The energy transition is one of the most promising investment opportunities of our generation with a global estimated $9 trillion to be spent annually. Betting big on the sector, global venture capital firm supporting the transition to a sustainable future, Energy Impact Partners (EIP) has rolled out its first global expansion move with the launch of €390 million European Fund. Targeting mission-driven companies advancing the net zero carbon economy in Europe, the fund will back European startups to accelerate the growth of innovative technologies.
The fund will seek growth and venture investments across the continent, targeting mission-driven companies with established products, markets, and customers across the full spectrum of the energy transition. This includes high impact European tech companies that contribute to safer, more flexible and cleaner energy sources. It is structured to enable EIP to partner with European entrepreneurs, supporting their growth and success with a combination of capital and commercial support through EIP’s powerful coalition of industrial firms.
Partners and investors in the fund include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), AGL Energy, Chubu, DNV, Électricité de France (EDF) Group through its corporate venture capital arm EDF Pulse Ventures, EWE AG, Fortum, Microsoft’s Climate Innovation Fund and Shell Ventures.
EIP’s established presence in North America also offers European companies support to expand in the market and gives founders access to opportunities to exit in North America.
Talking about the new fund, Hans Kobler, founder and CEO of Energy Impact Partners said: “Europe is leading in the energy transition and is a key market on the road to net zero where we are seeing thousands of investable opportunities. We are thrilled to now be able to partner with brilliant European entrepreneurs to help accelerate the innovations tackling climate change. Our model of collaboration across entrepreneurs, industrial partners, and our highly-experienced team should also make it easier for European technologies to access the North American market.”
Matthias Dill, CEO and co-managing partner of EIP Europe added: “We are deeply rooted in the energy sector through our industrial coalition and our start-up portfolio. We use this central role to back the brightest founders in their efforts to build the most impactful businesses.”