Move Energy Fund secures €10M to drive energy transition in Amsterdam
Decarbonising major sectors with new funding
Amsterdam-based venture capital firm Move Energy Fund, which focuses on early-stage technologies supporting the energy transition, has secured a €10M investment from Invest-NL. This funding marks a major step forward in the firm's mission to decarbonise the power, transport, and building sectors—responsible for over half of global CO2 emissions.
Move Energy Fund I, aiming to raise €100M, focuses on Series A funding for transformative hardware and software ventures, with a focus on the Dutch market. Since its first close in December 2023, the fund has backed five companies. With new support from Invest-NL, Move Energy expects to reach a final close by Q1 2025, targeting €150M.
Invest-NL, the National Financing and Development Institution of the Netherlands which recently received €900M in additional financing from the Dutch government, aims to accelerate the energy transition by backing innovative companies in electrification and energy storage.
Our investment in Move Energy Fund I aligns with our mission to drive the energy transition, we are excited to join forces with Move Energy to accelerate this impact.
Tim van Vledder, Investment Manager at Invest-NL
Funding climate initiatives in Amsterdam
The city of Amsterdam is attracting both local and national capital aimed at transforming the energy landscape. Recently the Dutch government allocated €148M to boost green technology and the EU approved €750M for an industrial decarbonisation Dutch scheme. Locally, Carbon Equity's most recent funding raised €100M for climate initiatives and SET Ventures launched a €200M fund to boost climate tech startups.
These partnerships and investments highlight Amsterdam’s role as a key player in the global push for sustainable energy solutions and the city's ongoing commitment to innovation in the energy sector.