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Published 3 weeks, 6 days ago

Cars Volkswagen Published by J. Doe

For a carbon-neutral mobility - Volkswagen enters into a strategic partnership with EIT InnoEnergy

Jens Wiese, Head of Group M&A, Investment Advisory and Partnerships at Volkswagen, says: In order to decarbonize the transport sector, we will need a wide range of innovations. In addition to our own activities, in the future we will also increasingly rely on cooperation with start-ups to achieve this. The partnership with EIT InnoEnergy will help us find the most promising companies from all areas of the energy transition, which we can then support in scaling their business models.

Diego Pavia, CEO of EIT InnoEnergy adds: “The transport sector is going through one of its biggest upheavals ever. Automotive companies are faced with a choice: either drive this transformation or be driven. Volkswagen has seized the opportunity to put itself at the forefront of this change and to shape it. Therefore, it makes us even more proud to have Volkswagen on board as a new shareholder and to take our collaboration to the next level. Looking at our 300 portfolio companies from all areas of sustainable energy, there is huge potential in Volkswagen and us joining forces to accelerate the decarbonisation of the transport sector.”

Volkswagen and EIT InnoEnergy can look back on more than five years of cooperation. About EIT InnoEnergy EIT InnoEnergy operates at the centre of the energy transition and is the leading innovation engine in sustainable energy, bringing the technology and skills required to accelerate the green deal and Europe’s decarbonisation goals.

Recognised globally as the most active sustainable energy investor and one of the largest climate tech and renewable energy tech investors in 2020, EIT InnoEnergy backs innovations across a range of areas.

Original article

Nov 03, 2021 at 15:10

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