Panasonic Corporation’s Heating & Ventilation A/C Company has invested $US32.6 million (€30 million) in tado° GmbH, a German based vendor agnostic European leader in home energy management solutions.
Through the equity investment, Panasonic will strengthen its collaboration with tado to drive synergies and accelerate innovation. Panasonic will also take a seat on tado°'s board.
This agreement builds on a business alliance announced in March 2024.
A start-up founded in 2011, tado is a leading vendor of Smart Thermostats (electronic device that remotely controls air-conditioning systems based on weather and temperature settings via an application), and has approximately one million household customers.
It was nominated for the Tech Tour Growth 50 – List 2025 as a potential European unicorn company, demonstrating remarkable growth in recent years.
Linking Panasonic's A2W and tado°'s Smart Thermostats and Heat Pump Optimizer will optimally control the temperature and amount of hot water generated by A2W, reducing energy consumption by more than 20 per cent.
By sharing product and service specifications, Panasonic and tado will jointly develop advanced operation control software for Panasonic Aquarea Heat Pumps.
Utilising real-world user data and field test insights, this software will enhance system efficiency and optimise performance. Scheduled for release via a software update in September 2025, it aims to achieve up to a 30 per cent reduction in energy consumption.
Panasonic leveraged its over 60 years of expertise in heat pump technology to launch its Aquarea Heat Pumps for residential use in Europe in 2008. A key strength of Panasonic’s Aquarea is its unique ability to maintain heating performance even in extremely cold climates.
In May 2023, Panasonic became the first Japanese manufacturer to adopt R290, a natural refrigerant with an ultra-low global warming potential, aligning with Europe's strong environmental focus.
A recent survey of tado customers in August 2024 revealed that approximately 75 per cent of households still rely on gas or oil heating systems.
Efforts to incorporate a Panasonic-specific design in tado's application are already underway, and the two companies will propose the unique combination of Panasonic’s A2W heat pump and tado solutions by promoting joint marketing through the use of applications and direct mail and introducing Panasonic’s trusted installation partners.