Move Energy Fund I, a venture capital fund based in Amsterdam, aims to close at €150 million by the end of Q1 2025, with over €100 million already raised, including a €35 million commitment from the European Investment Fund (EIF). The fund will focus on Series A investments in European hardware and software companies that promote energy transition, particularly in decarbonizing power, transportation, and buildings. Pon Holdings is the cornerstone investor. The EIF supports small and medium enterprises in Europe, emphasizing the economic opportunities in sustainable energy highlighted by recent climate initiatives. Move Energy was founded in 2021.