The 1Komma5 climate start-up of former Tesla manager Philipp Schröder takes over important Tesla partners in the Australian market.
German start-up 1Komma5 is taking over Australia’s market leader for solar and battery installation, Natural Solar, for an undisclosed amount. Which reports Business Insider. In Australia, Natural Solar is a key partner of Elon Musk’s electric car maker Tesla, which installs the cars’ solar energy storage systems. 1Komma5 founder Philipp Schröder previously worked as a manager under Musk.
His start-up installs and maintains solar systems, electricity storage, charging infrastructure and heat pumps. To expand, Schröder’s start-up takes over and brings together local craft companies. Here’s how 1Komma5 should become a global supplier. The Australian market plays an important role here: Schröder intends to invest over 65 million euros there over the next 18 months. Up to six other companies will be acquired on the continent.
So far, the start-up has mainly operated in Germany and Sweden. Schröder founded 1Komma5 last summer and, according to his own statements, has since taken over 15 companies and employs more than 750 people across 25 locations. In 2023 the start-up wants to turn over more than 600 million euros.
