The European Investment Fund (EIF) has pledged €70 million to support Klima2, the latest energy transition growth fund from European investor Alantra, the organisations said. The move aims to scale up breakthrough technologies that are key to Europe’s shift to a cleaner, more resilient economy.
The new fund, Klima2, will back about a dozen fast-growing companies across Europe, following the same successful strategy as Alantra’s first Klima fund, which EIF also helped finance. With typical investments ranging from €10 million to €30 million, Klima2 will focus on proven, business-to-business models in clean energy generation, energy infrastructure, storage, and sustainable transport.
EIF and Alantra say their partnership is about investing in real-world solutions with the potential to drive change at scale. “Through this fund, we’re backing innovators who can speed up Europe’s push for a low-carbon future,” said Marco Marrone, EIF Chief Investment Officer. Bastien Gambini, managing partner at Alantra, called the support “a strong endorsement” and said Klima2 will help deliver the next wave of companies leading Europe’s energy transition.
The deal fits into broader targets set out in the EIB Group’s climate and innovation roadmaps, as well as the TechEU push to mobilise €250 billion for startups and new technology by 2027. It also supports the REPowerEU initiative to boost energy independence and reduce reliance on fossil fuel imports.
Klima2 will be managed under strict environmental standards and target investments that offer measurable, positive impact. Alantra, which manages nearly €17 billion in investments, says the fund is part of its wider strategy to back innovators shaping the future of Europe’s green economy.
