FEV’s Q3 Portfolio Update
“Future Energy Ventures exists to invest in the underlying technologies and infrastructure that will get us to a net-zero-carbon energy system and create a sustainable, prosperous future.
We love our job and take pride in helping our pioneers to build their businesses and make the connections they need to accelerate their growth. The achievements of the past months are testament to the passion that motivates the FEV team and our portfolio start-ups as we strive forward on our joint mission to transform the energy landscape.”
– Ines Bergmann-Nolting and Jan Lozek, Founding & Managing Partners, Future Energy Ventures
POWER OF OUR START-UPS
Continued growth and progress on carbon footprint reduction
(as of September 30, 2021)
Enervee rolled out Eco Financing, an innovative program to make it easy and affordable to purchase energy-efficient appliances
DABBEL AI reduces CO2 emissions and energy per building by an average of 28% with the implementation of their AI in the building in less than 1 week
Sight Machine’s data streaming platform enables the digital transformation of manufacturing, resulting in a 10% – 15% reduction in energy consumption per part produced
Tado now manages more than 1.5m Smart Thermostats in real-time via their cloud in order to improve energy efficiency for their customers
Thermondo’s innovative heating solutions have reduced over 13,000 tons of CO2 emissions to date
Virta’s platform for electric vehicle charging has connected almost 40,000 charging points
POWER OF OUR PLATFORM
Start-ups continued to attract investment
$9m funding round closed to accelerate global roll-out of smart charging services
$26m in financing to bolster its utility electrification and decarbonization innovations
$30m Series B funding as their AI for construction technology reaches 12 countries
POWER OF OUR NETWORK
We facilitated connections to help start-ups innovate and work with utilities and/or organizations, opening up a new business and future revenue streams
Several portfolio companies joined E.ON’s new community space, Republic of Innovators, which connects leaders and experts in energy sustainability and innovation
42 active projects in partnership with E.ON, involving our portfolio companies
Nuventura began co-operation with E.ON regional subsidiary E.DIS with the aim of replacing the fluorinated gas, SF6, in distribution grids
Intertrust partnered with Autogrid, expanding its toolkit for smart city planning with Autogrid’s energy optimization software
POWERING ON
Successful exits to create value and maximize the potential of our portfolio companies
The cloud-based platform for proactive traffic management was sold to global AI company Rekor System
E.ON announced the acquisition of a majority stake in gridX
