Cleantech Leader METRON Secures €12.5M to Expand Energy Efficiency Solutions

Image Credit: Metron

METRON, a leading energy management and decarbonization solutions provider, has raised €12.5 million in its latest funding round. The investment was led by the German GET Fund, a prominent venture capital firm specializing in the energy sector, alongside existing backers BNP Paribas, Climate Investment, and Vertigo, who reaffirmed their support for the French cleantech company. This funding coincides with METRON’s market entry into Germany, marking a significant milestone in its European expansion.

As industrial decarbonization becomes a global priority, METRON is leveraging the new funding to bolster its strategy of acquiring major international accounts and building strategic alliances. The company already collaborates with global leaders such as Danone, Safran, and Arcelor Mittal and forges partnerships with key players like Fujitsu, Thailand's PTT, and Dalkia in France.

METRON’s early focus on Asia has proven instrumental to its growth. Since opening its first office in Singapore in 2018, the company has expanded to Malaysia, Thailand, and Indonesia, deploying solutions for industrial leaders across the Asia-Pacific region. In the Americas, METRON has established teams in Mexico and Colombia. By 2025, it plans to operate across 15 sites, further solidifying its position in global markets.

With this funding, METRON is poised to accelerate its mission of reducing carbon emissions and driving energy efficiency for industrial clients worldwide. By combining cutting-edge technology with strategic market expansion, METRON sets a new standard for sustainable industrial solutions, positioning itself as a critical player in the global cleantech landscape.

"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.”