Energy Revolution Ventures (ERV), an energy tech venture capital firm targeting electrification opportunities, has closed an $18m seed and series A fund focused on breakthrough deeptech.
The deeptech sector covers companies offering technological solutions to substantial engineering or scientific challenges.
The fund looks to invest in highly scalable technologies with outsized financial prospects, solving the hardest problems in energy across energy storage, carbon capture, utilisation and storage, and the renewable fuels and hydrogen value chain. The goal is to back category-defining innovators which will transform energy systems.
The fund’s limited partners include a network of family offices from the metals and energy sector, high-net-worth individuals, and Bidra Innovation Ventures, the corporate venture capital arm of Morocco’s OCP Group.
ERV has already invested in nine companies, including Green Li-ion (lithium-ion battery recycling), Anthro (structural, safe batteries), and Oort Energy (low-cost renewable H₂).
“Plummeting renewable energy costs are driving one of the most profound economic transformations of the last 200 years,” said Marcus Clover, co-founder and partner at ERV. “Energy has always been at the core of human prosperity, and the path to an energy-abundant future lies in electrification. With ERV Fund I, the companies we’ve already backed are commercialising innovations critical to this transition.”
