ROTH Capital Partners Acts as Sole Placement Agent for
The sonnen Group in its $85 Million Series D Round

For more information please contact:

Investment Banking
Robert Stephenson
Managing Director
(949) 720-5750

rstephenson@roth.com


Jesse Pichel
Managing Director
(646) 358-1919
jpichel@roth.com

 

Brian Kremer
Director
(949) 720-5726
bkremer@roth.com

 

Josh Matthew, CFA
Vice President
(949) 720-7104
jmatthew@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703

agurewitz@roth.com

 

Nazan Akdeniz
Senior Vice President
(949) 720-5740

nakdeniz@roth.com

 

Lou Ellis
Senior Vice President
(949) 720-5739

lellis@roth.com

Transaction Information
The sonnen Group, the market leader in intelligent battery storage in Europe, successfully completed a new financing round with a total equity amount of $85 million.

The financing enables sonnen to continue its dynamic growth as an energy innovator in Germany and deepen its expansion into international markets. This continued growth includes the development of new products such as the energy sharing platform known as the sonnenCommunity and the further expansion of its business in the United States, Australia, UK and Italy.

Through this investment, two new partners are backing the growing energy services company, joining existing investors including eCAPITAL, MVP, SET Ventures, Inven Capital and GE Ventures. The international technology company Envision Energy, and Thomas Putter, former CEO and ex-Chairman of Allianz Capital Partners and a leading investor in renewable energy technology, gain a minority stake in sonnen.

ROTH Capital Partners views the energy storage industry as an emerging growth sector and enabler to continued renewable energy adoption. Energy storage technology has the potential to convert intermittent renewable energy sources to base load power, and will create new business models in energy rate arbitrage and cloud-based utilities of the future. ROTH has worked with a variety of public and private storage companies over the past few years serving as advisor on M&A and capital raise assignments.

ROTH Capital Partners acted as Sole Placement Agent for the transaction.

About The sonnen Group
With 15,000 sonnenBatterie systems installed worldwide, sonnen Group is a proven global leader in intelligent energy management solutions that provide greater energy control for residential and commercial customers through increased solar self-consumption, reduced peak energy usage and reliable backup power during outages – contributing to a cleaner and more reliable energy future. sonnen has won several awards for its energy innovations and sonnenBatterie products, including MIT’s Technology Review’s 50 Smartest Companies 2016, Cleantech Global 100 for 2015 and 2016, Greentech Media’s 2016 Grid Edge Award for innovation, and Cleantech’s 2015 Company of the Year Award in both Israel and Europe. For more information, please visit www.sonnen-batterie.com. (Source: Company Press Release | 12/6/16)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S.  For more information on ROTH, please visit
www.roth.com.

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