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.

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.

Our mission at Powerhouse Ventures is to identify and support founding teams building innovative software to rapidly transform our global energy and mobility systems. We believe that addressing the climate crisis requires deploying our most viable marke-based solutions today.Our portfolio companies are hiring.

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.

We are an investor of a new generation. Our heart beats for technological progress and innovation - wanting to change the world with passion and entrepreneurial courage. Therefore we invest own capital in new business models and ambitious growth companies. Investing With investments in ambitious, high-growth companies we support innovation. Simultaneously, we invest in new business models. Across sectors, approachable and fair. Optimizing We implement, review, reflect and adapt. This enables us to achieve our ambitious goals and keep our promises. Developing We set ourselves ambitious and yet realistic goals. Instead of deriving recommendations for actions we act. Fast, uncomplicated and honest. Therefore, we use our comprehensive knowledge and unconventional measures. Our Mission We create positive change with convincing and talented people. As a provider of capital and innovation, we generate sustainable growth. Together we go beyond normal. We’re not just talking, we tackle it. We as blueworld.group combine progress and sustainability in an economic, ecological and social dimension with the aim of making our wonderful world even more worth living for future generations. Together with pioneering companies and their executives we work to create outstanding performance as well as real and sustainable value. Our Goals As blueworld.group we see it as our responsibility to clearly express our vision and mission. We’re not just talking, we tackle it. We do not derive any recommendations for action, we act. Specifically, this is reflected in our long-term corporate goals. In order to create long-term values, it is essential to operate on a sustainable basis. Of course, we follow the intention of making profit and increasing the value of our investments. This is the only way we can build the bridge to ecologically and socially sustainable economic growth. From an ecological perspective, our goals are clear: Just as the blueworld.group is already climate-neutral in partnership with natureOffice, we want each of our companies to be climate-neutral by 2025. As a means to an end, we require the efficient and careful use of all resources. We also sensitize our partners to the use of emission-free mobility offers and energy sources. The incentives for all employees to use public transport are just as much part of our required spectrum as the switch to green electricity providers and compensation payments for essential greenhouse gas emissions.. We are also committed to our region and promote regional society and its companies. We are not counting every euro when it comes to finding the right partner to fulfill our obligations. We always meet employees, suppliers and customers on an equal footing. We live equality. That is why we strive for a balanced women’s quota for ourselves and our investments – across all positions and areas of responsibility. We make no distinction between men and women, pay the same salaries, give the same career paths and opportunities to reconcile work and family. Nothing is placed above our responsibility for our employees. That is why we strive for an above-average employee satisfaction of at least 90%*. We pursue this goal as an employer and at the same time make it a claim on our companies. *measured by our average ratings on Kununu Our responsibility Climate-neutral into the future We see it as our responsibility to actively shape the world of tomorrow and to have a positive impact. In this section, we would like to regularly give you an insight into achieved goals, status updates and current topics. We achieved one of our big goals! In partnership with natureOffice, we as blueworld.group are climate-neutral and offset the emissions that arise. We support Project Togo, which fulfills 12 of the 17 Sustainable Development Goals of the United Nations. The project tackles the causes of the problems and focuses thereby on the areas of education, jobs, energy, water and health. We report more about Project Togo here. We are also in close contact with our portfolio companies on the subject of climate neutrality in order to jointly go the way towards a climate-neutral future in the midterm. Accept the status quo? No way! We question actions, incidents, ourselves. Every day. To get a little better every day. This leads to discussions about things like soap, toilet paper, meat consumption, mobility. And exactly these discussions help us to sharpen our view. In order to promote exchange and to better understand the satisfaction and needs of our employees, we have introduced regular employee surveys on various topics. In addition to a regular exchange of personal feedback, we have set up a feedback platform on which feedback can also be provided anonymously. Our morning starts with a team stand-up – daily. A platform that we introduced during the lockdown, in times of home office and spatial separation, in order to promote team cohesion, exchange and continuity. The format is constantly evolving and we talk about weekly goals, highlights, but also mistakes and the respective lessons learned from them. Because in addition to an open feedback culture, it is the constructive handling of mistakes that allows us to grow and improve. Education as the central basis Over here, access to education is too often taken as (almost) self-evident, but unfortunately this does not reflect reality at all. We want to start right here and support corresponding projects. That is why we are forcing national and international partnerships to promote sustainable projects, for example in the education sector or integration. For us education is the greatest lever for future-oriented development that offers everyone - as an individual and as part of society - countless opportunities. Lifelong learning and further training are essential for us. In addition to internal and external training measures, our 5-minute sessions, for example, have become an integral part of our stand-ups every week, in which a topic of personal choice is presented and then discussed openly in our team. We have big visions and think broadly, also when it comes to sustainability. For us, however, this is not a process that can ever be completed; rather, we are concerned with every single step. Towards a more sustainable and even more livable world.

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