Electrification Fund I investment
Equity investment for European pre-seed and seed companies developing technologies for renewable energy, grids, storage and electrification.
Cette fiche est actuellement disponible en anglais.
Develop a company that helps generate clean electricity, manage grids, store energy or electrify mobility, industry and buildings. Electrification Fund I invests in European companies working on these parts of the energy system.
Vireo Ventures becomes a part-owner of your company through the investment. Its current fund overview states an initial investment range of €1–2 million.
Eligibility
- Your company must fit the pre-seed or seed stage: the early stages of developing and growing a business. The fund targets European companies advancing electrification that can grow substantially (highly scalable companies).
- Your business model must contribute to the transition to renewable energy and more efficient energy use, in line with net-zero goals.
- Vireo screens companies before investing. It excludes illegal economic activities, software intended for illegal network access or data downloads, fossil-fuel activities, and businesses involving tobacco, distilled alcoholic beverages, pornography or weapons. Companies must also demonstrate measures to reduce negative environmental or social impacts.
- Energy-intensive or high-emission activities are excluded unless the investment qualifies as environmentally sustainable under EU Regulation 2020/852, the EU Taxonomy. This is the EU framework for classifying environmentally sustainable activities. The activity must avoid significant harm to climate adaptation, water, the circular economy, pollution prevention and biodiversity. The company must also have procedures aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, including core labour rights.
- Vireo assesses company governance, including legal structure, ownership, checks on company identity, team background, boards or committees and remuneration.
- Portfolio companies must report annually on sustainability and adverse environmental and social impacts through Vireo’s external reporting provider. Reporting follows a best-effort approach where early-stage companies lack sufficiently available or reliable data.
How to apply
- Statut
- Dates non annoncées
Use Vireo Ventures’ Pitch us page to register for its monthly open office hours through Luma. You can book a slot without an introduction from someone who already knows the team.
Before an investment decision, Vireo reviews your pitch deck (a presentation of your company) and data room (the company documents shared for investor checks) and interviews founders about decarbonisation and the energy transition. It also assesses the business, finances, legal matters and, where needed, technical matters.