Changers, a Potsdam, Germany-based operator of a social energy marketplace, raised $1.5m in Series A financing.
The company intends to use the funds to accelerate its product development plans.
Led by Markus Schulz, co-founder and CEO, Changers provides the Changers System, a social energy marketplace that enables people to produce their own energy, measure how much they produce, and convert it into a currency that can be used to buy sustainable goods and services from Changers’ commercial partners.
The company markets the Changers Starter Kit, comprising a portable PV solar panel and a portable solar battery that measures how much energy it captures and stores.
Since its launch just two years ago, the company has sold more than 5,000 Starter Kits and added 25 partners (including avocadostore, Coffee Circle, DriveNow, DHL, Grand St, Holstee, and nextbike) to the marketplace.