Hycube
An engineering world class renewable energy storage solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 Valuation: €0.0 3.3x EV/Revenue | round | |
* | N/A | Growth Equity VC | |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 192 % | 73 % | (26 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (48 %) | 1 % | 15 % | 41 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Based in Mannheim, Germany, Hycube Technologies GmbH operates as a manufacturer of smart energy solutions, targeting homeowners seeking greater independence from traditional energy suppliers. Founded in January 2014, the company has established itself within the renewable energy sector by providing integrated systems for energy generation and storage. The current management team includes CEO Rainer Appold, COO Nina Appold, and CTO Holger Koch.
The company's business model is centered on the direct sale of its energy storage solutions. Hycube's product line is designed to reduce household reliance on the grid by 80-90%. Key offerings include the HYCUBE.storage, a hybrid power storage system; HYCUBE.complete, an all-in-one package with a solar system and power storage; HYCUBE.drive, an e-charging station; and HYCUBE.heat, which utilizes solar power for heating and hot water. These systems are managed through a proprietary Home Energy Management Software, which can be controlled via a touch screen on the unit, a web portal, or mobile apps. The software integrates with various home devices, including EV chargers and smart sockets, to optimize energy flow.
Hycube has achieved several significant milestones since its inception. The first lithium-ion electricity storage system, the e.Compact, was introduced in March 2016. By May 2019, the company reached operating profit breakeven. A notable achievement in its funding history was a successful Seedrs crowdfunding campaign in 2020, which raised significant capital from over 1,000 investors. In December 2022, Hycube secured a substantial investment from Bridges Fund Management, a private equity firm, to fuel its expansion across Germany and other European markets. This investment also supports the future development of a Virtual Power Plant (VPP) product, which is planned to operate on a subscription basis.
Keywords: energy storage, battery storage, renewable energy, smart home energy, solar power systems, home energy management, residential energy solutions, EV charging, power storage, decentralized energy, smart grid, sustainable energy, energy independence, lithium-ion batteries, virtual power plant, energy efficiency, Mannheim, cleantech, solar energy storage, energy management software