Air Mobility Fund

Founded in 2019 as an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, EIT Urban Mobility is committed to accelerating the transition to sustainable mobility. We accelerate the sustainable transition by providing established businesses, startups, universities, research institutes and the public sector with access to markets, talent, funding and knowledge. We empower our partners to develop and deploy new solutions that address the mobility challenges European cities face. We work in partnership with over 250 organisations and collaborate with a wider network of more than 1,000 organisations across 35 countries. Our work supports our vision for sustainable and decarbonised urban mobility and more liveable urban spaces for all. Why we do it The world is in the midst of a climate emergency. Emissions need to be cut 55% by 2030, and net zero achieved by 2050 to meet the objectives of the European Green Deal. To make this happen we need to embrace a new paradigm that includes radically changing how we move and live in cities. Many innovative solutions to achieve sustainable urban mobility already exist, yet their widespread adoption is often slow. Our role as Europe’s leading network for transport innovation in cities is to catalyse uptake and accelerate this transition. We are committed to helping the EU accomplish its ambitious CO2 reduction goals. We align with EU priorities and contribute to key EU strategies and initiatives including the Green Deal, the Cities Mission for 100 climate-neutral and smart cities by 2030, Horizon Europe and the New European Bauhaus. We also collaborate with our partners on local projects and initiatives and establish strong relationships with regional and city governments. What we do & how we do it We enable our community to speed up the transition to a decarbonised urban transport system through activities in four focus areas: match and connect, talent to business, innovations to market, and startups to scale. Match and connect We match and connect key stakeholders – including public sector, students, research institutes, universities, large enterprises, SMEs, startups, and NGOs – to accelerate the transformation of the mobility sector across all our activities and geographies. Events such as Tomorrow.Mobility World Congress enable our partners to connect, share insights and learn about the latest trends. Through Horizon Lab we help partners access external funding and form consortia to bid on long-term, large-scale projects. Innovations to market We bring innovations to market by supporting partners to develop, deploy and commercialise mobility products and services. Our activities accelerate innovations’ time to market and further scale their impact in European cities. We facilitate connections between the public sector, research institutes, established companies, startups and SMEs to implement agile pilots in European cities where market-ready solutions are tested in real-life. These pilots have led to longer-term partnerships, growth for private sector partners, and viable solutions for cities. Talent to business We elevate talent to business by fostering entrepreneurship and upskilling practitioners for the urban mobility challenges of tomorrow. We offer several master’s programmes, a Doctoral Training Network, tailored courses for students and professionals, and numerous incubator programmes to nurture entrepreneurship. Additionally, we coordinate the EIT Campus, a one-stop shop for education resources produced by the EIT Community and supported by EIT and the European Commission. Startups to scale We grow startups to scale by providing access to funding, coaching, and concrete opportunities through our accelerator and scale-up programmes. We nurture entrepreneurs to create and scale new solutions by connecting them with a broader network of potential shareholders and customers. As an impact investor we support startups that show positive social and environmental impact, as well as strong financial return on investment. We provide startups with access to grants and equity investments, networking opportunities and training through partner-led programmes. Equity startups can also be matched with city members to facilitate partnerships, and priority is given to gender-balanced startups. In 2023, we were recognised as Europe’s most active investor in urban mobility startups.

GRC is a Venture Capital/Private Equity investment firm established in 2005. The team specializes in venture investments in hard-core technology startups in the areas of Energy Efficiency, New Materials, Smart Infrastructure, Advanced Mobility, Digital Transformation, and Health & Wellness. We believe in "doing well by doing good." We work with entrepreneurs who share our core value of sustainability and corporate governance by providing capital investments and professional assistance to commercialize innovation that can enhance the well beings of our society. The GRC team has been working with and recognized by institutional Limited Partners worldwide, and has a global team with presence in Silicon Valley, Beijing, Shenzhen, and Taipei.

At Greentown Labs, we see with clear eyes the universal challenge that climate change poses. And we meet it with an equally clear vision for solving the problem - in fact, it’s an amazing opportunity for ingenuity and collaboration. We are a climatetech startup incubator like you’ve never seen before. Founded by entrepreneurs, we’re bringing together startups, corporates, investors, politicians, and many others to shape our best future. We’re here because each solution becomes greater when combined with others in a community of changemakers. In this community, we build on ideas, connect disciplines, and foster creativity. As individuals, we take great pride in the fact that we’re each playing a role in achieving our mission. And when we step back and look at the full scale of work being done here together - in this engine of possibility - we feel grateful, inspired, and relentlessly optimistic. Because we know that, no matter what, we’re going to get this done. A Community Committed to Climate Our members, our partners, and our staff are united by a common mission: solving the climate crisis through entrepreneurship and collaboration. Whether you’re a startup founder or a policymaker or an investor or a corporate executive, this is the place where you can take climate action. Our community wants to change the way people think about, engage with, and use energy. We want to change how we build our buildings, how we get around our cities and towns, how we grow our food, how we manage our water. We believe in the power of entrepreneurs in the climate battle. And we’re confident that when combined with support and amplification from corporates, politicians, private citizens, and others, climatetech startups will drive progress. We aim to be the leading hub where people from all over the world congregate to work toward the shared goal of a sustainable, renewable future. Our Incubation Model Greentown Labs aims to be a supportive, collaborative, and inspiring community for early-stage entrepreneurs to grow their businesses. In light of that mission, we don’t take any equity in our member companies. Instead, members pay monthly fees based on their lab and office space. We bring in revenue from other sources, including partnerships and grants, to keep membership fees low for our startups. Membership fees are approximately market rate, but include so much more than desk and lab space - members also gain access to more than $1 million worth of resources, equipment, programming, staff support, and more.

The future of energy, beyond energy. Zero emission economies powered by 100% renewable energy. Smart cities, electric vehicles on the streets, large-scale energy storage, smart demand-side management, hyper-customised offers and self-sufficient homes will soon be a reality. Join us in making this new reality possible before the end of the decade. We see five megatrends driving the energy future.Smartgrids & storage: New energy value chains to accelerate the adoption of renewable energy Renewable generation: Cutting-edge technology to reduce renewable generation costs and increase efficiency Client-focused solutions: Next-generation customer experience with a hyper-personalized offer of value-added services beyond energy Digital & data-driven utility: Breakthrough technologies to optimize utilities’ operations and provide a superior service Sustainable mobility: New ways of transportation to increase flexibility and reduce carbon emissions Our unique approach.Invest Financial investment in early and late stage startups looking for strategic support and industrial ecosystem access We invest from 0.1M€ to 2M€ combining two strategies: Early stage: Up to 150k€ to develop an ecosystem of startups offering high added-value services to our utility customers Seed, A series & follow-ons: Tickets from 0.2M€ to 2M€ to fund the winners of each market category Build Design, launch and scale new energy companies together with top entrepreneurial talent We launch one startup per year from scratch focused on strategic business models for Capital Energy Partner Commercial agreements with market-driven startups to foster long-term relationships What makes us different.Deep industry knowledge Access to commercial customer channels Agile and transparent process Ecosystem-driven investment Access to assets and infrastructure About Capital Energy. Capital Energy is a 100% renewable energy utility company leader in promotion of greenfield wind and solar developments in the Iberian market, with the ambition to invest 10,000M€ in the next 5 years to expand along the entire renewable energy value chain: renewable energy generation, storage and commercialization, along with digital value-added services for the end-customer. As a key building block to this ambition, Capital Energy has launched Capital Energy Quantum, a Corporate Venturing vehicle with 20 M€ of initial funding to invest in the future of energy.

Based in the San Francisco Bay Area, Toyota Ventures is Toyota’s first standalone early-stage venture capital firm. Through the Toyota Ventures Frontier Fund, we invest in artificial intelligence, autonomy, mobility, robotics, cloud technology, smart cities, digital health, fintech, energy, and materials. As part of Toyota’s ongoing efforts to accelerate carbon dioxide reduction, we also invest in startups that are creating scalable solutions for carbon neutrality, as part of the Toyota Ventures Climate Fund. We are on a mission to explore what’s next by helping early-stage startups bring disruptive technologies and business models to market quickly. As we pursue this goal, we are committed to finding and funding the best entrepreneurs from around the world. We value different approaches and points of view, and believe diversity drives innovation. How we work Leveraging the deep technical expertise and global resources of Toyota, our team offers Toyota Ventures portfolio companies strategic support and operational guidance in business development, product, fundraising, marketing, executive coaching, and other areas. We are also dedicated to embracing and promoting diversity, equity, and inclusion efforts within our portfolio and the larger VC industry through efforts like the Diversity VC Standard. The entrepreneurs who partner with us receive much more than money. Their success is our success, and we support them at every step of their journey - while giving them the freedom and flexibility they need to experiment and grow their businesses. We look for both financial returns and strategic value, and firmly believe that financial returns must precede strategic value. We look for innovators who have the courage, humility, and tenacity to tackle important challenges we have yet to solve. It’s the same spirit of innovation that inspired Toyota founder Kiichiro Toyoda and his team to devote themselves to transforming Toyota from a loom maker to an automotive manufacturer in the 1930’s. And it is this same vision that continues to drive Toyota today. If you are the founder of an early-stage company developing solutions in other areas we invest in and you’re looking for funding, you are also invited to complete our online pitch form. For those who are seeking growth-stage capital, we encourage you to visit our colleagues at Woven Capital, the growth-stage investment fund of Woven Planet.

Our mission is to partner with ambitious and visionary founders transforming the way in which we think about mobility to make it more sustainable. We are committed to being a part of mobility's transformation pushing for more efficient, safety-focused and environmentally friendly solutions. Investment thesisMobility ecosystem Late seed and series A First ticket from US$500k up to US $2mm Open to lead or co-invest Reserves for follow-on investments Actively seeking strong co-investors in all cases