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The digital green energy supplier Rabot Charge has closed its Series A financing round of 17.5 million euros. The capital is intended to accelerate the growth of the Hamburg-based company, drive the development of AI-based algorithms for purchasing electricity on short-term markets and enable further product innovations.

© Rabot Charge:  Sonja Rogojew (CPO), Jan Rabe (CEO), Tobias Mogge (COO) and Konrad Schade (CCO)
© Rabot Charge: Sonja Rogojew (CPO), Jan Rabe (CEO), Tobias Mogge (COO) and Konrad Schade (CCO)

Rabot Charge offers dynamic electricity tariffs

The round is led by one of the leading growth investors in Europe, HV Capital. All Iron and 9900 Capital also participated, as well as existing investors such as yabeo Impact, HTGF and, reaffirming their confidence in the Rabot Charge team. Since its foundation in 2021, the startup has raised a total of 25 million euros.

Rabot Charge offers dynamic electricity tariffs for households across Germany - without the need for a smart meter. Customers not only benefit from low electricity prices, but can also optimise their energy consumption with a smart app. With its AI-based solution for electricity usage and purchasing, Rabot Charge is making its contribution to digitalisation in the energy sector. The company already has more than 35,000 customers and employs around 60 people at its three locations in Berlin, Hamburg and Munich.

“Dynamic electricity tariffs have already established themselves in countries such as Sweden and Norway. Germany is at the bottom of the European rankings. Such tariffs are indispensable in the context of the energy transition. They make it possible to manage electricity consumption according to price and ecological aspects. With Rabot Charge, we want to solve the problems in the electricity market and drive forward our vision of fair electricity prices and smart energy use.”
Jan Rabe, CEO of Rabot Charge


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