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Vestas Ventures functions as the corporate venture capital arm of Vestas Wind Systems A/S, a global leader in wind turbine manufacturing. It strategically invests in early-stage startups advancing sustainable energy solutions. The unit provides capital and industry expertise to foster technologies and business models that extend the renewable energy value chain.
Vestas Wind Systems A/S established Vestas Ventures in 2020, driven by the insight that external innovation is crucial for accelerating the energy transition. The initiative was conceived to proactively support emerging technologies beyond its core wind manufacturing. Individuals such as Todd O'Neill are central to defining the venture's strategic investment thesis.
Vestas Ventures empowers innovative early-stage companies and entrepreneurs within the sustainable energy landscape. Its long-term vision cultivates a comprehensive ecosystem of renewable solutions, extending beyond Vestas's direct operations for resilient clean energy infrastructure. The initiative catalyzes the adoption of technologies vital for a fully sustainable global energy future.
Vestas Ventures has 2 tracked investments across 1 company. The latest tracked deal is $111.0M Series B in Hysata in May 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 9, 2024 | Hysata | $111.0M Series B | Anastasia Vaia, Alfred Wong | Bluescopex, Hostplus, IMM Investment, Oman Investment Authority, Posco E&C, Posco Holdings, Shinhan Financial Group, Telstrasuper, Twin Towers Ventures, Virescent Ventures |
| Aug 2, 2022 | Hysata | $23.0M Series A | Clean Energy Finance Corporation, Virescent Ventures | Bluescope, Hostplus, Kiko Ventures |