Munich, June 10, 2025 – Co-Power, a German startup focused on decentralised energy infrastructure for Europe’s industrial sector, has raised €6.4 million in seed funding to accelerate the deployment of its large-scale battery storage and solar PV systems.
The round was led by Berlin-based Cherry Ventures, with participation from energy- and impact-driven investors including Abacon Capital, Aurum Impact, and several notable industry figures. Among the angel investors are Flixbus founders, former Encavis CEO and TotalEnergies board member Dierk Paskert, DZ4 founder Tobias Schütt, and Constantin Eis, former CEO of LichtBlick and current CEO of CMBlue.
Founded in 2024, Co-Power aims to transform how industrial companies across Europe manage their energy needs by offering a zero-upfront-cost model for installing and operating on-site renewable energy systems. The company claims its solutions can cut electricity costs by up to 50% for industrial clients.
“Renewables offer abundant, low-cost electricity – but only if we solve the flexibility challenge,” said Jan Krüger, Co-Power Co-founder. “That means putting storage and generation where it matters most: directly on-site with the industrial companies that power Europe.”
At the heart of Co-Power’s vision is the development of an industrial Virtual Power Plant (VPP) – a network of decentralised, on-site clean energy systems managed through intelligent software. This system aims to optimise energy consumption, trading, and availability, ensuring 24/7 reliability even with variable sources like wind and solar.
The company’s software platform is designed to maximise the efficiency and profitability of these systems by dynamically managing energy generation, storage, and market participation.
Europe’s industrial sector continues to face steep electricity prices, often more than double those in the U.S. or China. While Europe leads in renewable energy adoption, the lack of adequate storage infrastructure and resulting price volatility has undermined the cost benefits of clean energy.
“Too many European companies struggle with energy prices,” said Co-founder Kilian Zedelius. “With Co-Power, we’re taking matters into our own hands to increase the resilience and economic performance of the backbone of the European economy: the SMEs.”
The funding will support the expansion of Co-Power’s installations and speed up the launch of its VPP platform across industrial sites in Europe.
“Co-Power is bringing a much-needed solution to the European industrial sector at a critical time,” said Filip Dames, Founding Partner at Cherry Ventures. “By combining decentralised generation, battery storage, and a smart operational model, they are providing a powerful way for companies to reduce costs and improve energy resilience while managing price volatility.”
Co-Power is positioning itself at the forefront of Europe’s clean energy transition by making affordable, resilient, and intelligent energy systems accessible to industrial firms – transforming energy from a cost burden into a competitive advantage.
