Move Energy Fund secures €10M to drive energy transition in Amsterdam

Decarbonising major sectors with new funding

Amsterdam-based venture capital firm Move Energy Fund, which focuses on early-stage technologies supporting the energy transition, has secured a €10M investment from Invest-NL. This funding marks a major step forward in the firm's mission to decarbonise the power, transport, and building sectors—responsible for over half of global CO2 emissions.

Move Energy Fund I, aiming to raise €100M, focuses on Series A funding for transformative hardware and software ventures, with a focus on the Dutch market. Since its first close in December 2023, the fund has backed five companies. With new support from Invest-NL, Move Energy expects to reach a final close by Q1 2025, targeting €150M.

Invest-NL, the National Financing and Development Institution of the Netherlands which recently received €900M in additional financing from the Dutch government, aims to accelerate the energy transition by backing innovative companies in electrification and energy storage. 

Funding climate initiatives in Amsterdam

The city of Amsterdam is attracting both local and national capital aimed at transforming the energy landscape. Recently the Dutch government allocated €148M to boost green technology and the EU approved €750M for an industrial decarbonisation Dutch scheme. Locally, Carbon Equity's most recent funding raised €100M for climate initiatives and SET Ventures launched a €200M fund to boost climate tech startups.

These partnerships and investments highlight Amsterdam’s role as a key player in the global push for sustainable energy solutions and the city's ongoing commitment to innovation in the energy sector. 

Read more about the renewable energy and clean tech landscape in Amsterdam