German tech startup 1Komma5 joins Klarna in shelving US IPO plans


FILE PHOTO: A man enters the New York Stock Exchange (NYSE) in New York City, U.S., March 17, 2025. REUTERS/Kylie Cooper/ File Photo

(Reuters) - German unicorn 1Komma5 Grad has joined Sweden's Klarna in reassessing plans for a U.S. float as President Trump's renewable energy and trade policies have roiled markets.

The energy startup, which uses AI to provide solar power, energy storage and e-mobility solutions, says after recent fundraising it is valued at just over $1 billion to join a select club of unicorn status companies in Germany. It was aiming for an initial public offering on NASDAQ in 2025.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

First Robot: Melania Trump brings droid to White House event
Why AI means animal testing is not always needed to trial new medicines
Day of reckoning arrives for social media after US court loss
Teens get probation after using AI to create fake nudes of classmates
Revolut to base 40% of its global workforce in India by 2026
Apple rolls out age checks for UK users
Munich Re: AI making cyber attacks costlier and more effective
Nanya Technology shares surge 10% after $2.5 billion fundraising
Nvidia-backed Reflection AI eyes $25 billion valuation, WSJ reports
Hundreds of teens to trial social media bans in UK pilot project

Others Also Read