InnoEnergy was established in 2010 as an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. Since its inception, EIT InnoEnergy has screened more than 7,000 start-ups, launched more than 300 products to market and overseen its portfolio companies filing over 370 patents.
EIT InnoEnergy completed a EUR140 million private placement in September 2023, attracting six new investors and raising new funds from eight shareholders.
It has a trusted ecosystem of over 1200 partners and 38 shareholders and an over 200-strong team with offices across Europe and in Boston, US.
The new investors join the 35 other existing shareholders representing the industrial, financial, training and digital sectors. These include: AGH, Augur SCMT, Capgemini, CEA, EDF, ENGIE, Esade, Grenoble INP-UGA, Groupe Idec, ING, Karlsruhe Institute of Technology, Koolen Industries, KTH, KU Leuven, Naturgy, NIIT, Politechnika Śląska, Pulse – CMA CGM Energy Fund, Rafako Grupa PBG, Renault Group, Santander CIB, Schneider Electric, Siemens Financial Services, SIPLEC E.Leclerc, Société Générale, Stena Recycling, Técnico Lisboa, TOTAL, TU/e, Universitat Politecnica de Catalunya, Universität Stuttgart, Uppsala Universitet, VITO, Volkswagen Group, and Wroclaw University of Science and Technology.
The use of proceeds will be similar to last year’s private placement: increase new deal flow, accompany the current 200 portfolio companies in their growth, increase the launch of new industrial champions, capturing opportunities from the new regulatory NZIA (Net Zero Industry Act) framework, accelerate the expansion in the US.
(English version by Loredana Fratila-Cristescu)