
VERBUND X Ventures
Verified
Austria
Investor type
Venture Capital
Current investment status
Website
https://www.verbundx.com/en-at/ventures
Submission link
N.A.
Company address
Verbund, 6a, Am Hof, Widmerviertel, Innere Stadt, Vienna, 1010, Austria
Founding year
2022
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VERBUND X Ventures is the Corporate Venture Unit of VERBUND AG. Our goal is to build a more sustainable future by scouting and supporting innovative startups in the energy market all over Europe. Together with our portfolio companies, we want to boost the energy transition by setting new standards for renewable power. VERBUND is Austria's leading utility and one of the largest producers of hydroelectricity in Europe. We generate appx. 95 % of our electricity from renewable energy, primarily from hydropower. VERBUND trades electricity in 12 countries and generated € 2.8 bn in annual revenue in 2018 with approximately 2,700 employees. Together with our subsidiaries and partners, we are active in the generation of electricity, in transmission and in international trading and sales. VERBUND has been quoted on the Vienna Stock Exchange since 1988 with 51 % of the share capital being held by the Republic of Austria.
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