German energy tech startup becomes Europe's latest unicorn following €50M raise
A battery energy startup has hit a €1bn valuation with backing from Samsung Ventures, as data centres race to secure long-duration power storage.
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NewsVC databaseContactGet planNewsletterGerman energy tech startup becomes Europe's latest unicorn following €50m raise 30 apr. 202612:53Constantin Eis, CEO of CMBlu Energy. Image suppliedA battery energy startup has hit a €1bn valuation with backing from Samsung Ventures, as data centres race to secure long-duration power storage.German battery startup CMBLU Energy has crossed the €1bn valuation threshold after closing an initial €50m round of its Series C, with Samsung Ventures joining as a new investor.All existing investors, including Austrian construction giant Strabag, also participated in the round.Become a member to continue readingAlready a member? Sign in
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