Investing in vitality transition and decarbonisation with Future Power Ventures Fund I  

The European Funding Fund (EIF) is investing €60 million in Future Power Ventures Fund I, which goals at investing in early-stage corporations with a transparent decarbonisation affect, supporting the vitality transition. The Fund, with a goal measurement of €250 million, is managed by Future Power Ventures (FEV), a world enterprise capital investor that transitioned from E.ON’s in-house funding advisor to an unbiased VC agency. The funding technique of the Fund focuses on digital and software-enabled enterprise fashions, usually mixed with {hardware}, that contribute to decarbonising the vitality sector.

EIF Chief Government Marjut Falkstedt stated: “Higher managing our vitality wants is without doubt one of the most necessary challenges of our time. That’s why we’re enthusiastic about our participation in Future Power Ventures Fund I. This funding aligns completely with the EIF’s strategic goals and our dedication to driving the vitality transition and supporting decarbonisation efforts throughout Europe.” 

Founder and Managing Accomplice of FEV Jan Lozek stated: “The clear vitality economic system is the best enterprise alternative of our era, and we’re excited to be elevating our second fund at this pivotal second. Progress on innovation and funding has been regular, however there may be nonetheless a lot work to be accomplished to result in ample velocity and scale for a full transition to web zero emissions. With FEV’s observe document of portfolio successes, an intensive community of trade companions, our extremely collaborative strategy and deep sector focus, we’re in a singular place to drive the digitalisation and decarbonisation of the vitality system. We’re grateful to our buyers for his or her commitments to our Fund and sit up for persevering with discussions with potential institutional and strategic buyers that share our imaginative and prescient.”

Future Power Ventures Fund I presents a sexy platform for matching portfolio corporations with company companions, leveraging their deep understanding of the vitality sector and entry to a broad community of trade specialists in addition to different utilities and corporates in Europe and the USA.

Background data:

The European Funding Fund (EIF) is a part of the European Funding Financial institution Group. Its central mission is to assist Europe’s micro, small and medium-sized enterprises (SMEs) by serving to them to entry finance. The EIF designs and develops enterprise and development capital, ensures and microfinance devices which particularly goal this market section. On this position, the EIF fosters EU goals in assist of innovation, analysis and growth, entrepreneurship, development and employment.

About Future Power Ventures

Future Power Ventures (FEV) is a world enterprise capital agency that brings collectively company companions and world-class startups to form the longer term vitality panorama. Based in 2016 with €250 million in belongings underneath administration, FEV is focusing on Collection A and B startups with digital and scalable enterprise fashions targeted on sustainable vitality, good cities and frontier applied sciences designed to speed up the vitality transition and decarbonise society. Future Power Ventures invests globally from its operational hubs in Germany, Israel and Silicon Valley, offering financing and scaling alternatives for high-potential corporations creating digital and digitally-enabled local weather applied sciences with the energy to disrupt conventional vitality provide chains and redefine the longer term vitality panorama.

For extra data go to www.fev.vc