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Berlin climate startup ecoworks is using a high tech blend to decarbonize buildings | TechCrunch

Dec 14, 2023 - techcrunch.com
Berlin-based startup ecoworks is using AI, digital technologies, and industrial robots to retrofit energy inefficient buildings with prefabricated insulation panels. The company, which targets residential apartment blocks, uses AI to select the most suitable buildings for retrofitting. The process involves fitting an insulated facade to the outside of the building, reducing heat loss and incorporating the necessary pipework and cables to deliver new heating services powered by clean energy. The company has completed four projects so far and is currently planning and installing for 850 apartments.

Ecoworks has raised €40 million in a Series A funding round led by World Fund, with participation from Haniel, Kompas VC, and ISAI. The funds will be used to update the company's software platform, develop a cost prediction tool, and further develop the prefabricated facades. The company aims to reach between €80 million to €100 million in billings over the next 12 months and hit €1 billion in revenue by 2027.

Key takeaways:

  • Ecoworks, a Berlin-based climate startup, is using digital technologies, AI, and industrial robots to retrofit energy-inefficient buildings in Europe.
  • The company's solution involves installing prefabricated insulation panels on the outsides of existing buildings to limit heat loss, while also incorporating renewable energy generation into the same project.
  • Ecoworks has raised €40 million in a Series A funding round led by the World Fund, with participation from Haniel, Kompas VC, and ISAI.
  • The funds will be used to update Ecoworks' software platform, develop a cost prediction tool, and expand its team as it aims to reach €1 billion in revenue by 2027.
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