Energy Impact Partners raises €390m to accelerate net zero transition

Its European Fund will target ‘mission-driven’ companies with established products, markets and customers across the full spectrum of the energy transition

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Energy Impact Partners (EIP) has launched in Europe with €390 million (£339m) to accelerate the transition towards a net zero economy.

The global venture capital firm’s European Fund was supported by financial and impact investors such as Microsoft’s Climate Innovation Fund, APG on behalf of its pension fund client ABP and Nysnø Climate Investments, a wholly-owned subsidiary of the Norwegian Ministry of Trade, Industry & Fisheries.

The Fund will target “mission-driven” companies with established products, markets and customers across the full spectrum of the energy transition.

That includes high-impact European technology companies that contribute to safer, more flexible and cleaner energy sources.

EIP has already invested in 11 companies in Europe, including renewable energy supplier Zolar, EV charging solutions producer EV.energy and portable batteries Instagrid.

Hans Kobler, Founder & CEO of Energy Impact Partners said: “Europe is leading in the energy transition and is a key market on the road to net zero where we are seeing thousands of investable opportunities. We are thrilled to now be able to partner with brilliant European entrepreneurs to help accelerate the innovations tackling climate change.

“Our model of collaboration across entrepreneurs, industrial partners and our highly-experienced team should also make it easier for European technologies to access the North American market.”