Helen Ventures invests in the most innovative and transformative startups in the energy, e-mobility, circular economy, decarbonisation, and digital solutions space. We accelerate the growth of early and growth stage companies by developing world class solutions in collaboration with our customers and industry experts. Helen Ventures is the corporate venture capital arm of Helen Ltd., an energy company making the possibilities of a new energy era accessible to all.

Helen Ventures

Jolt Capital is a fully independent Private Equity firm targeting growth investments in mid-sized European technology companies, typically with revenues between €10million and €100million. Founded in 2011, the firm is authorized and regulated by AMF (Autorité des Marchés Financiers) and led by Jean Schmitt and a very experienced team. As industry insiders, Jolt Capital has an ingrained understanding of the scaling constraints facing SMEs originating in Europe, from both an operational and financing perspective. As such, Jolt Capital enables and catalyzes the requisite expansion by financing Working Capital, CAPEX, and strengthening Balance Sheets, while facilitating operational and capital efficiency with strategic guidance across Intellectual Property (IP), Internal Processes, Partnerships, Talent, Board Membership, M&A, and more. It is a fast growing technology companies in Europe need to finance their working capital in order to scale effectively in competitive markets. Despite their robustness, limited access to bank financing is a recurring constraint on company growth. Jolt Capital partners with these great companies by filling this gap with mutually beneficial equity investments. Growing technology companies routinely require significant capex across the organization in areas such as manufacturing, servers, facilities, testing, etc. Jolt Capital supports companies in their Capital Expenditures on the path to sustainable growth and profitability. Jolt Capital fosters European mid-size companies’ growth and profitability by financing their working capital, capex, external growth strategies and overall strengthening their balance sheet, in an approach that is mutually favorable to Jolt’s investors, Jolt’s portfolio companies, and Europe as a whole.

Jolt Capital

Finnish Industry Investment Ltd is a government-owned investment company. It invests the proceeds accrued from the privatisation of state-owned companies in stimulating the growth and internationalisation of Finnish businesses.  Finnish Industry Investment invests in venture capital funds and directly in growth companies, together with private co-investors. The targets are in all sectors. Capital investments are needed for financing the growth of investee companies, and for spin-offs, major industrial investments, and sector and corporate restructurings.  The investments of Finnish Industry Investment amount to over MEUR 570

Tesi

Vertex Growth is part of a global network of venture capital funds, which includes Vertex Ventures and Vertex Ventures HC. The funds are based across global innovation hubs in China, Israel, Southeast Asia and India, and the US. This creates a unique platform for our portfolio companies to realize their full potential by leveraging the combined experience and resources of our extensive network of global partners.

Vertex Growth Fund

E.ON is an international energy company that focuses on innovative customer solutions, renewable energy, and intelligent energy networks. The diversified business consists of renewables, conventional and decentralized power generation, natural gas, energy trading, retail, and distribution. They supply around 26 million customers with energy. With their broad energy mix, they own almost 68 GW generation capacity and they are one of the world's leading renewables companies. They have an ambitious objective to make energy cleaner and better wherever they operate. With their strategy cleaner & better energy, we're transforming E.ON into a global provider of specialized energy solutions which will benefit their employees, customers, and investors alike. The development of technologies and regulatory boundary conditions, as well as the changes in customer behavior, are main drivers for a sustainable transformation of the energy system. It is still unclear how the future energy system might look like, but E.ON assumes the following trends: Changes in power generation - increasing additions in renewable capacity, decrease in generation and increase in flexibility for conventional power plants. ''Decarbonization'' of heating and transport - operation of electrical components which are supplied by increasingly CO2 free generated electricity (e-vehicles, heat pumps) Decoupling of generation and consumption - the consumption of electricity will be synchronized with generation to some extent via storage and demand side management. Distributed energy - the share of distributed generation will grow, e.g. photovoltaics, micro CHP (combined heat and power), which can even serve as reserve margin in times of low renewable electricity production. Integrated infrastructure - an integrated infrastructure for information and communication will be the backbone of such a distributed energy system and links together the various components in residential areas, offices, and industry. E.ON was founded on June 16, 2000, and is headquartered in Essen, Nordrhein-Westfalen, Germany.

E.ON

Future Energy Ventures is a unique venture capital and collaboration platform that brings together corporate partners and world-class start-ups to shape the future energy landscape.  Future Energy Ventures invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape. From its operational hubs in Germany, Israel and Silicon Valley, Future Energy Ventures looks for both investments and scaling opportunities for its portfolio globally and new investment opportunities.

Future Energy Ventures

Lahti Energia Oy is an energy company which produces energy and offers energy product.

Lahti Energia

Vantaan Energia is one of Finland's largest urban energy companies.

Vantaan Energia

Kotkan energia business is divided into energy production, district heating services and electricity networks. The  main products are district heating, industrial steam, electricity and waste recovery service.

Kotkan energia

Virta

VIRTA offers a complete turnkey solution for managing electric vehicle charging services of any scale. Our future-proof solutions enable professional charging networks to offer a world-class end user experience to their customers. We also help real estates and other businesses stand out by providing them with a comprehensive EV charging service package.

Virta is a Finnish company that has developed an EV charging platform used by over 1,000 EV charging companies in retail, hotel, real estate, parking, petrol retail, automotive, and energy industries.

Electrifying passenger and commercial travel

EV Economy

Virta and Rolec join forces to advance charging infrastructure rollout

Virta is a Finnish company that has developed an EV charging platform used by over 1,000 EV charging companies in retail, hotel, real estate, parking, petrol retail, automotive, and energy industries.Virta’s cloud-based platform provides all the components needed for its clients to build an EV charging business, from charging infrastructure management to end customer services and smart energy management solutions. Its product targets companies that own and operate charging stations (providing management software connected to the stations to provide data on usage, maintenance, and payments for optimization) as well as those looking to offer supportive infrastructure such as mobile apps for drivers and payment systems.As of January 2023, the “Powered by Virta” network operates 75,000+ chargers in 35 countries, with roaming partner charging providing the company’s 500,000+ registered EV drivers access to 350,000+ charging points in 65 countries. To support such global operations, the company has established offices in Berlin, Stockholm, Paris, London, Singapore, and Bucharest.Funding and financials&nbsp;In April 2023, the company secured <a href="https://sp-edge.com/updates/18024">EUR 85 million</a> (~USD 93.9 million) in funding. This included a EUR 65 million (~USD 71.8 million) equity investment from Virta’s existing investors led by Jolt Capital and EUR 20 million (~USD 22.1 million) from Business Finland. The company intended to use the funds to grow its charging transactions by over 5x in Europe and the Asia-Pacific region by 2025.

<div>
 
 SolidEnergy Systems (SES) is a lithium-metal battery developer and manufacturer of battery cells for EVs. SES hybrid Li-metal batteries replace the graphite anode with lithium-metal to improve energy density (to around 400 Wh/kg). SES also uses a hybrid electrolyte&mdash;the battery has a solid protective coating on the lithium-metal anode and a liquid in the cathode, unlike some solid-state batteries (Solid Power and QuantumScape) that are all-solid and free of any liquid. The company&rsquo;s battery is expected to enable a longer driving range (around 500&ndash;600 miles) and is also capable of reaching an 80% charge in under 15 minutes. In 2021, SES was the first company to introduce 100Ah Li-metal cells, globally.
 
 
 SES&rsquo; large format Li-metal EV and eVTOL cells known as &ldquo;Apollo&rdquo; can be customized for different OEM requests. As such, the company has begun pilot-scale manufacturing of 50Ah to 100Ah Li-Metal cells with GM, Hyundai, and Honda at their Shanghai (China) and Chungju (Korea) battery manufacturing facilities. The company aims to commercialize its batteries by 2025. SES 
 <a href="https://investors.ses.ai/news/news-details/2023/SES-to-Host-Battery-World-2023-and-Announce-Worlds-First-Automotive-B-sample-JDA-for-Li-Metal/default.aspx">
 expects
 </a>
 to establish the world&rsquo;s first B-sample Joint Development Agreement (JDA) with an automotive OEM in December 2023.
 
 
 &nbsp;
 Funding and financials
 
 
 In February 2023, SES received an undisclosed amount of cash grants from the South Korean Central Government. Prior to this in April 2021, the company raised USD 139 million in a Series D funding round led by General Motors, while in July 2021, it raised USD 100 million from Hyundai.&nbsp;
 
 
 SES was listed on NYSE through a SPAC merger in February 2022. The deal raised USD 275 million at a valuation of USD 3.6 billion. The proceeds were to be used to accelerate growth and fund key development initiatives.&nbsp;
 
 
 
</div>

Addionics, a British next-gen battery-tech company, develops smart 3D electrodes for EV batteries by optimizing AI-based algorithms. The company states that its tech could improve the cost and performance of any EV battery. The company collaborated with leading automotive OEMs and suppliers in the US and Europe to integrate its technology with lithium-nickel-manganese-cobalt-oxide (NMC), lithium iron phosphate, silicon, lithium polymer battery chemistries, and solid state batteries.In <a href="https://sp-edge.com/updates/27236">February 2024</a>, Addionics reported a planned USD 400 million investment into its US manufacturing facilities to expand domestic EV battery production in the country. The new facilities will produce 3D copper foils to support 90 GWh of battery capacity, annually. The company’s first factory is set to begin production in 2027, with additional plants expected to come online in 2032.Key customers and partnershipsIn June 2022, Addionics <a href="https://sp-edge.com/updates/11083">partnered </a>with Blitz Motors, an Israel based smart electric moped manufacturer, to provide smart 3D electrodes and develop Li-ion batteries. In August 2021, Addionics partnered with the Center of Process Innovation (CPI) and the University of Warwick’s WMG to improve lithium-ion battery cell performance and manufacturing processes. In April 2021, Addionics also partnered with Saint-Gobain Ceramics, a manufacturer of materials for construction, mobility, healthcare, and other industrial segments to develop high-power, high-capacity solid-state batteries for EVs.Funding and financialsIn January 2022, the company raised USD 27 million in Series A funding. The proceeds were to be used to redesign existing battery architecture with Addionics’ Smart 3D Electrodes. The company planned to commercialize its solution by 2024.

Addionics

InoBat is a Slovakian next-generation battery technology company. In November 2020, the company announced the launch of an “intelligent” EV battery. According to the company, this was the first of its kind and was developed through the combination of AI and high throughput (HTP) technology. The use of AI enables the company to develop bespoke batteries within a short period of time, making it possible to cater to the unique needs and power demands of different vehicles and applications. The company’s technology also reduces reliance on cobalt, resulting in higher energy density, with a goal of reaching 330 Wh/kg by the end of 2023 (compared to 250–270 Wh/kg of the highest-density lithium-ion batteries).Key customers and partnerships&nbsp;In November 2021, InoBat partnered with Chinese equipment manufacturer Wuxi Lead to deploy a lithium-ion pilot battery production line in Slovakia. The first batch of batteries was expected to be produced by the end of 2022. In April 2021, the company entered into a partnership with SOR (a producer of city and inter-city buses in Central Europe) to design, develop, and supply batteries for a new electric bus fleet. InoBat also planned to expand its geographic footprint across Europe and globally by building several gigafactories through 2024. In March 2022, Inobat announced plans to deploy a <a href="https://inobatauto.eu/newsroom/inobat-auto-announces-intention-to-build-its-third-gigafactory-in-western-europe/">third facility </a>in Western Europe.In April 2022, InoBat partnered with <a href="https://sp-edge.com/updates/9677">Gigamine</a>, a British battery recycling startup, to reprocess lithium-ion batteries from EVs. In September 2022, Inobat partnered with <a href="https://sp-edge.com/updates/12909">Cosworth</a>, to supply InoBat battery cells for Cosworth’s battery packs in the high-performance automotive marketIn October 2022, InoBat signed an agreement with <a href="https://sp-edge.com/updates/13944">GUS Technology</a>,, for the latter to produce and deliver InoBat’s batteries. During the same month the company signed declarations of intent with the <a href="https://sp-edge.com/updates/13942">Spanish government </a>to construct a new EV battery production facility in Valladolid, Spain. In November 2022, InoBat partnered with <a href="https://sp-edge.com/updates/14473">Ricardo </a>to jointly supply battery cells, modules, and packs to high-performance automotive manufacturers.Funding and financialsIn <a href="https://sp-edge.com/updates/21481">September 2023</a>, InoBat reported that Gotion High-Tech, a Chinese battery developer, acquired a 25% stake in the company. The two companies intend to focus on developing localized battery value chains in Europe, the Middle East, and Africa and will also accelerate R&amp;D across the value chain.In January 2022, InoBat raised an undisclosed amount in a funding round led by Ideanomics, a company promoting electric mobility. The proceeds were to be utilized to support the completion of InoBat’s pilot battery plant in Slovakia by the end of 2022.

InoBat

<div>
 
 Lightyear is a Dutch solar electric car startup. The company develops long-range electric cars that are grid-independent and are equipped with built-in solar panels, permitting longer charge cycles.&nbsp;
 
 
 The company&rsquo;s flagship electric car Lightyear 0 (formerly Lightyear One) has a battery range of 625 km (versus Tesla Model S&rsquo; ~400 km) and has an energy use of 10.5 kWh per 100 kms. Lightyear 0 has a built-in five-square-meter solar panel and was available for pre-order at EUR 250,000 (~USD 272,278) excluding taxes (versus Tesla Model S&rsquo; USD 90,000) as of June 2022.&nbsp;
 
 
 The company reported that Lightyear 0 had begun production in 
 <a href="https://lightyear.one/articles/impact-has-started-lightyear-0-has-gone-into-production">
 November 2022
 </a>
 . However, subsequently in 
 <a href="https://sp-edge.com/updates/15885">
 January 2023
 </a>
 , it announced that the production of Lightyear 0 has been suspended to instead direct resources towards Lightyear 2.&nbsp;
 
 
 Key customers and partnerships
 
 
 The Lightyear 2 model has received over 40,000 subscriptions from individual customers, as well as 21,000 pre-orders from fleet owners such as 
 <a href="https://sp-edge.com/updates/15722">
 Arval
 </a>
 , Athlon, LeasePlan, and MyWheels.
 
 
 In July 2022, Lightyear partnered with 
 <a href="https://sp-edge.com/updates/11799">
 Valmet Automotive
 </a>
 to produce Lightyear 0 at Valmet&rsquo;s manufacturing facility in Uusikaupunki, Finland. A maximum of 946 Lightyear 0&rsquo;s will be produced. Additionally, in August 2022, Lightyear 
 <a href="https://sp-edge.com/updates/12007">
 partnered
 </a>
 with Koenigsegg, a Swedish high-performance sports car manufacturer, to jointly develop innovative EV technologies and optimize Koenigsegg&rsquo;s proprietary technologies to improve the energy efficiencies of Lightyear&rsquo;s second model, Lightyear 2. Additionally, in October 2022, the company acquired the technological design for drivetrain inverters from 
 <a href="https://sp-edge.com/updates/14036">
 Next Level Electronics
 </a>
 .
 
 
 In December 2021, Lightyear announced a 3 year partnership with LeasePlan where it promised 5,000 Lightyear 2 vehicles for its fleet. The company is also partnering with The Sharing Company (Netherlands) to supply 
 <a href="https://sp-edge.com/updates/9823">
 5,000 
 </a>
 Lightyear 2 vehicles for its MyWheels car-sharing platform by 2025.&nbsp;&nbsp;
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/12809">
 September 2022
 </a>
 , Lightyear raised EUR 81 million (~USD 80.4 million) in funding for the production of Lightyear 0 in late 2022 and to also ensure the continued achievement of development milestones for Lightyear 2. In May 2021, Lightyear received a strategic investment of EUR 20 million (~USD 23 million) from the Dutch trading company SHV. In March 2021, the company raised EUR 40.2 million (~USD 48 million) in a venture round led by Zero Point Holding. The funds were expected to support commercialization and growth.
 
</div>

Lightyear

<div>
 
 India-based ION Energy provides battery management system (BMS) hardware and battery intelligence software solutions. The company&rsquo;s &ldquo;Maxwell&rdquo; BMS optimizes lithium-battery use in electric two and three-wheelers, passenger and commercial EVs, industrial EVs, and stationary battery energy storage systems to improve efficiency, safety, and longevity of batteries. The company&rsquo;s battery simulation software Altergo leverages data science and machine learning to extract data from batteries and to mirror its performance on a digital platform for remote monitoring and predictive analysis.
 
 
 As of June 2021, the company had deployed over 60,000 Maxwell units for more than 75 mobility and energy storage customers across 15 countries including India, France, Spain, and the US. Altergo also focused on helping owners and operators of battery fleets to improve the operational efficiency of their assets after deployment. It partnered with the US energy storage developer esVolta to deploy the software across its entire portfolio of battery storage systems totaling 581 MWh.&nbsp;
 
 
 In June 2021, the company raised USD 3.6 million in pre-Series A funding to expand its team, invest in product development, and grow its software business in North America and Europe. 
 
 
 
</div>

ION Energy

Companies developing battery electric cars, SUVs, and pickup trucks

Companies developing commercial BEVs. Includes electric LCVs, trucks, buses, etc.

Companies developing Li-ion EV batteries and battery materials. Includes next-gen advancements in Li-ion batteries (e.g. fast charging batteries, graphite-anode substitutes)

Companies developing EV battery technologies that do not fall under the definition of Li-ion (e.g. solid-state batteries, lithium substitutes, etc.)

Companies offering software solutions to optimize the performance of EV batteries (e.g. charging optimization software, Digital Twin solutions, etc.)

Companies that facilitate EV charging. Includes both charging infrastructure providers and network operators. Also includes vehicle-to-grid technologies.

Battery electric vehicles (BEV) promote sustainable transportation

EV charging networks support the adoption of EVs for sustainable transportation

Virta

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