Stabl raises €1 million from Energie360, Smart Energy Innovation Fund and Initiative for Industrial Innovators.

Stabl, a Munich, Germany-based energy manufacturer, announced completing a €1 million ($1.2M) capital invetsment raise.

The money was raised from the Swiss Energie360, the Smart Energy Innovation Fund, the Initiative for Industrial Innovators together with business angels.

Stabl, was founded by Arthur Singer, Christoph Dietrich, Martin Sprehe and Nam Truong based on research projects made at the Technical University of Munich and the University of the Federal Armed Forces in Munich. The company is developing a new generation of inverters that raise the performance and efficiency of battery storage to a higher level.