- Move Energy Fund I plans on closing the end of the first quarter of 2025 with a hard cap of €150m
- Fund I will focus on making Series A funding in European hardware and software ventures that accelerate the energy transition
- Fund I’s cornerstone investor is Pon Holdings
Amsterdam-based venture capital firm Move Energy has secured a €35 million commitment from the European Investment Fund, increasing the total for its debut fund to more than €100 million.
Move Energy Fund I, which has a hard cap of €150 million, plans to hold a final close at the end of the first quarter of 2025. The fund’s cornerstone investor is Pon Holdings.
Fund I will focus on making Series A funding in European hardware and software ventures that accelerate the energy transition. Its primary focus is on decarbonizing the power and transportation sectors, as well as buildings.
“This investment reflects our commitment to driving the energy transition,” EIF chief executive Marjut Falkstedt said in a statement. “As COP29 has highlighted once again, limiting global warming and the shift towards sustainable energy production, consumption and mobility, are critical in the fight against climate change. Private initiatives like this one are a signal that the market also sees economic opportunities in this context, and we are here to support them.”
The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises by helping them to access finance.
Move Energy was founded in 2021.
- Move Energy Fund I plans on closing the end of the first quarter of 2025 with a hard cap of €150m
- Fund I will focus on making Series A funding in European hardware and software ventures that accelerate the energy transition
- Fund I’s cornerstone investor is Pon Holdings
Amsterdam-based venture capital firm Move Energy has secured a €35 million commitment from the European Investment Fund, increasing the total for its debut fund to more than €100 million.
Move Energy Fund I, which has a hard cap of €150 million, plans to hold a final close at the end of the first quarter of 2025. The fund’s cornerstone investor is Pon Holdings.
Fund I will focus on making Series A funding in European hardware and software ventures that accelerate the energy transition. Its primary focus is on decarbonizing the power and transportation sectors, as well as buildings.
“This investment reflects our commitment to driving the energy transition,” EIF chief executive Marjut Falkstedt said in a statement. “As COP29 has highlighted once again, limiting global warming and the shift towards sustainable energy production, consumption and mobility, are critical in the fight against climate change. Private initiatives like this one are a signal that the market also sees economic opportunities in this context, and we are here to support them.”
The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises by helping them to access finance.
Move Energy was founded in 2021.
