METRON secures €12.5M for industrial energy management

METRON, a management provider for energy consumption and reduced carbon emissions, has raised €12.5M. Led by the German GET Fund, a highly reputed venture capital investor in the energy sector, alongside long-standing investors (BNP Paribas, Climate Investment and Vertigo) who have renewed their confidence in the French cleantech company. The investment of the GET Funds coincides with METRON’s market entry in Germany,

Industrial decarbonization has become strategic for governments around the world. This round will enable the French scaleup to reinforce its development strategy, based on the acquisition of major international accounts - such as Danone, Safran and Arcelor Mittal - and forge significant alliances with international players such as Fujitsu, Thailand's PTT oil company, Dalkia in France.

METRON focused its development on Asia very early on, and opened its first office in Singapore in 2018. Now present in Malaysia, Thailand, Singapore and Indonesia, Its expansion in the region has been made possible by successful deployments with industrial leaders in key Asia-Pacific markets. It also covers the Americas with teams in Mexico and Colombia, with some 15 sites to be deployed across the continent by 2025.

"We are proud to join this investment round in METRON, a company making a significant impact on industrial decarbonization. Partnering with our esteemed co-investors - Vertigo, BNP Paribas, and Climate Investment - we look forward to supporting METRON as it scales its innovative solutions and reinforces its leadership in sustainable energy management." said Martin Kröner, Partner at GET Fund.

“We are delighted by the renewed confidence of our historic investors, and by the arrival of the German GET Fund,” added METRON CEO Vincent Sciandra. “Thanks to this round of financing, we will be able to accelerate our growth strategy and consolidate our trajectory towards profitability by 2025. This support confirms the relevance of our international deployment, enabling us to provide global industrial groups with an energy management solution for their sites anywhere in the world, thanks to our regional presence and in-depth knowledge of local contexts. After 10 years, the decarbonization market is experiencing unprecedented momentum, but our ambition remains intact: to support our customers in transforming their stated decarbonization objectives into measurable reality at each of their plants.”