FEV’s 2021 Portfolio Highlights
“Amid the continued Covid-19 pandemic, 2021 offered some silver linings, including the accelerated rate of digitization and an intensified focus on environmental sustainability. At the growing intersection of these two parameters, digital players are transforming the energy ecosystem with new technologies at a faster pace than ever before. This is evident in the growth and successes of our portfolio companies over the past year. We are proud to support our start-ups with the tools they need to innovate further, roll out their solutions on a larger scale and maximize their potential with new strategic partners.
“In 2022, we look forward to further strengthening our portfolio and taking our promising start-ups in the fields of future energy, cities, and technologies to the next level. We’d like to take this opportunity to thank you for your continued support and contribution toward the success of the energy transition.”
– Ines Bergmann-Nolting and Jan Lozek, Founding & Managing Partners, Future Energy Ventures
POWER OF OUR START-UPS
Continued growth and progress (as of Dec 31st, 2021)
50+ investments in 9 countries, including in Europe, North America, Israel, and Asia
Increased multiple on invested capital of exits to 2.1x
POWER OF OUR PLATFORM
Start-ups continued to attract investment
Our start-ups have raised $75m+ across 7 financing rounds in 2021
$26m in financing to bolster its utility electrification and decarbonization innovations
$30m Series B funding as their AI for construction technology reaches 12 countries
Financing will support further market expansion and enable Basking to enhance the platform for partner app developers
$9m funding round closed to accelerate global roll-out of smart charging services
$6m investment to enter new markets and expand immersive streaming platform XRnow
£1.35m convertible note round to fund expansion
€6.5m Series B funding to enhance its energy-as-a-service platform and services
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
51 collaborations with E.ON, involving our portfolio companies
Several portfolio companies joined E.ON’s new community space, Republic of Innovators, which connects leaders and experts in energy sustainability and innovation
E.ON and eSmart Systems joined forces to digitalize the inspection of overhead lines
E.ON Next partnered with ev.energy to launch one of the UK’s cheapest off-peak EV tariffs in a drive towards sustainability
Nuventura began co-operation with E.ON regional subsidiary E.DISwith 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
HoloBuilder was acquired by FARO, a global leader of 3D measurement, imaging, and realization solutions for manufacturing, construction, and public safety analytics industries
E.ON announced the acquisition of a majority stake in gridX
