EIT Urban Mobility’s equity startup HOPU got acquired by Libelium 

HOPU (HOP Ubiquitous), one of EIT Urban Mobility’s first equity startups, has been acquired by Libelium. With its Internet of Things (IoT) solutions for monitoring air quality, noise pollution, and meteorological parameters, HOPU makes a good match with Libelium, a leading company in the design and manufacturing of wireless sensor network devices to deliver reliable IoT, M2M and smart cities solutions. The high compatibility of both companies stands for a huge leap forward in their strategy to lead the IoT market, with the intention to float the company in an initial public offering. 

Since its starting point in 2014, the Spanish venture HOPU has grown to a 40 staff company, working with over 100 cities and customers, and has more than 700 devices deployed in Europe. With the data provided by HOPU, cities get insights and suggestions on how to transform their urban spaces to create more sustainable living areas. For these reasons, EIT Urban Mobility decided to invest in HOPU in 2020. Over the years, HOPU has taken part in several of our programmes, like the Scale up programme in 2020 and Raptor in 2021, where they were the winning startup for the air quality challenge of the city of Sant Joan Despí, Spain.  

HOPU is highly competitive in their sector and has positioned itself as a valuable collaborator for large partners such as Telefónica, Suez and Signify (Philips). Besides enriching Libelium’s technological portfolio and know-how on Smart Cities, Infrastructure and Sustainability, it gives the opportunity to HOPU to expand its market outside of Europe to Central and North America.  

This successful transaction solidifies the commitment of EIT Urban Mobility towards urban mobility transformation powered by data and digitization. 

EIT Urban Mobility has invested in 35 ventures since 2020 and keeps up

EIT Urban Mobility just opened an ongoing investment call for early-to-seed stage ventures. Selected scale-ups and start-ups can receive up to €500,000 capital. More importantly, the offer goes beyond funding. Ventures will benefit from fast-track introductions into the urban mobility community via the extensive regional and pan-European network, including cities, mentors, and industry leaders. This allows start-ups to validate their solutions, network with key decision-makers and scale their company with increased visibility.

The current portfolio contains companies developing technologies and solutions which are shaping the future of the urban mobility landscape. While financial return is essential, as an impact investor EIT Urban Mobility selects ventures where social and environmental impact grows with revenue. Start-ups in EIT Urban Mobility’s equity portfolio contribute positively to at least one of the Sustainable Development Goals (SDGs) related to sustainable cities and communities, clean energy, and climate action. Based on the call for actions related to these goals, EIT Urban Mobility is linking key performance indicators to the expected impact of the start-ups to indicate their contribution to improved sustainable and liveable cities.

In addition, EIT Urban Mobility focuses on inclusive and gender-balanced teams when selecting start-ups. Research indicates that new businesses led by women are more likely to succeed and more likely to exceed expectations for growth. Since EIT Urban Mobility made inclusive and gender-balanced teams a key priority in 2020, internal reports show that the number of female-led ventures in the EIT Urban Mobility portfolio has grown from 16% to 27%, and the share of gender-balanced start-up investments has risen from 28% to 52%.  

Finally, to stimulate the talent and entrepreneurial mindset in all of Europe, EIT Urban Mobility pays special attention to start-ups incorporated in the Regional Innovation Scheme (RIS), where conservative and risk-avoiding policymaking can slow down change and innovation. 

For more information about the investment call: EIT Urban Mobility Startup Investments – EIT Urban mobility 

Call for Expressions of Interest: Empowering women in active mobility

EIT Urban Mobility seeks a partner organisation (gold or silver) with expertise in active mobility, community change and community initiatives that empower local residents.

The organisation will support a programme testing new mechanisms to engage with local citizens (women) in active mobility.

As this is the first time running this programme, the activities will include the development of the overall programme of activities, conducting outreach and dissemination activities, coordinating the different actors and conducting the final evaluation of the programme. The activities will be conducted in close partnership with EIT Urban Mobility, with both actors co-designing and co-implementing the programme together.

All information can be found in the Expression of Interest document

All applicants have to complete this application form

Deadline for submissions: 13 June 2022 at 9:00 CEST

EIT opens call for participants in Women2Invest

Women2Invest aims at helping women start their careers in venture investment, both through training and access to funds. At the same time, it gives investors access to a group of promising women with technical background that will add diversity to their investment teams.

Women2Invest is an access and training activity aimed at helping women with STEAM university studies and no or little knowledge of investment become familiar with the fundamentals of venture capital. The training part of the activity includes a combination of masterclasses, practitioners experience, simulation of investment processes and practical work.

The ultimate goal is providing participants with a paid internship or job in a venture capital fund, a corporate venture capital fund or a corporate venturing unit. Participants will also have the opportunity to build a network of future colleagues, top-notch practitioners and key players in the venture industry. The activity is powered by Diversity VC Iberia and will run online for 8 weeks starting in mid-October 2022.

Women2Invest is looking for participants with these characteristics:

  • Recent graduates and young professionals from STEAM careers:
    • Up to 7 years after completing undergraduate & master studies
    • Up to 2 years after completing PhDs
  • Holding a passport from either one of the 27 EU member states or the eligible associate countries
  • Fluent in English
  • With genuine interest in the venture capital industry / investment in startups

The call for applicants is now open until 30 June 2022 and can be accessed here. More details can be found in the terms and conditions.

Women2Invest is part of the Supernovas programme of EIT Urban Mobility, EIT Manufacturing and EIT Food, which has the ultimate goal of increasing the presence and role of women in the EU entrepreneurship ecosystem.

In case of any questions or inquiries, please contact Ana Alcaine at ana.alcaine@eitfood.edu