Startup investment
Capital for your mobility startup
EIT Urban Mobility invests in European mobility ventures to help them scale sustainable. As impact investor, EIT Urban Mobility is looking for startups offering innovative urban mobility solutions to create a more social and healthier environment in cities.
The session takes place on the Mobility Innovators platform
What to expect as a startup of the EIT Urban Mobility’s investment portfolio?
Up to €2.5 M financial support
Fast-track introductions to the largest pan-European mobility network including cities, corporates and other European organisations
Mentoring and hands-on support to scale your company with increased visibility. Access to top-tier events
Access to exclusive funding opportunities to scale sustainable via city pilots, funding through innovation projects and follow-on investment opportunities
Startup financial support
The objective of the Financial Support to Startups Open Call is to hands-on support selected investees in driving their growth, gaining visibility, and strengthen national and international market position. For ventures coming from Horizon Europe Associated Countries and willing to stretch their outreach, it opens doors to European markets and mobility ecosystem.
EIT Urban Mobility invests in solutions that contribute positively to at least one of the Sustainable Development Goals (SDGs) related to sustainable cities and communities, clean energy, and climate action. Furthermore, EIT Urban Mobility encourages inclusive and gender-balanced teams to apply for this funding on green mobility.
To stimulate the talent and entrepreneurial mindset in all of Europe, EIT Urban Mobility pays special attention to startups incorporated in the Regional Innovation Scheme (RIS), where conservative and risk-avoiding policy-making can slow down change and innovation. After their application, startups from these countries will be invited to a specific investment committee to ensure the channelling of the additional financial support available to RIS startups.
Does your startup qualify for mobility financial support?
Startups and scaleups applying for funding must meet the following criteria to be eligible:
- Incorporated in EU Member State or Horizon Europe Associated Country
- You are a startup currently engaged in an active fundraising round (pre-seed/seed or series A round).
- You are not currently part of EIT Urban Mobility investment portfolio.
- Your company pre-money valuation does not exceed €50,000,000.
- Your startup has individual founders or executive team members who jointly hold more than 40% share of the company’s equity before the current fund raising.
- You have a prototype, pilot, or Minimum Viable Product (MVP).
- Your proposed innovations target the urban mobility market.
Innovative product/service contributing to at least one of the EIT Urban Mobility core topics
Call manual
Tips for applicants
Financial support thesis
Application form
Investment thesis
The characteristics of EIT Urban Mobility funding are:
- Geographic focus: Europe and Horizon Europe associated countries
- Target number of investments: 8 – 10 per year
- Target equity: 5% – 10%
- Target of the initial investment: up to €2.5M
- Target stage: Pre-seed to Series A
- Cut-offs 4 times per year
Sectors of interest:
- Urban logistics
- Mobility data management & AI
- Public and shared transportation
- Electrification of transport and alternative fuels
- Health & mobility
Application timeline
The Financial Support to Startups Call is open until 10 January 2025.
EIT Urban Mobility invests in European mobility ventures to help them scale sustainable.
Testimonials
FAQ´s
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Preliminary considerations regarding the investment instruments used by EIT Urban Mobility:
- EIT Urban Mobility provides financial support through a distinct instrument that may differ from those commonly used by other investors. This support typically takes the form of a grant awarded under the Horizon Europe framework, which is often combined with a service package component.
- For startups funded under the Financial Support to Startups Open Call, a key requirement is contributing to EIT Urban Mobility’s financial sustainability by allocating shares, with the subscription price of these shares set at their nominal value. It is important to note that both the grant and the subscription of shares at nominal value may have tax implications, which can vary depending on the country of incorporation. We strongly recommend consulting with a local tax advisor to fully understand any potential tax liabilities or obligations related to these aspects of the funding.
