Future Energy Ventures

Future Energy Ventures, established in 2020 and headquartered in Essen, Germany, is a venture capital firm focusing on the energy and infrastructure sectors. It invests in early-stage companies, primarily in Europe, that operate in the realms of future energy, cities, and technologies. The firm's unique approach involves collaboration with corporate partners and top-tier startups to shape the future energy landscape. With operational hubs in Germany, Israel, and Silicon Valley, Future Energy Ventures seeks global investment and scaling opportunities for its portfolio.

Patrick Elftmann

Managing Partner

Veronique Hördemann

Managing Director and CFO

Jan Lozek

Co-Founder and Managing Director

Ohad Mamann

Partner

Natalie Milde

Investment Associate and ESG and Impact Lead

Jan Palasinski

Investment Partner

Giancarlo Savini

Investment Principal

Past deals in Smart Cities

eSmart Systems

Venture Round in 2024
eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.

Piclo

Venture Round in 2024
Piclo is an independent marketplace focused on enhancing the efficiency and sustainability of electricity grids. The company provides a platform that leverages local and flexible energy markets, integrating renewable power sources, battery storage, and electric vehicles to support grid balancing. By facilitating greater participation and standardization, Piclo aims to streamline the transition to a low-carbon future, contributing to the development of resilient and low-cost energy systems. Its innovative approach encourages the utilization of digital tools that improve the management of renewable energy, positioning it as a key player in the ongoing shift towards Net Zero.

Piclo

Series B in 2023
Piclo is an independent marketplace focused on enhancing the efficiency and sustainability of electricity grids. The company provides a platform that leverages local and flexible energy markets, integrating renewable power sources, battery storage, and electric vehicles to support grid balancing. By facilitating greater participation and standardization, Piclo aims to streamline the transition to a low-carbon future, contributing to the development of resilient and low-cost energy systems. Its innovative approach encourages the utilization of digital tools that improve the management of renewable energy, positioning it as a key player in the ongoing shift towards Net Zero.

eSmart Systems

Series B in 2022
eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.

ShieldIoT

Series A in 2021
ShieldIoT is an Israeli company based in Tel Aviv, founded in 2017, specializing in IoT embedded device-level security solutions. Their flagship product, ShieldIOT, is a technology platform that protects Linux-based devices across IoT networks without requiring changes to the device, application, or network. The platform comprises ShieldCenter, a centralized security management module, and ShieldSupervisor, a device-level agent module. ShieldIoT offers comprehensive security features including application sandboxing, device resource protection, firewall, VPN secured communication, disk encryption, fleet monitoring, and threat prevention. These solutions cater to various industries such as smart homes, healthcare, transportation, retail, and more, enabling manufacturers and operators to secure their devices efficiently without needing extensive development resources or security expertise.

Lumenaza

Series B in 2021
Lumenaza GmbH is a Berlin-based company founded in 2013 that specializes in developing and operating a software-as-a-service platform for the buying and selling of renewable electricity. The company's platform connects producers and consumers of green distributed energy, utilizing sophisticated algorithms to ensure a secure and balanced supply of renewable electricity within regional communities. Lumenaza's software, available since early 2014, supports the management of renewable power plants, balancing groups, and provides real-time energy management data to market participants. The company has collaborated with municipal utilities, energy cooperatives, and project developers to create regional electricity products. In 2016, Lumenaza expanded its offerings to include a modular and highly automated "utility in a box" solution, which encompasses all services typical of an energy service provider.

ShieldIoT

Seed Round in 2019
ShieldIoT is an Israeli company based in Tel Aviv, founded in 2017, specializing in IoT embedded device-level security solutions. Their flagship product, ShieldIOT, is a technology platform that protects Linux-based devices across IoT networks without requiring changes to the device, application, or network. The platform comprises ShieldCenter, a centralized security management module, and ShieldSupervisor, a device-level agent module. ShieldIoT offers comprehensive security features including application sandboxing, device resource protection, firewall, VPN secured communication, disk encryption, fleet monitoring, and threat prevention. These solutions cater to various industries such as smart homes, healthcare, transportation, retail, and more, enabling manufacturers and operators to secure their devices efficiently without needing extensive development resources or security expertise.

Teralytics

Series D in 2019
Teralytics is a company specializing in mobility analytics, providing deep insights into human mobility needs through the use of big data and advanced machine learning. The company's platform is designed to optimize transportation planning and operations, helping clients address significant mobility challenges. Teralytics aims to transform how journeys are planned and managed, focusing on improving journey times, ensuring accessibility, enhancing operational efficiencies, and minimizing environmental impact. By delivering actionable insights, Teralytics supports the development of sustainable mobility solutions that cater to the needs of individuals and communities both now and in the future.

eSmart Systems

Venture Round in 2019
eSmart Systems AS, founded in 2012 and headquartered in Halden, Norway, specializes in developing smart grid software solutions for the energy industry and service providers. The company leverages over two decades of international experience in IT and energy-related sectors, providing a cloud-born platform designed to manage the Internet of Things, Big Data, and real-time analytics. Its operational intelligence software aims to enhance energy savings, optimize investments, and reduce carbon footprints through data-driven decisions. The eSmart System Platform collects data from a variety of sources, including sensors and automation systems, while its product suite includes solutions for connected grids, production, buildings, and vehicle applications. The company also tailors applications for utilities, consumers, and professionals, supporting innovation and business development. With nearly 80 employees and additional offices in locations such as Palo Alto, California, eSmart Systems is recognized for its advanced predictive and optimization models that transform vast data quantities into actionable insights for energy grid operators.

GreenCom Networks

Series C in 2019
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.

Rydies

Seed Round in 2017
Rydies GmbH is a micro-mobility company based in Hanover, Germany, specializing in bicycle and e-bike rental services. The company operates a comprehensive platform that facilitates bicycle sharing and offers essential services such as parking, charging station information, and bike maintenance. Rydies connects individuals who wish to lend bicycles with those looking to rent them, enhancing urban mobility solutions for short-distance travel. Through its digitalized services, Rydies aims to improve accessibility and efficiency in urban transportation, making it easier for users to find and utilize bicycle and e-bike options in their communities.

aiPod

Seed Round in 2017
aiPod Inc., established in 2017 with headquarters in Pasadena, California, and an additional office in London, develops a platform that integrates autonomous vehicles with city data and transport infrastructure. The company aims to enhance urban mobility by offering safe, affordable, and convenient transportation services, complementing existing systems. Its primary goal is to introduce fleets of automated vehicles onto public streets in collaboration with major cities worldwide.

MotionWerk

Seed Round in 2017
MotionWerk GmbH, founded in 2017 and based in Essen, Germany, specializes in developing blockchain-based software solutions for mobility infrastructure. The company offers innovative products such as Share&Charge, a decentralized protocol that facilitates electric vehicle (EV) charging, transactions, and data sharing among users. Additionally, MotionWerk has created the Open Mobility System, which serves as a decentralized and open digital infrastructure for mobility services. It engages in workshops focused on blockchain disruption and provides consulting services to enhance mobility solutions. The company aims to build a robust B2B network that promotes sustainable and shared mobility through green electricity and digital technology. By leveraging its expertise in blockchain, MotionWerk is committed to expanding the EV charging infrastructure and enabling seamless mobility across various transportation means.
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