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Beem Energy raises €7 million to empower people to take control of their home energy

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Beem Energy has raised €7 million to pursue its mission empower people to take control of their home energy by delivering an unparalleled user experience, a year after the launch of its first product, a plug-and-play, DIY solar kit.

Beem Energy raised €7 million from funds such as 360 Capital, Alter Equity, BNP Paribas Développement and Bpifrance. Five business angels from successful companies (Nest, Dreem, Drivy, Crisp), who have been involved in the Beem project, also participated, such as David Sloo, the former User Experience Architect at Nest.

With the funds, Beem Energy is entering the second phase of its mission which aims to replicate the success of the solar kit with other hardware and software products, to develop a broader home energy control and energy efficiency management ecosystem. Like with the Beem kit, providing a unique customer experience is at the core of the design of each product and service, to at last make energy efficiency a fun and accessible topic in which individuals want to play a hands-on role.

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These funds will also enable Beem Energy to accelerate its growth  by entering European markets: Italy, Switzerland and Germany as a first step; and  by hiring new people: The company, which currently has 12 employees, wishes to double its staff by next year. 

The start-up already raised €2 million in 2019 to support its production phase and sales launch and so this new operation brings the total sum raised to €9 million.

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In September 2020, Beem Energy launched the Beem kit, a plug & play solar kit with a fresh, accessible design, enabling anyone to start producing her/his own energy in minutes. Today, Beem Energy has a community of over 1500 users (known as “Beemers”), which interact with each other on a daily basis, sharing questions, photos of their panel set up and solar energy output curves. Some Beemers even want to know how they can take things further. The success of the Beem kit has shown that when you make it easy to use less and better energy and when energy management is simple and fun, customers adhere to the idea, enjoy being involved and seek to contribute even more to the energy transition.

The co-founders of Beem Energy, Arthur Kenzo, Ralph Feghali and Pierre-Emmanuel Roger, have been accompanied since the company’s launch by Imagination Machine, the “startup studio for good” founded by California’s serial entrepreneur Rob Spiro, from which a dozen ambitious start-ups with positive impacts have emerged.

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Alexandre Mordacq, 360 Capital: “We are delighted to be joining the Beem adventure. Attracted at first by the very high customer satisfaction, we were quickly convinced by the quality of the team, their vision of the world combining energy transition and an incredible customer experience, and by the substantial market opportunity.”

Félix Mounier, Alter Equity: “We were seduced by the vision of the founders, who seem to be in a position to successfully deliver wide-scale growth that will help to achieve energy transition”.

BNP Paribas Développement: “The founding team has delivered and executed the plan presented as part of its pre-seed round. This seed round is thus the opportunity to renew our support for Beem Energy. All the milestones achieved to date give credibility to the company’s vision and ambition.”

Ralph Feghali, CEO and co-founder Beem Energy: “The phase we are entering is extremely exciting. We have proven with the Beem kit that we are capable of creating positive emotions and an unparalleled experience to empower people to take control of their energy. The support of our new partners means that we can step up a gear to become a leading European player in home energy management.”

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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