USA – EIT InnoEnergy, an Eindhoven, The Netherlands-based sustainable energy investor, raised over €140M in private funding.
The round saw participation from new investors Societe Generale, Santander CIB, PULSE – CMA CGM Energy Fund, Renault Group, Stena Recycling and NIIT, and existing investors such as Siemens Financial Services, Schneider Electric, Capgemini, Volkswagen Group, ING, Koolen Industries, GROUPE IDEC and Engie.The company intends to use the funds to increase new deal flow, accompanying the current 200 portfolio companies in their growth, accelerate the launch of new industrial champions such as InnoEnergy company builders, and capture the opportunities created by new regulatory frameworks, and boost the expansion in the US.Led by Diego Pavia, CEO, EIT InnoEnergy is an energy investor in early-stage innovative technologies and teams in clean tech. The firm accelerates, de-risks and boosts global business cases through its ecosystem of more than 1200 partners. The managed ecosystem incorporates industrial players of all sizes, investors (public and private, equity and debt), academia, research centres and public administration. Since its inception in 2010, InnoEnergy provides support to global innovators through their full life cycle (from early stage to industrial scale), with a one stop shop model. Since its inception in 2010, EIT InnoEnergy has screened more than 7,000 startups, launched more than 300 products to market and overseen its portfolio companies filing 370+ patents. It currently has a portfolio of 200 companies, three of which are unicorns, on track to generate €110 billion in revenue. Collectively, these companies have raised €9.7 billion in investment to date. 08/09/2023
