Hamburg-based climate tech startup 1Komma5 has discussed delaying its long-awaited IPO until after the next US election in 2028, Sifted understands.
The company was originally targeting a 2025 listing, but shelved plans for a float after US president Donald Trump wreaked havoc on the public markets with his unprecedented barrage of tariffs on global trading partners.
In December last year, 1Komma5 — which offers green energy tech to consumers such as solar panels, batteries, EV charging tech and heat pumps — raised €150m in what it described as “pre-IPO financing”, co-led by Californian pension fund CalSTRS and G2 Venture Partners. By that point, the company said it aimed to list in 2026.
Sifted understands some investors have advised the company to hold off on listing until after the next US election. One source tells Sifted there are concerns the public markets may remain unpredictable until then.
A number of companies delayed their IPO plans amid the market turbulence triggered by Trump’s tariffs package last month. Swedish fintech Klarna was set to list in April but held off on doing so.
Since launching in 2021, 1Komma5 grew steadily through savvy acquisitions of smaller solar panel and heat pump installer businesses. Those deals have been paid for in part by giving acquired companies the right to participate in future fundraising activity, meaning they could profit from a potential IPO.
“If we are listed, it’s much easier for us to do asset deals,” CEO and founder Philipp Schröder told Sifted last year.
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