New €110M Fund for Digital Energy Transition Solutions
Future Energy Ventures (FEV) is a fund, closely linked to E.ON and innogy with its 50 companies, that invests in startups from Europe, Israel and the USA with concepts for the energy transition and decarbonization. Product-market fit should be validated, so investments tend to be series A and beyond. While FEV believe in localized, renewable energy production and microgeneration, startups can provide solutions in the fields of energy (storage, distribution, or management), smart cities (encompassing smart buildings, future mobility, or connected urban infrastructure), and technologies including cybersecurity as well as enabling tech such as IoT, robotics and drones, and more. Now E.ON and the European Investment Fund (EIF) have anchored a new fund which already contains €110M and aims to fill up to €250M, according to the press release. The capital is allocated entirely towards sustainable investments with clear decarbonization potential. “The clean energy economy is the greatest business opportunity of our generation,” says Jan Lozek, founder and managing partner of FEV.