Greentech startup Heatle has raised around €3 million in a Seed funding round, aimed at scaling production of its innovative energy-saving immersion heater amidst rising energy prices.

Target Company Overview

Heatle, a Greentech startup based in Berlin, has developed the world's first commercially viable technology that allows for sustainable, convenient, and energy-efficient heating of liquids directly in their containers. As we approach the winter months amidst rising energy prices, the demand for energy-efficient solutions is increasingly prominent. With a successful track record, Heatle has recently secured approximately €3 million in a Seed funding round to facilitate its ongoing business development.

Founded by Wachtang Budagaschwili and David Riding, Heatle has emerged as a pioneering force in addressing energy wastage associated with conventional kettles. Their innovative product, a patented energy-saving immersion heater, combines aesthetic design with technical innovation and is already CE-certified, indicating compliance with European safety standards.

Industry Overview in Germany

Germany's consumer appliance industry is characterized by a strong emphasis on sustainability and energy efficiency, driven by both regulatory frameworks and consumer preferences. With the German government actively pursuing ambitious climate targets and promoting energy-effi