Future Energy Ventures (FEV), a German VC firm and collaboration platform of E.ON, announced on Monday that it has launched a Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF (the Fund).
The Essen-based VC team aims to create a decarbonised future through its energy transition venture fund. E.ON, energy networks, and energy-related infrastructure operator has committed to be anchor investor to the Fund.
In addition to the funds, BaFin, German’s financial regulator, has granted a license to a new independent company — Future Energy Ventures GmbH (FEV), with Jan Lozek as founder and managing partner.
The license enables FEV to raise capital from investors and fulfils the prerequisite to act as an advisor on the management of the Fund. This move comes as the FEV planned an independent future outside of E.ON.