Germany – E.ON, the European Investment Fund (EIF), and Future Energy Ventures (FEV) have launched a fund with an initial volume of €110 million, aiming for a substantial target size of €250 million.
Both E.ON and EIF have secured a mid-double-digit million euro stake as anchor investors. This fund, managed by FEV, is set to champion digital solutions driving the energy transition, primarily investing in start-ups and scale-ups.
The fund
The fund’s capital is dedicated to sustainable investments across three core themes: future energy, future cities, and future technologies, all with explicit decarbonization potential. It targets 30 new investments, focusing on innovation hubs in Europe, North America, and the Middle East, with an average initial investment ticket size ranging from €1-10 million for early-stage ventures.
The fund, set to finalize its closing in the fourth quarter of 2024, positions E.ON as a key player in fostering innovation and sustainable practices, creating a robust ecosystem for transformative partners to invest in the energy transition collectively.
