

seed

PoeckingEnergy

Investors

Colin HannaJan RabeNikas Rickmann (Mvst Ventures)Christian HardenbergAlex MahrCord AmelungKarljo SeilernCo Invest (Marc Diekmann)Angel InvestHv Capital

Description

feld.energy, a Munich-based company, has secured €1.7 million in a pre-seed funding round aimed at enhancing renewable energy solutions for farmers. This funding will support the company's mission to leverage agricultural land for both food production and electricity generation, contributing to Germany's energy transition.

Company Information

Company

feld.energy

Location

Poecking, Bavaria, Germany

About

feld.energy provides farmers with an implement solution for dual land use: alongside cultivating crops, agricultural land can also be used for solar power generation. With this model, farmers generate more than 100,000 EUR over a 20 year lifetime (lease model), creating a valuable additional revenue stream while continuing to produce food.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers