Energy Revolution Ventures (ERV), a venture capital firm focused on energy tech, has successfully raised $18 million for its seed and Series A fund aimed at advancing scalable climate technologies. The fund will primarily target deeptech companies working to address significant engineering and scientific challenges within the energy sector.
The capital will be deployed into transformative technologies within key areas of the energy transition, including energy storage, carbon capture, renewable fuels, and hydrogen. ERV seeks to invest in companies with the potential to redefine the energy landscape and drive substantial financial returns.
ERV’s limited partners include family offices from the metals and energy industries, high-net-worth individuals, and Bidra Innovation Ventures, the corporate venture capital arm of Morocco’s OCP Group. To date, ERV has backed nine companies, such as Green Li-ion (focused on lithium-ion battery recycling), Anthro (safe battery technology), and Oort Energy (low-cost renewable hydrogen production).
Marcus Clover, co-founder and partner at ERV, emphasized the transformative impact of falling renewable energy costs, which are reshaping global energy markets. “Electrification is central to our path toward an energy-abundant future, and the innovations we are backing are crucial to this transition,” Clover said.
This funding marks a significant step towards accelerating the development of breakthrough technologies that are key to achieving a sustainable, low-carbon future.
