EIT Urban Mobility investment portfolio grows to 127 ventures

With a total of 46 investments in new startups in 2023, the investment portfolio of EIT Urban Mobility, launched 4 years ago, now contains 127 ventures. The portfolio has a total value of €1bn with companies covering 29 European countries. While these innovations cover all aspect of mobility, they all have one common factor: their positive environmental and social impact on the urban landscape. Some key startups from our portfolio includes Elonroad, Vonzu and Zeabuz.

In 2024, EIT Urban Mobility, an initiative by the European Institute of Innovation and Technology (EIT), a body of the EU, aims to continue to enlarge the portfolio with an ongoing call for investments and their Investment Readiness Programme. This programme is designed for European startups in the field of urban mobility currently fundraising or planning to do so in 2025. EIT Urban Mobility’s investment strategy focuses on creating positive outcomes for both people and the planet while ensuring competitive market returns.

Fredrik Hanell, Director of Impact Venture at EIT Urban Mobility: “Impact investing means looking to the future when making decisions now. This means that we go beyond financial investments to drive meaningful and lasting change in the urban mobility sector.  As the European leading impact investor in mobility, EIT Urban Mobility, looks for seeds and pre-seeds companies that already have or can have a net positive impact.”

Prominently featured sectors in the portfolio include transport electrification, urban logistics, and mobility data management.  EIT Urban Mobility goes beyond the more traditional aspects of mobility by also investing in sectors such as waterborne mobility and behavioural change through nudging and stimulating walking.  

To measure a company’s net impact, and deliver a transparent view across specific categories, EIT Urban Mobility employs the Upright Net Impact Model, a quantification model that is based on a network summarising more than 250 million scientific articles and a taxonomy of over 150,000 product and service categories. According to this model, EIT Urban Mobility’s portfolio scores a 48% positive net impact score, significantly higher than the 40% of the control group of the Upright Benchmark. The startup companies in the portfolio score especially high on the environmental dimension, +217% compared to benchmark.  Another strong selection point is team diversity and gender balance, resulting in 43% of the equity portfolio being women-led in comparison to the industry average of 18% according to the Report on Women Entrepreneurs in Europe.

On top of this sustainable impact, EIT Urban Mobility has a dedicated investment budget for European economies that require more support in the sector of innovation. These regions defined by the Regional Innovation Scheme, typically have enormous untapped potential and can greatly benefit from investments in innovation and mobility. By directing resources to these areas, EIT Urban Mobility contributes to economic growth, job creation, and the development of sustainable transportation systems.