According to Tech.eu, the new fund from Rockstart, named the Energy Fund, will invest in early-stage energy startups and co-invest in its energy portfolio companies up to series B.

The fund is looking for startups dealing with renewable energy generation - solutions that integrate, utilize and optimize the renewable energy supply to ensure a sustainable energy infrastructure, low carbon solutions - businesses that tackle energy-intensive sectors and help market players get closer to net zero, and mobility - solutions that create value from the increasing mobility data to unlock transport electrification opportunities and help cities become smarter.

The Energy Fund is the Rockstart’s second fund and, since its lauch in October 2020, has already invested in 19 startups from seven countries.

Rockstart plans to fund 50 energy startups within the next three years and, according to Tech.eu, startups accepted to Rockstart receive an initial investment between €100,000 and 265,000. The fund will continue to invest in its portfolio companies, co-investing with a lead investor. The VC can continue to co-invest up to Series B up to a total amount of €2 million.