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Corporate VCPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 5 SOURCES

EnBW New Ventures

Corporate venture capital arm of EnBW Energie Baden-Württemberg AG

Also known as ENV, EnBW New Ventures GmbH

Karlsruhe-based single-LP corporate VC of EnBW: €100m evergreen, €1–10m from Series A in European startups for the energy and mobility transition; 24 startups, 8 exits.

HEADQUARTERS
Karlsruhe, Germany
FOUNDED
—
AUM
€100M (2026)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
14 people

Focus

STAGES
Series ASeries BGrowth
SECTORS
Climate & EnergyMobility & LogisticsSoftware & SaaSArtificial Intelligence
ASSET MIX
Venture capitalDirect investmentsFunds (as LP)
GEOGRAPHY
Europe

Overview

EnBW New Ventures GmbH (ENV) is the corporate venture capital arm of the EnBW Group, set up as a separate legal vehicle with EnBW as its single LP and a €100 million evergreen structure that reinvests profits. It invests €1–10 million over several rounds, from Series A, as lead or co-investor in startups headquartered in Europe that digitally enable the roll-out of renewables, batteries, electrification of transport and grid infrastructure, plus enterprise software. It reports 87 transactions, 24 startups, 8 exits and 4 VC fund investments. The team works from Karlsruhe, Berlin and Cologne.

Investment thesis

Back scaling business models that digitally enable a faster roll-out of renewables, batteries, e-mobility and grid infrastructure, plus enterprise software; financial returns first, with strategic impact for EnBW framed by the investment strategy.

PORTFOLIO (27)

  • 3YOURMIND
    Industrial & Manufacturing
  • babelforce
    Software & SaaS
  • Cleverciti
    Mobility & Logistics · Exited
  • CYCLE
    Mobility & Logistics
  • Deepomatic
    Artificial Intelligence · Exited
  • Easelink
    Mobility & Logistics
  • enspired
    Climate & Energy
  • Greenbird
    Climate & Energy · Exited
  • gridscale
    Software & SaaS · Exited
  • Holo-Light
    Software & SaaS
  • Intigriti
    Software & SaaS
  • Theva
    Climate & Energy · Exited
  • vialytics
    Artificial Intelligence
  • Replex
    Software & SaaS · Exited
  • DZ4
    Climate & Energy · Exited
  • Lumenaza
    Climate & Energy · Exited
  • VivaCity
    Mobility & Logistics
  • volytica
    Climate & Energy
  • Sunhat
    Software & SaaS
  • Cozero
    Climate & Energy
  • Validaitor
    Artificial Intelligence
  • FLEXECHARGE
    Mobility & Logistics · since 2025
  • Elephant
    Artificial Intelligence · since 2026
  • Spoor
    Climate & Energy
  • ETF Partners (fund commitment)
  • Vireo Ventures – Vireo Electrification Fund I (fund commitment)
  • Auxxo Female Catalyst Fund (fund commitment)

People

  • Crispin Leick
    Managing Director · source
  • Marc Umber
    Head of Investments · source
  • Holger Wagner
    Investment Director · source
  • Inga Müller
    Impact & Governance Director · source
  • Pascal Beckers-Jaleta
    Investment Principal · source
  • Theodor Schulte
    Investment Principal · source
  • Markus Scharrer
    Engagement Principal · source
  • Erik Vobis
    Finance Principal · source
  • Melanie Bild
    Investment Manager · source
  • Anke Gratz
    Investment Manager · source
  • Robin Budig
    Investment Analyst · source
  • Mara Schwind
    Communications & Community Manager · source
  • Marcel Breithaupt
    Finance Associate · source
  • Jeanette Giesel
    Communications & Community Analyst · source

Links

Frequently asked questions

EnBW New Ventures is a corporate venture arm based in Karlsruhe, Germany.

Yes. EnBW New Ventures invests its own capital in private companies. It also commits capital to third-party funds as an LP.

EnBW New Ventures invests at Series A, Series B and Growth stages in Climate & Energy, Mobility & Logistics, Software & SaaS and Artificial Intelligence.

EnBW New Ventures's stated ticket size is €1M–€10M.

Key people at EnBW New Ventures include Crispin Leick (Managing Director), Marc Umber (Head of Investments), Holger Wagner (Investment Director) and Inga Müller (Impact & Governance Director).

EnBW New Ventures's investments include 3YOURMIND, babelforce, Cleverciti, CYCLE, Deepomatic, Easelink, enspired and Greenbird, among others.

The most recent publicly reported investment by EnBW New Ventures is Elephant (€5m+ round with Wepa Ventures and business angels), announced in May 2026.

EnBW New Ventures states that it accepts submissions through its official contact page.

No. EnBW New Ventures invests its own capital and does not raise money from outside investors.