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Welcome to our newest investment: Rondo Energy. The company makes heat batteries that turn intermittent electricity into continuous, high-temperature heat and power, perfect for textile factories. “Rondo is H&M Group Venture's first investment in decarbonisation technology. The company's thermal battery energy storage has the potential to help factories electrify, which is key to achieving our climate targets. We look forward to working closely with Rondo and the broader ecosystem in scaling decarb tech”, says Laura Coppen, Investment Manager at H&M Group Ventures. This latest investment will support our ongoing work to decarbonise our supply chain. The next step is to explore how Rondo’s technology could be used in our supplier factories. #Investment #HMGroup #HMGroupVentures #Decarbonisation #Climate #SupplyChain

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Md. Jakir Hossain

Senior Merchandising Manager/H&M/LcWaikiki/Dewhirst/Centro/DU/IBA

3mo

Is it possible to know more detail like how much an owner has to spend to get how much !

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Shivam Gusain

Water Engineer, Dyestuff Chemist & LCA analyst | All opinions expressed are personal

4mo

Exciting news! Technologies like Rondo’s batteries are exactly what the textile industry needs to advance on its decarbonisation journey. 

Congratulations to the entire Rondo Energy team!

Sam Edwards

Partner at Crowell advising entrepreneurs and investors in Energy, Gov Con, and heavily regulated industries

3mo

Congrats to H&M and Rondo on another successful milestone!

Augusto Lacerda Krambeck

HR Senior Executive | HR Senior Manager | Total Rewards and Benefits | Labor and Union Relations | HR Operations | HR Technology

4mo

So proud of our company!!! ❤️

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