– Financing of the Ramp-Up-phase of the production and Picea®-commercialization
– After first closing of 7.5 million € in January the financing round now has been closed successfully.
Berlin, June 26, 2019 — HPS Home Power Solutions GmbH (HPS), the Berlin-based energy solutions provider for single-family homes which fulfils the need of energy independence, today announced the successful closing of its current financing round. The investors of the company provide fresh growth capital via proprietary capital of 5 million €. Already in January HPS announced a first closing of 7.5 million €. Thus, HPS raised 12.5 million € in total.
“We thank everyone who contributed to the successful completion of our financing rounds, who had confidence in us. We are very happy about the recognition of our work, the HPS-team, the technology and the product”, commented Zeyad Abul-Ella, CEO of HPS Home power Solutions GmbH. “We excelled the early stages of development and now have the financial resources to focus on the efficient handling of advance bookings and requests: The ramp up phase of the production and Picea®-commercialization are now financially covered. Thus, we can contribute to our customers’ wish of an energetic and independent one-family house.”
