Energy unicorn 1Komma5 has raised €70m in a new funding round, according to Sifted. The company's plans for an initial public offering remain on ice, the report says.
The fresh capital gives the company more room to expand without the pressure of public markets. The decision to hold off on an IPO suggests that conditions for listings in the energy sector are still challenging.
The move highlights the cautious approach among some energy companies to going public. With this round, 1Komma5 continues to build its position in the energy transition market.