tado° has secured a 30 million Euro investment from Panasonic to enhance its home energy management solutions and drive the green energy transition across Europe.

Target Information

tado° is a leading European provider of vendor-agnostic home energy management solutions, founded in Munich in 2011. The company's innovative platform allows households to effectively control their energy consumption while significantly reducing costs and contributing to the green energy transition. Currently, tado° serves nearly 1 million homes across Europe, offering comprehensive services that include smart thermostats, heat pump optimizers, and dynamic energy tariffs.

Through its solutions, tado° aims to streamline home climate management and enable intelligent electric vehicle charging. The integration of dynamic energy tariffs and photovoltaic systems ensures that users can optimize their energy usage based on availability and affordability, promoting savings and sustainability.

Industry Overview in Europe

The European energy management industry is undergoing a significant transformation as households and businesses alike increasingly seek to reduce their energy consumption and embrace greener