METRON, a player in the digital management of energy consumption and reduction of carbon emissions, announced that it has raised €12.5 million in financing, marked by the arrival of the German investor GET Fund. The €12.5 million round of funding is being led by the German GET Fund, a highly reputed venture capital investor in the energy sector, along with 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, amongst others with establishing a strategic alliance with electronics giant Fujitsu in April 2024, specifically covering the German territory in addition to the Japanese perimeter.
This is a significant milestone for the French cleantech company, reflecting the renewed confidence of its historic investors and setting METRON on the road to breakeven, forecasted by the end of 2025, in the promising industrial decarbonization market.
At a time when the impact of geopolitical issues on achieving the reduction targets set out in the Paris Agreements is being questioned, the need for finding reliable solutions to reconcile competitiveness, sovereignty, and industrial decarbonization has become strategic for governments worldwide.
Launched in 2013, METRON has become a key player in decarbonization in Europe and Asia in just a few years. Due to its real-time energy management and optimization solution, METRON has enabled more than 25,000 sites worldwide and 200 manufacturers to significantly reduce their carbon footprint.
This funding round will enable the French scale-up to reinforce its development strategy, based on the acquisition of major international accounts such as Danone, Safran and Arcelor Mittal – and forging of significant alliances with international players such as Fujitsu, Thailand’s PTT oil company, Dalkia in France.
METRON’s goal is to help manufacturers from all sectors to deploy and monitor their decarbonization roadmaps, turning objectives into measurable reality on the ground. Relying on innovative software, developed and tested for over 10 years, and on local teams specialized in energy and digital services, METRON enables manufacturers to take control of their carbon trajectory.
In Europe, this funding round supports structuring projects, such as the scale-up initiated by the Decarb Fast Track (DFT) program, whose latest pioneers’ meeting was held on October 16 in Paris, bringing together some fifty industrial companies committed to digitizing energy management. At this stage, due to the 11,000 data inputs from the 61 industrial sites of the program, 250 decarbonization projects have been identified, 80 of which are already underway.
Quickly convinced of Asia’s decarbonization potential, METRON focused its development on this region very early on, and opened its first office in Singapore in 2018. And now present in Malaysia, Thailand, Singapore and Indonesia, METRON’s expansion in the region has been made possible by successful deployments with industrial leaders in key Asia-Pacific markets (Indonesia, Singapore, Malaysia, Thailand, Japan, Korea, and New Zealand) and with international-scale clients.
METRON also covers the Americas with teams in Mexico and Colombia, with some 15 sites to be deployed across the continent by 2025.
KEY QUOTES:
“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.”
- 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. 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.”
- METRON CEO Vincent Sciandra
