GIGA.GREEN Secures EUR 25 Million Equity Investment to Drive Further Growth
GIGA.GREEN Continues Its Growth Path and Announces Partnership with Ichigo, Inc.
Berlin, July 11th, 2024
GIGA.GREEN has successfully completed a strategic growth financing round, securing EUR 25 million in equity from Ichigo Inc., a leading Japanese sustainable infrastructure company listed on the Tokyo Stock Exchange Prime Market. Via this capital increase, which marks Ichigo's first investment in European renewable energy, Ichigo has acquired a 24.39% stake in GIGA.GREEN.
GIGA.GREEN designs, develops, and operates commercial solar energy systems, battery storage, and charging infrastructure in Germany. With this financing, the company will further expand its operations and strengthen its market presence in Germany. The new funds will be primarily invested in the development of innovative technologies to enhance efficiency and in expanding the team.
The partnership with Ichigo underscores GIGA.GREEN's strategic direction and growth potential. Scott Callon, Chairman of Ichigo, states, "We are very excited about the partnership with GIGA.GREEN, a leading and innovative provider of renewable energy solutions in Germany. Climate change is real, and we need to act globally to reduce its devastating impact. We have thus been looking for a strong global renewable energy partner that shares Ichigo’s values of working cooperatively for a more sustainable world. GIGA.GREEN is that partner. Together, we will drive the energy transition and develop sustainable solutions for future generations.
Sebastian Schmidt and Wolfgang Röbig, Co-Founders and Co-CEOs of GIGA.GREEN, highlight the importance of Ichigo‘s investment. Sebastian Schmidt states, "This investment enables us to achieve our strategic goals faster and further consolidate our position as a leading provider in the industry. We are focussing on innovation and efficiency to offer our customers the best solutions in the field of sustainable energy." Wolfgang Röbig adds: "We are thrilled to have a strong and sustainable partner by our side, allowing us to provide more businesses with easy access to affordable and renewable electricity. This brings us a big step closer to our goal of saving one gigaton of CO2."
About GIGA.GREEN
Founded in 2018 by Sebastian Schmidt and Wolfgang Röbig, GIGA.GREEN is a leading German renewable energy solutions provider for commercial clients. The company offers its customers easy access to affordable and long-term stable solar energy without requiring any upfront investment. GIGA.GREEN's mission is to partner with its customers to save one gigaton (one billion tons) of CO2.
About Ichigo Inc.
Ichigo is a leading Japanese sustainable infrastructure company listed on the Tokyo Stock Exchange Prime Market (security code: 2337). Ichigo is dedicated to making the world more sustainable and operates 64 solar and wind power plants across Japan.
Clairfield International assisted GIGA.GREEN as financial advisor in this transaction.
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