Venture Capitalist Pioneering Energy Innovation with $18 Million Fund
Key Ideas
  • Energy Revolution Ventures (ERV) raises $18 million for seed and Series A fund to invest in deep tech, including hydrogen technologies.
  • Co-founder Marcus Clover's background in engineering hydrogen-powered drones drives the firm's focus on energy innovation and investment.
  • ERV's investment portfolio includes companies like Green Li-ion, Anthro, and Oort Energy, showcasing a commitment to sustainable energy solutions.
  • The firm's strategy emphasizes the importance of chemistry and electrification in reshaping the energy landscape for a more sustainable future.
Energy Revolution Ventures (ERV), a venture capital firm based in London, has recently closed an $18 million seed and Series A fund to support investments in deep tech, with a particular emphasis on energy storage, carbon capture, and hydrogen technologies. The firm, led by co-founder Marcus Clover, who has a background in engineering hydrogen-powered drones, aims to drive innovation in the energy sector. Clover's experience in working with hydrogen fuel cells in heavy-duty vehicles has shaped ERV's investment focus towards sustainable energy solutions. ERV's investment portfolio already includes nine companies, such as Green Li-ion for lithium-ion battery recycling, Anthro for safe battery technologies, and Oort Energy for low-cost renewable hydrogen. The firm operates both a fund and a venture builder, Prosemino, with a network of advisors from esteemed institutions like the University of Oxford and University College London. ERV's unique approach includes specialized laboratories to support its startups, with 4,000 square feet of wet chemistry and dry lab space in London. Clover believes that the future of energy innovation lies in chemistry and electrification, emphasizing the need for technology to drive decarbonization and electrify various sectors of the economy. He envisions a shift akin to the transformation brought by software in the space industry, making energy solutions more efficient and accessible. ERV's focus on investing in cutting-edge energy technologies reflects a positive sentiment towards driving sustainable change in the energy landscape.
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