EnBW New Ventures

EnBW New Ventures (ENV) focuses on investing in European startups that are digitally enabling a faster asset roll-out, driving the sustainable energy & mobility transformation. They act as a single LP VC investor, backed by EnBW Group, which is involved in building, owning, and operating secure and stable infrastructure, including renewable generation & trading, grid infrastructure, and Germany’s largest fast-charging-infrastructure for electric cars. ENV looks for founders and startup teams who are experts in their fields, with diverse backgrounds and strong execution skills. They are particularly interested in scaling business models that support the vision of an all-electric world. ENV operates with a €100 million evergreen fund, allowing them to reinvest profits and provide continuous support to their portfolio companies. They aim to enable impact on their corporate backer, EnBW, through their investment strategy. The firm prioritizes financial performance as a precondition for success, while also recognizing the strategic value of aligning investments with EnBW's objectives in the energy transition. They see security as a prerequisite for sustainability, guiding their investments in areas like trustworthy AI and cybersecurity for critical infrastructure. ENV positions itself as an active investor, willing to lead or co-invest in rounds and take board seats. They emphasize building strong connections between their startups and the EnBW corporate group, facilitating synergies and strategic partnerships. While they operate as a Corporate Venture Capital (CVC) arm, they maintain an independent legal structure and investment process, ensuring agility and alignment with startup needs. This includes having external members on their investment committee to strengthen expertise and expedite decision-making.

Renewables, Batteries, Electrification of transport, Power Grid and Critical Infrastructure, Enterprise solutions, Cybersecurity, AI

Core thematic spaces, technologies, and target market segments of interest.