BayWa r.e. enters the venture capital market with the creation of BayWa r.e. Energy Ventures Inc.

CATEGORIE:

Focusing on digital solutions, storage and e-mobility, BayWa r.e. it is now looking for innovative startups from across the energy sector to invest as lead or co-investor, during the crucial stages of early development.

ADV
image_pdfimage_print

BayWa r.e. enters the venture capital market with the creation of BayWa r.e. Energy Ventures Inc.

Focusing on digital solutions, storage and e-mobility, BayWa r.e. it is now looking for innovative startups from across the energy sector to invest as lead or co-investor, during the crucial stages of early development.

BayWa r.e., which began as an innovative new renewable energy business, will initially invest up to five million euros in startups and assist with branch expertise, infrastructure and distribution. BayWa r.e. Energy Ventures will act as a standalone business and can guarantee startups maximum independence, quick decisions and flexibility.

Focusing on startups in Europe and Israel, the team will be led by Ulrich Seitz, a venture capital manager with over ten years of experience on the startup scene.

Matthias Taft, Board Member of BayWa AG with responsibility for the energy business, commented: “Whether it is storage, digitalisation or e-mobility, the renewable sector is tremendously innovative. Starting as a young entrepreneurial business, we appreciate the challenges startups face and the crucial role a supporting investor plays.  With the creation of BayWa r.e Energy Ventures, and by bringing Ulrich Seitz onboard, we hope to further drive our own business development while also supporting the startup market, which is so vital to the future of the energy sector.”

While independent, BayWa r.e. Energy Ventures has the stability and financial backing of BayWa AG. Combined with its deeply-rooted understanding of the market this puts the business in the ideal position to find the right approach for potential partners.

“We combine strong financial backing and an in-depth knowledge of the energy sector, with venture capital expertise and an entrepreneurial spirit”; adds Ulrich Seitz, Managing Director of BayWa r.e. Energy Ventures GmbH. 

ADV
×