Munich-based Tado°, a smart home energy management company, has secured €30 million in funding from Panasonic Heating & Cooling Solutions Europe to accelerate its AI-driven climate control technology.
This investment strengthens the partnership formed last year, which integrates Panasonic’s heat pump technology with Tado°’s energy-efficient heating and cooling solutions.
Optimizing Heating & Cooling for Energy Efficiency
Founded by Christian Deilmann, Johannes Schwarz, and Valentin Sawadski, Tado° aims to:
- Reduce heating and cooling energy consumption by up to 28% through automation.
- Lower carbon emissions and energy costs while maintaining user comfort.
- Enable smart scheduling, geofencing, and weather-adaptive temperature adjustments.
The company’s app-controlled thermostats work with various heating systems, including radiators, underfloor heating, heat pumps, and air conditioning units. The startup also collaborates with energy providers and installation firms to enhance accessibility.
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Growth & Market Expansion
- Over 1 million devices are in use globally.
- A study by Fraunhofer Institute for Building Physics (2022) validated its energy-saving benefits.
- Tado° aims to become a unicorn, with its latest valuation reportedly in the mid-hundreds of millions.
Panasonic Partnership & Future Plans
This funding will support the firm in:
- Expanding its energy management solutions across Europe.
- Enhancing AI-driven efficiency for heat pumps and climate systems.
- Scaling its technology while maintaining an open-platform approach.
With €30M in new investment, Tado° is set to redefine energy-efficient home climate control, making buildings smarter, greener, and more cost-effective.
