Valdis Dombrovskis

Vice President

Pearse O'Donohue

Director for the Future Networks, DG CONNECT

Past deals in Smart Cities

City and Me

Grant in 2024
City and Me is a digital response to the citizens' needs to communicate, be active, and act sustainably in their communities.

Lightsource BP Renewable Energy Investments

Debt Financing in 2024
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.

IMotion Analytics

Grant in 2024
Imotion Analytics specializes in providing Artificial Vision as a Service (AVaaS) through advanced computer vision technology that transforms extensive video data into real-time, actionable insights. Their proprietary AI platform is designed to be hardware-agnostic and highly scalable, facilitating rapid deployment in various sectors including public infrastructure, transportation, and smart cities. By offering enhanced behavioral analytics and operational intelligence, Imotion enables clients to make informed decisions that improve safety, efficiency, and regulatory compliance while protecting privacy. The company's solutions help optimize mobility and reduce operational costs, making it a valuable partner for cities and enterprises looking to leverage AI in their operations. Additionally, Imotion's business model emphasizes recurring revenue, positioning it strategically within the evolving computer vision landscape.

Kikleo

Debt Financing in 2023
Kikleo provides smart solutions for monitoring the food waste in restaurants and collects and analyzes the data to implement solutions.

algoWatt

Post in 2023
algoWatt specializes in designing, developing, and integrating solutions for the management of energy and natural resources, emphasizing sustainability and social responsibility. The company focuses on providing management and control systems that combine devices, networks, software, and services across several sectors, including digital energy and utilities, smart cities and enterprises, and green mobility. Its product offerings include various solutions such as building energy management systems, invoicing and metering tools, and geographic information systems. algoWatt emerged from the merger of TerniEnergia, known for its expertise in renewable energy and environmental services, and Softeco, a seasoned IT solution provider with extensive experience in the energy, industrial, and transportation sectors.

Verne

Grant in 2023
Verne builds an ecosystem to progress society through a journey of curiosity and innovation. The company adopts an integrated approach, including vehicle design, infrastructure development, and the full digital experience. Verne is about moving forward together.

Stockholm Exergi

Grant in 2022
Stockholm Exergi is an energy company based in Stockholm that specializes in producing resource-efficient district heating, district cooling, and electricity. The company is dedicated to reducing waste and promoting sustainability through the design, construction, and operation of biomass combined heat and power (CHP) plants. By focusing on these environmentally friendly technologies, Stockholm Exergi aims to contribute to a climate-positive urban environment for its residents.

Orbisk

Grant in 2021
Orbisk is a developer of automated food waste monitoring equipment aimed at enhancing sustainability in the food system. The company provides hospitality organizations with a waste bin outfitted with a scale and a smart camera that employs artificial intelligence image recognition algorithms. This technology allows for the identification of food waste ingredients through images, enabling restaurants to accurately quantify the volumes of food they discard. By offering actionable insights through a user-friendly dashboard, Orbisk helps organizations identify and optimize inefficiencies in their food-providing processes, ultimately leading to significant reductions in wasted food and improvements in both sustainability and profitability.

Serendipity

Seed Round in 2021
Serendipity helps ecosystems see the future and create sustainable, resilient, and livable cities.

Lightricity

Grant in 2019
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.

Green City Solutions

Grant in 2018
Green City Solutions GmbH, founded in 2014 and based in Berlin, Germany, focuses on addressing air pollution through innovative waste management solutions. The company has developed the “CityTree,” a product that features a specially designed, vertically installed moss culture combined with Internet-of-Things (IoT) technology. This unique system targets particulate matter, nitrogen dioxide, and ozone, improving air quality by utilizing specific plants that purify the air while also providing cooling and humidification. The CityTree is equipped with sensors that gather environmental and climatic data, allowing for the regulation and optimization of plant performance. Additionally, the collected data contributes to enhancing the understanding of environmental conditions in urban areas.

Zenergy Power

Grant in 2008
Zenergy Power was a Smart Grid superconducting startup founded from SC Power Systems, with a 2006 IPO on LSE as Zenergy Power plc.
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