Tado° secures €30M Investment from Panasonic to expand Smart Heating Solutions

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Tado° secures €30M Investment from Panasonic to expand Smart Heating Solutions
©  Christian Deilmann

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.

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