Germany-based venture capital firm Future Energy Ventures, the collaboration platform of E.ON, announced the launch of its new Fund. The company introduced the Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF (the Fund), on August 15, 2022. E.ON intends to serve as an anchor investor for the Fund.
Purpose of the Fund launched by Future Energy Ventures
The Essen-based VC team aims to create a decarbonized future through its energy transition venture fund. The launch of the Fund is an essential step in the requisite direction.
The new independent company Future Energy Ventures GmbH (FEV), has already received a license from BaFin, Germany’s financial regulator. Jan Lozek will serve as founder and managing partner of the new company. The permit allows FEV to raise capital from investors. It also enables the company to fulfil the prerequisite to act as an advisor on the management of the Fund.
The new Fund intends to focus primarily on Series A and B companies in digital and scalable business models. The companies selected should transform the traditional energy value chain toward net zero. The three core investment themes of the Fund within the energy sector are – future energy, future cities, and future technologies.
Moreover, under Article 9 of the SFDR regulation, the new Fund aims to funnel 100% of its capital toward sustainable investments. FEV seeks to explore opportunities in the innovation hubs of Europe, North America and Israel. The total ticket size of the Fund stands at EUR 250 million. It is expected to hold its final closing in 2023. Global fund service provider Apex Group administered the Fund.
What the E.ON. official has to say
Thomas Birr, Chief Strategy and Innovation Officer at E.ON, said, “We need innovative technologies to transform the traditional energy value chain and build a net-zero economy. In recent years, our venturing team proved to be the ideal partner to bring those technologies to E.ON. As an anchor investor of the new Future Energy Ventures Fund, we will continue the successful collaboration.”
What the FEV founder has to say
Jan Lozek, Founder and Managing Partner of FEV, said, “With 30 billion dollars of VC investments into climate tech companies in 2021 and 70% of the global economy committed to achieving net-zero, climate tech has become a primary investment strategy – and rightly so if we are to make any progress towards net-zero carbon emissions by 2050. We are engaged in advanced discussions with a number of well-known strategic investors as well as institutional investors and family offices. With an expanded base of like-minded investors, we look forward to teaming up with exceptional entrepreneurs to further decarbonize energy and help build an energy system for future generations.”
About Future Energy Ventures
Jan Lozek is the founder of Future Energy Ventures. The company was established in 2020. It is the venture capital investment and collaboration platform for E.ON.
The latter is one of Europe’s largest operators of energy networks and energy-related infrastructure. FEV seeks investment opportunities in digital and digitally-enabled technologies and business models that possess the potential to revolutionize the future energy landscape.
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