The fund focuses on investing in early-stage ventures and technologies that support the energy transition, particularly in decarbonising power, transport, and buildings.

So far, the Move Energy Fund has invested in five companies and aims to reach a final close by the end of the first quarter of 2025, with a hard cap of €150 million.

Marjut Falkstedt, Chief Executive of the EIF, emphasized the importance of such investments in promoting sustainable energy and addressing climate change, as highlighted during COP29.

Move Energy is dedicated to supporting early-stage companies that are pioneering solutions for decarbonisation in various sectors, emphasizing impact-driven investments.

The Fund targets the decarbonisation of the power and transport sectors as well as buildings, which are responsible for 55% of global CO₂ emissions.

Lex Roukens, Managing Partner at Move Energy, expressed enthusiasm about the EIF's investment, stating it validates their mission and supports further growth.

Amsterdam-based Move Energy Fund has secured a €35 million investment commitment from the European Investment Fund (EIF) for its Fund I, announced on November 21, 2024.

The Move Energy Fund I focuses on providing Series A funding to European hardware and software companies that facilitate the energy transition.

This new investment follows a previous €10 million raise from Invest-NL, bringing the Fund's total commitments to over €100 million, with contributions from more than 30 investors, including cornerstone investor Pon Holdings.

Falkstedt highlighted the importance of private initiatives in addressing climate change and the economic opportunities they present.

The EIF, which is part of the European Investment Bank Group, focuses on aiding micro, small, and medium-sized enterprises (SMEs) in accessing finance to support initiatives like the energy transition.