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EIF: Investing in energy transition and decarbonisation with Future Energy Ventures Fund I

    Date: 30 January 2024
  • €60 million to Future Energy Ventures Fund I to support early-stage companies in decarbonisation, sustainable development and energy sector technologies
  • The EIF investment aligns with the Fund's goal of addressing the demand for innovative solutions that contribute to a greener and more sustainable future.

The European Investment Fund (EIF) is investing €60 million in Future Energy Ventures Fund I, which aims at investing in early-stage companies with a clear decarbonisation impact, supporting the energy transition. The Fund, with a target size of €250 million, is managed by Future Energy Ventures (FEV), a global venture capital investor that transitioned from E.ON’s in-house investment advisor to an independent VC firm. The investment strategy of the Fund focuses on digital and software-enabled business models, often combined with hardware, that contribute to decarbonising the energy sector.

EIF Chief Executive Marjut Falkstedt said: "Better managing our energy needs is one of the most important challenges of our time. That’s why we are excited about our participation in Future Energy Ventures Fund I. This investment aligns perfectly with the EIF’s strategic objectives and our commitment to driving the energy transition and supporting decarbonisation efforts across Europe."  

Founder and Managing Partner of FEV Jan Lozek said: “The clean energy economy is the greatest business opportunity of our generation, and we are excited to be raising our second fund at this pivotal moment. Progress on innovation and investment has been steady, but there is still much work to be done to bring about sufficient speed and scale for a full transition to net zero emissions. With FEV’s track record of portfolio successes, an extensive network of industry partners, our highly collaborative approach and deep sector focus, we are in a unique position to drive the digitalisation and decarbonisation of the energy system. We are grateful to our investors for their commitments to our Fund and look forward to continuing discussions with potential institutional and strategic investors that share our vision.”

Future Energy Ventures Fund I offers an attractive platform for matching portfolio companies with corporate partners, leveraging their deep understanding of the energy sector and access to a broad network of industry experts as well as other utilities and corporates in Europe and the United States.

Background information:

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.

About Future Energy Ventures

Future Energy Ventures (FEV) is a global venture capital firm that brings together corporate partners and world-class startups to shape the future energy landscape. Founded in 2016 with €250 million in assets under management, FEV is targeting Series A and B startups with digital and scalable business models focused on sustainable energy, smart cities and frontier technologies designed to accelerate the energy transition and decarbonise society. Future Energy Ventures invests globally from its operational hubs in Germany, Israel and Silicon Valley, providing financing and scaling opportunities for high-potential companies creating digital and digitally-enabled climate technologies with the power to disrupt traditional energy supply chains and redefine the future energy landscape.

For more information visit www.fev.vc

Press contacts

EIF: Serena Sertore | s.sertore@eib.org | tel.: +352 437 970 859
Website: wwww.eif.org/ | Press Office: +352 4379 21000 — press@eib.org

Sebastian Ries | bastian@opnrs.com | tel.: +49 176 323 99 404
Website: www.opnrs.com | fev@opnrs.com

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


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