1KOMMA5° reports record turnover for 2024
Hamburg-based energy startup 1KOMMA5° has published its preliminary business figures for 2024 and announced a series of company records. The 500 million euro turnover threshold was exceeded for the first time.
1KOMMA5° is increasingly growing under its own steam
Accordingly, turnover totaled just under 520 million euros last year and around 450 million euros in 2023. Organic turnover grew from 360 million euros to 490 million euros. This approach does not take into account acquisitions, which no longer play a dominant role recently. Instead, the company is increasingly focusing on growth through its own branches. In total, the number has grown to 80 locations and 26 showrooms from Helsinki to Copenhagen and Berlin to Adelaide in Australia. 1KOMMA5° was founded in 2021 and today has around 2,500 employees worldwide.
In the next three years alone, the company plans to invest a further 100 million euros in expanding the business around its Heartbeat AI electricity market software; by 2025, it is expected to grow to sales in the double-digit million range. It was only in November that 1KOMMA5° announced the spin-off of Heartbeat GmbH as an independent subsidiary under the leadership of CTO Barbara Wittenberg and CPO Jannik Schall. The goal is to achieve an annual turnover from hardware and software revenues of 10 billion euros in 2030. 1KOMMA5° has raised around 400 million euros in equity since its foundation and is debt-free.
