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Siemens to build major battery storage facility in Germany
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Siemens plant leistungsstarken Batteriespeicher in Bayern
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Siemens Planning to Build One of Europe s Most Powerful Battery Storage Facilities
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New Delhi: 75F, which designs and manufactures IoT-based Building Management System, on Friday said it has raised USD 5 million from Siemens AG, bringing total Series A funding to USD 28 million.
Next47, a global venture capital firm backed by Siemens, led the investment on behalf of Siemens Smart Infrastructure, said a statement from 75F. 75F has raised USD 5 million from Siemens AG in this round, said the Bengaluru-headquartered company. Siemens AG joins previous investors including Bill Gates Breakthrough
Energy Ventures, Climate Initiative, and WIND to accelerate company expansion, it added. The latest influx in 75F s Series A funding round brings the Minneapolis-based company s total funding to USD 28 million, said 75F.
Smart energy startup 75F raises $5 mn from Siemens, taking the total Series A funding to $28 mn
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