Sonnen Raises $71M and Kicks Off a Strategic Partnership With Shell

By [email protected] Sonnen, the German startup taking on Tesla and others in the nascent behind-the-meter energy storage market, has raised €60 million ($71 million) to grow in the U.S. and Australian markets. The company also inked a strategic cooperation agreement with its newest investor, Dutch energy giant Shell.

Shell Ventures led Tuesday’s investment, which brings sonnen’s total funding to date to roughly $180 million. That includes $85 million in 2016 from investors including GE Ventures, Germany’s eCapital and MVP, Dutch firm SET Ventures, and Czech company Inven Capital, as well as $3 million in 2013, $9.4 million in 2014, and $12 million

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